The demand for geothermal heat pumps (GHP) is soaring as the world embraces renewable energy solutions. Heating, ventilation, and air conditioning (HVAC) professionals, drillers, ground-loop contractors, system designers, and financial institutions are all poised to benefit, but they must overcome several workforce development challenges
In the final quarter of 2024, with just five years and two months to hit our 2030 goals, the mistaken identity of construction for power generation geothermal is something that our industry can work through.
Private market for ground source mechanical systems is booming, but drilling capital expenditure stalls amid uncertainty for large drilling projects and interest rates
Projects designed to improve the construction of enhanced geothermal systems and to demonstrate how thermal energy storage can reduce energy needs for industry are receiving federal grants totaling $31 million.