Subterra Monthly Blog

“Terraforum”
Harnessing Geothermal in the U.S.

Welcome to the first installment of “Terraforum”, your one-stop outlet for information about geothermal exchange systems and Subterra’s energy-as-a-service utility offering for heating and cooling your buildings.

We’re kicking off the first edition by echoing the call to action coming from various major cities in the U.S. as they ramp up their decarbonization and electrification goals for carbon reduction.

Over the past year, edicts from major urban centers such as New York City and Washington D.C. have turned up the heat on electrification. Subterra is working closely with a number of recently acquired client as well as prospectives to integrate its energy-as-a-service (EAAS) utility offerings to meet the lofty goals being set by major urban centers - which now includes the cities of Boston and Chicago. Reach out to us here to arrange a complimentary feasibility study and learn more about our utility offering.

Washington Introduces Additional $4B in Tax Incentives

The Subterra team is also well versed on a available tax credits and financial incentives available from state utility providers such as New York’s ConEdison which supports energy and cash savings in the long run.

More recently, the U.S. Department of Energy noted it continues to add more financial incentives to go green – by announcing an additional $4B in tax credits. This will help build and expand the clean energy supply chain and drive investments into lower cost energy communities. We work with our local partners and clients to design an EAAS model specifically tailored for your project.

Expanding Geoexchange in Boston too

With the City of Boston Building Emissions Reduction Ordinance (BERDO) aiming to reduce air pollution and greenhouse gas emissions generated by large buildings, Subterra is conducting feasibility studies on a number of local projects. BERDO encourages retrofits and is now mandating that buildings transition from fossil fuels to renewable energy for thermal comfort and indoor air quality improvements for a carbon-free Boston by 2050. Boston is widely known for its network of higher learning institutions, community buildings, hospitals, etc. – therefore this could be a prime region for geothermal district heating and cooling with Subterra’s utility offerings.

The Windy-City Winds it Up!

More recently, the City of Chicago announced it is launching ordinances to follow suit with other urban center’s decarbonization plans. With Chicago’s mayor noting that its buildings account for about 69% of the city’s emissions, it will now embark on a reduction plan to combat climate pollution by 67% by 2040. Spurring market activity over 2024-2026 means increasing the pace in which ground-source heat pumps are purchased and adopted as electrification incentives take hold. Builders and project owners will need to demonstrate compliance with incoming decarbonization ordinances for retrofitting buildings and new developments.

Timely Topic – Register for our Webinar!

This is a perfect segway to join our upcoming Webinar. We’re spotlighting the journey from the perspective of a potential new client based in Chicago. Follow along by joining us on Tuesday April 9th at 11 a.m. Eastern Time. The subject topic will explore “Geothermal for Multi-Family Homes: Improving Operating Expenditures One Building at a Time.” Registration is now open.

The webinar will explore incentives and benefits for decarbonizing and future-proofing buildings with geothermal energy. The panel discussion will be of interest to developers, architects, engineers, city planners, project owners and anyone interested in exploring the financial and environmental considerations for heating and cooling spaces with renewable thermal networks via Subterra’s energy-as-a-service-model.

The panel will be moderated by Subterra’s Chief Revenue Officer, Kareem Mirza, and will be joined by panelists: Jeff Urlaub, Principal, Salas O’Brien, widely acknowledged as the foremost engineering experts in designing geothermal networks across North America; and Kenneth Maruyama, SVP, Weldon Development Group, a leading Chicago builder that will provide the developer’s perspective on why designing and installing geothermal networks into their upcoming multi-family projects will be a game changer for the third largest city in the U.S.

FOR MORE INFORMATION, REACH OUT TO:

Briana Gagliardi

Marketing & Communications Manager

briana@subterrarenewables.com