Utility Dive•about 1 month ago
University of Rhode Island to use geothermal system after test success
Key Takeaway
Geothermal is proving to be a highly cost-effective, utility-supported solution for large institutions seeking significant heating and cooling cost reductions and emissions reductions.
AI Summary
- •University of Rhode Island successfully tested a geothermal system, funded by a utility grant, demonstrating potential heating and cooling cost reductions of 50% or more.
- •This project highlights geothermal as a viable, cost-saving energy solution for large institutional loads, offering significant operational expenditure reductions.
- •The utility grant signals potential policy support and financing mechanisms for geothermal projects, creating opportunities for developers and large consumers to explore similar incentives.
- •The successful test indicates a growing trend for large energy consumers to adopt on-site, renewable heating and cooling solutions to manage energy costs and reduce emissions.
Topics
emissionsfinancingpolicy