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Future of Renewable Energies Looking Brighter Thanks to IRA, ESA, GeoSolar Technologies Inc., and More
October 21, 2022

Future of Renewable Energies Looking Brighter Thanks to IRA, ESA, GeoSolar Technologies Inc., and More

  • The U.N. is calling for all efforts to support development and implementation of sustainable energies amid the worst cost-of-living crisis of our time
  • GeoSolar Technologies has developed and tested a comprehensive system for eliminating the need for fossil fuels to meet energy demands for commercial and residential buildings
  • GeoSolar Technologies system harnesses the power of the sun and the Earth to transition away from the electric grid to self-sustainable homes that receive some of the highest HERS Index marks today

The world’s gone through a lot in the last few years, from a global pandemic to now what the United Nation describes as a “once-in-a-generation cost-of-living crisis” fueled in part by skyrocketing energy prices. To wit, the U.N. is sounding the alarm as to the urgency for implementing new energy policies squarely focused on sustainability. Experts are looking at all opportunities, some futuristic, such as the European Space Agency (“ESA”) evaluating beaming solar power to Earth from satellites, and others available today, like GeoSolar Technologies (“GST”) whole-house systems that maximize efficiency while eliminating grid dependence.

In November, ESA ministers are gathering in Paris to strategize on priorities, including mulling over the potential of launching commercial power stations orbiting the planet, a project dubbed “Solaris.” The hypothesis is that large satellites could harness sunlight, convert it to power and beam it to Earth into Europe’s power grid.

It’s not as crazy of an idea as it may sound. Solar is the gold standard used in powering spacecraft today and amazingly efficient, with the perk of prices dropping in recent decades at a faster pace the predicted. To overcome challenges related to power generation at night, researchers at Australia’s University of New South Wales are working on solar cells that create electricity from infrared, a perfect solution considering that Earth radiates stored heat into space as infrared radiation.

While these groups work on the renewable tech of the future, GeoSolar Technologies is putting real-world solutions into residential and commercial buildings today. The Denver-based company is revolutionizing the way people heat, cool and power homes from 100% natural sources, namely the sun (solar) and the soil (geothermal). The patent-pending integrated system can be used for fossil-fuel-free electrification of all a house’s power needs, such as for air purification, irrigation, appliances, electronics, lighting, electric vehicle battery charging, and more.

Again, this isn’t purely conceptual. GeoSolar Technologies’’ systems have been installed in houses in Colorado (some of the harshest climate in the U.S.) and performed spectacularly to earn some of the highest scores available on the Home Energy Ratings Systems (“HERS”) Index. The HERS index is the industry’s gold standard for inspecting and calculating a home’s energy performance. Anyone that has been to Colorado at different times of the year understands that not only does it get bitter cold in the winter, but it can be brutally hot in the summer, so maximized efficiency is critical to comfort and reduced household bills.

GeoSolar Technologies uses rooftop photovoltaic solar panels to generate the home’s electricity. That electricity is used throughout the house, including to power heat pumps and water heaters. Geothermal HVAC (heating, ventilation, air conditioning) systems take advantage of the heat within the Earth. It capitalizes on the fact that the ground maintains a nearly constant temperature around 50-55 degrees Fahrenheit just a few feet in the ground year-round. The difference in the ambient temperature in a house allows the ground to serve as a heat source when it’s cold outside and heat sink when it’s hot by circulating the air through hundreds of feet of piping, called ground loops.

Thanks to the recently passed Inflation Reduction Act of 2022, geothermal is more affordable than ever. The new law includes $369 billion in new climate spending and provides homeowners with a bevy of incentives to build new homes or retrofit existing buildings with renewable energies. Incentives include thousands of dollars in tax credits and rebates for installing things like heat pumps and heat pump water heaters.

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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