- Renewables, such as wind and solar, are on the rise as the need for a secure and independent energy system gains urgency amid the ongoing energy and climate crisis. Recently, another sustainable green energy source has started to gain traction – geothermal
- With the core as hot as the surface of the sun, experts say that this natural heat of the Earth is a powerhouse to be tapped into as it can serve as a triple resource – for power, as a long-duration storage, and as a mineral
- With its SmartGreen(TM) Home system, GeoSolar seeks to combine solar and geothermal to lead Americans toward a greener and more energy-secure future
Nations around the world are facing the hard reality that relying on another country for energy supply and centralized power generation mean being vulnerable to energy insecurity. The good news is that technology already exists to make everyone more energy-secure (https://ibn.fm/hNMMS) and companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology company, work to make this goal a reality by utilizing the power of renewables. With inflation at record-high levels in decades and the risk of energy dependence and climate crisis becoming ever more threatening, GeoSolar seeks to combine the power of solar and geothermal to offer American homeowners solutions that can help them achieve energy security as well as save money and the planet at the same time.
Technologies like wind, solar, and battery storage are growing rapidly each year – in 2023, they accounted for 82% of the new, utility-scale generating capacity the U.S. developers plan to bring online (https://ibn.fm/jOVYQ). Although, another renewable appears to be bursting onto the green energy scene, attracting a growing public interest. It is geothermal energy, a potent clean power source that is still often called the lesser-known renewable cousin of wind and solar.
Although “heat from the Earth” has been used as a source of renewable power for more than a century, recent scientific and technological advancements have provided convincing evidence that the benefits of geothermal can go far beyond delivering a 24/7 clean power source (https://ibn.fm/Lcwx3). The Earth can potentially help tackle multiple barriers the world faces on a wholesale transition toward a cleaner energy future, serving as a triple resource – it can be used for heating, cooling, and power, but it can also be used as a storage and a mineral resource. As a result of this multifaceted role, it comes as no surprise that geothermal sparked interest both from investors and public and private sector leaders. For example, Colorado recently launched “The Heat Beneath Our Feet” initiative to promote geothermal energy generation in this and other western states. “Earth’s heat is always available; it doesn’t go away when the sun goes down. It can play a big role in the energy transition by providing reliable, 24/7 clean energy, and it can do so much more than people think,” said Colorado Gov. Jared Polis as he showcased the laboratory’s geothermal research portfolio to more than 50 leaders. In contrast, wind and solar are intermittent sources of generation as they don’t produce energy around the clock, so battery storage systems are needed to store electricity from these generators for later use. Here lies another benefit of geothermal – instead of using these costly battery systems, the Earth could store energy – and do it at scale to provide ample power to buildings, whole neighborhoods, and even entire cities.
With the core as hot as the surface of the sun, the Earth provides abundant resources that could be utilized using conventional techniques closer to the surface. The United States is currently the world’s leading producer of geothermal electricity due to the western states’ natural, ideal geothermal conditions. As Amanda Kolker, geothermal laboratory program manager at the National Renewable Energy Laboratory recently said, “At just 10 feet below the surface, the temperature remains the same year-round — around 55°F. This means in the summer geothermal technology can provide cooling, and in the winter, it can provide heat,” Kolker explained.
That is exactly the power that GeoSolar aims to tap into. Seeking to lead Americans toward a greener future, GeoSolar developed the SmartGreen(TM) Home system that helps them achieve energy stability and save money while also helping the planet. In a home equipped with the SmartGreen(TM) system, the sun’s energy is utilized to generate electricity through solar panels. Then, the stable temperature of the earth is used to maintain the home at an optimal temperature throughout the seasons, while the company’s proprietary air purifying technology aims to ensure safe and healthy air in the home.
For more information, visit the company’s website at www.GeoSolarPlus.com.
NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST
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