GeoSolar Technologies Inc. Seeks to Ride the Wave of Solar Growth as the Sector Is Expected to Provide 40% of US Electricity by 2035

• Net zero has become global economic matter with tangible financial impact as it increasingly enters investors’ risk/return equation
• Solar is well-placed to be one of the key carbon-free energy sources as business case for net-zero builds; more than 5,000 businesses and 400 large investors have committed to net-zero target
• GeoSolar seeks to position itself for growth amid flourishing demand for carbon-free power and robust business outlook for solar; sector could quadruple by 2030 and potentially produce 40% of US Electricity by 2035

Net-zero efforts have been spreading like wildfire. But achieving this ambitious target means balancing an equation between the amount of greenhouse released into the atmosphere and the amount removed by solutions for carbon capture and storage. When the equation is balanced worldwide, global warming will plateau. Since the global capacity for carbon storage is just one-thousandth of greenhouse gas emitted yearly, routes to net-zero predominantly depend on the world economy emitting less (https://ibn.fm/mfKVx). That’s where GeoSolar Technologies (“GST”), a Colorado-based climate technology company, seeks to leave its mark on the global movement for a net-zero future with its SmartGreen™ Home systems that leverage the power of the sun and earth to empower businesses and homeowners to achieve net-zero.

Since no global authority has the mandate to enforce its implementation, net-zero efforts are still a patchwork of governments, companies, institutions, and non-profits committing to the shared vision of a carbon-free economy. The more that join, the more attainable the global goal becomes. Today, over 70 countries worldwide have announced net-zero targets, as well as more than 5,000 businesses and 400 large investors.

But since its humble beginnings, the net-zero target has evolved from being a lofty aspiration of climate activists into a goal not only accepted across the board but one with a strong business case behind it. Investor pressure is one of the main reasons for companies to reduce their carbon emissions, believes Kirsten Snow Spalding, senior program director of the Ceres Investor Network, a network of 220 institutional investors managing more than $60 trillion and a founding partner of the Net Zero Asset Managers Initiative. Companies risk losing money due to carbon taxes and regulatory and reputational risks if they are not proactively working toward decarbonization. Similarly, there’s a clear case for homeowners to up their net-zero game to benefit from lower energy costs and enhanced energy independence.

Solar appears to be one of the critical pieces of the net-zero jigsaw. Although currently accounting for around 3% of the US electricity supply, the US solar industry has been on a steep growth trajectory, with a 30% annual increase in solar panel installations in 2021 (https://ibn.fm/zkkNv). As a result, Rocket Mortgage – the largest mortgage lender in the US – has announced its expansion into solar (https://ibn.fm/Ct8MY), offering loans to customers looking to install solar panels amid a boom in residential solar (https://ibn.fm/FdIF2).

This seems to be only the beginning of what looks like a rapid growth journey for solar – and GeoSolar appears well-positioned in the booming market that is yet to see explosive growth. The Solar Energy Industries Association and Wood Mackenzie project that the sector could quadruple by 2030 (https://ibn.fm/NhAB6). At the same time, the Department of Energy forecasts in its Solar Futures Study that by 2035, solar energy could power 40% of the country’s electricity (https://ibn.fm/6EVBh). GeoSolar seeks to position itself at the forefront of the solar movement to electrify the economy in the global bid to transition to the net-zero future. Through its revolutionary SmartGreen™ Home system, the Company strives to transform every aspect of the living experience by using the power of the sun and earth to heat and cool residential and commercial buildings, charge electric vehicles, and run electric devices.

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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