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Dandelion Energy raises $70M to take geothermal heat pumps mainstream

Julian Spector of Canary Media reports on Dandelion Energy’s latest funding round.

The C3 Take
  • Dandelion Energy heats and cools houses cleanly with slimmed down geothermal drilling in yards.
  • While the upfront costs for Dandelion’s geothermal system are more expensive than traditional heat pumps, it pays itself off within seven years through reduced energy costs.
  • Since spinning out of Google in 2017, Dandelion has received over $100 million in funding and expanded its operations in New York, Connecticut, and Massachusetts.

“By drilling hundreds of feet into the ground, Dandelion taps a secure reservoir of heat in the winter, and in the summer, the pump removes heat from the house to cool it.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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