Episode
26

Geo-Exchange’s Role in Net Zero with Geosource

December 15, 2021
|
Duration:
1568206
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In This Episode:

Join energy coaches David Arkell and John Pooley with guests Darynne Hagen and Darryl Chow from Geosource for an episode about how geo-exchange can help get to net zero. This episode features the geo-exchange market, projected growth of the market, challenges in the industry, and actions needed to better support zero-carbon technologies.

Highlights

  • Introduction to Geo-Exchange Technology: Geo-exchange utilizes the earth’s temperature for energy-efficient and sustainable heating and cooling, making it a vital component for achieving Net Zero goals.
  • Market Growth and Partnerships: Rising climate awareness and stricter building standards are driving geo-exchange market growth. Partnerships with utilities, such as Oakville Enterprise Corporation, are building reliable infrastructure for system implementation.
  • Municipal Standards Driving Demand: Cities like Toronto and Vancouver enforce strict building codes to reduce carbon emissions, incentivizing developers to adopt geo-exchange systems and accelerating market expansion.
  • Educational Initiatives: Geosource hosts educational sessions to inform developers and stakeholders about the economic and environmental benefits of geo-exchange technology.
  • Future Outlook and Challenges: Workforce development and technical training remain key challenges for scaling geo-exchange systems. Coordinated efforts among governments, educational institutions, and industry are needed to address skill gaps.

Key Insights

  • Economic and Environmental Benefits of Geo-Exchange: Geo-exchange systems provide long-term cost savings and sustainability, aligning with Net Zero objectives by reducing reliance on traditional heating and cooling methods.
  • Scaling Up Requires Infrastructure and Skills: Large-scale adoption requires significant infrastructure investment and a skilled workforce. Specialized training programs for engineers and technical staff are essential to meet the growing demand.
  • Importance of Public and Private Collaboration: Successful geo-exchange implementation relies on close cooperation among municipal governments, utility providers, and private firms to ensure efficient planning and execution.
  • Role of Policy Consistency: Stable, long-term policies are critical to encourage geo-exchange adoption. Frequent policy shifts can deter investment and delay implementation efforts.
  • Educational Outreach to Stakeholders: Geosource prioritizes educational initiatives to promote geo-exchange, addressing misconceptions, highlighting benefits, and guiding stakeholders in system integration
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Hosts:
David Arkell

David Arkell

President & CEO

360 Energy

John Pooley

John Pooley

Vice-President, Program Development

360 Energy

Lysandra Naom

Lysandra Naom

Project Manager

ENWIN Solutons

Darynne Hagen

Darynne Hagen

District Energy Consultant

Urban Equation

Darryl Chow

Darryl Chow

Director of Business Development

Geosource Energy Inc.

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