Geothermal and Thermal Energy Storage Systems: Opportunities to Decarbonize

Geothermal, or ground source solutions have gained renewed interest. Continued improvements in well drilling and heat exchange technology has led to improved performance and lower installed costs. While thermal energy storage has been around for over 40 years, innovations in heating with ice has expanded the operating map and carbon reduction potential. The increase in incentives in the form of fuel switching, carbon caps, carbon pricing and investment tax credits can make these systems even more attractive.