Google spinout Dandelion Energy wants to push home geothermal heating to new heights in 2020. The company, which emerged from the X “Moonshot Factory” in 2017, has grown to around 100 employees and installed hundreds of sites in New York state. It continues to refine its drilling technology to make residential drilling and heat pump installation easier and more competitive with incumbent fossil fuels. Last month, it pulled in another $12 million, bringing total investment to $35 million, and hired a new CEO to handle the growth stage while co-founder Kathy Hannun takes the president role to focus on technology development. Dandelion is seizing on statewide trends as well. It partnered with utility Con Edison to install geothermal heat pumps in Westchester, where demand for natural gas has outstripped supply, leading to a moratorium on new hookups. The utility offers rebates of up to $5,000 for customers who switch to Dandelion’s geothermal heat pumps. And the state Public Service Commission, which regulates utilities, raised heat pump deployment targets and allocated billions in funding for it in a January 16 order.
GTM 17th Feb 2020 read more »