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It sounds like the goal is to make geothermal heat pumps affordable by making the drilling for them affordable.
Heating and cooling represent about a third of all energy use in the U.S., and in data centers, the figure can be as high as 40%. Geothermal can slash HVAC energy use while also saving grid operators up to $4 billion annually. To help stabilize its creaking electrical grid, the U.S. needs to drill 6 million feet of geothermal borehole daily through 2050, according to the Oak Ridge National Laboratory.
There are two main flavors of geothermal: Enhanced geothermal drills down thousands or tens of thousands of feet. Companies like Fervo and Quaise that are drilling that deep are tapping very hot temperatures — usually in the hundreds of degrees — to generate electricity. The other, shallow geothermal, which is what Dig is focused on, is usually limited to hundreds of feet. At those depths, the ground maintains a consistent temperature year-round, which is perfect for heating and cooling residential and commercial buildings.
Installing the ground loop, as the underground piping is called, represents around 30% of the total cost of a ground-source heat pump and is one of the main reasons the technology remains more expensive than conventional heating and air-conditioning systems. Tackling those costs was high on Dig’s list.
I’m Meh on geothermal. The maintenance on these systems can be very burdensome at times. Plus if circulation fluid leaks it can require special waste clean up.
Plus the ranges of heating and cooling are bounded. Sometimes the heat pump can cool low enough to make people feel comfortable.
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