- Rising electricity demands on the back of ongoing climate change is set to result in higher energy expenditures and carbon emissions in coming years
- GeoSolar Technologies have sought to address this issue through the creation of its proprietary SmartGreen(TM) Home system
- The technology will be designed to make use of geothermal, solar, and renewable energy sources to help transition households towards energy independence
- The company estimates that its technology could eventually help to reduce carbon emissions within the United States by as much as 1.9 trillion pounds per year
Deaths. Melting tarmac. Power outages. These are images which have been reproduced time and time again over recent months, the consequences of summer heatwaves which have become more intense across the world, routinely pushing temperatures above 40 degrees Celsius (104 degrees Fahrenheit). As temperatures soar, so too does the demand for ways to stay cool; according to the International Energy Agency, the stock of global air conditioners is set to rise by 163 percent to over 5.5 billion units by 2050 (https://ibn.fm/viKAH). In fact, the new electricity demand posed by the growing use of air conditioners over the next thirty years alone will be equivalent to the present combined electricity generation capacity of the US, EU, and Japan. GeoSolar Technologies (“GST”), a Colorado-based climate technology has sought to address the systemically unsustainable growth in energy demand through the creation of its proprietary SmartGreen(TM) Home system, a system designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels.
In 2018, U.S. energy expenditures clocked in at $3,891 per person, a remarkable figure given that it accounted for nearly 6.3 percent of GDP that year (https://ibn.fm/27HPW). Nevertheless, that figure is set to rise even further in 2022, with annual average WTI (West Texas Intermediate) crude prices trading nearly 54 percent above their 2018 equivalent. However, energy costs quantify only one part of the energy dilemma. Approximately 20 percent of US energy-related greenhouse gas (“GHG”) emissions stem from heating, cooling, and powering households. To put that into context, if US households were to be classified as a country, their emissions would transform them into the world’s sixth largest GHG emitter- comparable to Brazil and larger than Germany (https://ibn.fm/8g5Ri). Moreover, and by 2050, the United States is set to add an estimated 70-129 million residents and 62-105 million new homes. With fewer than 3 percent of U.S. homes currently powered by solar energy, the environment ramifications could be unfathomable.
Through their SmartGreen(TM) Home system, GeoSolar Technologies have sought to address both the issues posed by soaring energy costs as well as the growing carbon emissions crisis. GST’s technology enables a household to capture the sun’s energy to account for all its energy requirements, thereby negating the need for households to depend on utilities – or be faced with increasingly exorbitant energy bills. Furthermore, SmartGreen(TM) Home harnesses the Earth’s exterior environment to keep the home at a perfect temperature year-round, with the company’s proprietary air purifying unit ensuring that the air inside the home remains safe – an increasingly vital consideration amidst the spread of airborne viruses.
With its revolutionary residential technology already installed in multiple test homes in Colorado, tests have shown that households using the SmartGreen(TM) Home system boast some of the most impressive energy efficiency ratings in the industry (https://ibn.fm/n8iJ6). GeoSolar Technologies has followed on from these trials by recently releasing estimates suggesting that if every home in America were to make use of its technology, U.S. carbon emissions would be reduced by an estimated 1.9 trillion pounds per year – a key requirement if the United States is to meet its forecast net-zero emissions ambitions by 2050.
In fact, a recent statement from Marilyn Lopez, Partner and Co-Founder of TAG Collective, a company currently overseeing GST’s company’s marketing efforts for its upcoming Reg A+ offering could perhaps best sum up GeoSolar Technologies’ prowess and capabilities. “There may not be a company in the climate technology industry that is doing more in the battle against rising global temperatures.”
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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