Financing Thermal Energy Networks: Capital Flow Determines Whether Rigs Move

Thermal energy networks (TENs) are experiencing a surge of interest across the United States because of their efficiency, decarbonization, and affordability benefits. TENs are infrastructure-scale heating and cooling systems that require large capital investment: horizontal pipes, geothermal heat pumps, and, often, geothermal boreholes. Thirteen states have passed some form of TENs-related legislation, often allowing investor-owned utilities to build and finance TENs pilots. Outside of legislation, many municipalities and campuses are constructing these systems to provide reliable, non-combusting heating and cooling to their buildings. 

This accelerating interest means TENs present large-scale opportunities for drillers. But unlocking drilling work begins with unlocking dependable and affordable financing.