GHPs offer 500% efficiency; Development banks lending to renewable energy; MATOC awards to speed Army task orders

GEO’s President explains why GHPs are the best heating option. Development banks lend a record $108.9 billion to renewable energy. The U.S. Army’s MATOC awards for geothermal, solar, and wind have been dispersed.

GEO President: GHPs Offer Heating Efficiencies of Up to 500%
Development Banks Lend Record $108.9 Billion to Renewable Energy
Army’s MATOC Awards for Geothermal, Solar, and Wind Have Been Dispersed

GEO President: GHPs Offer Heating Efficiencies of Up to 500%
By Becky Little, GEA staff ~ Doug Dougherty wants Americans to know that they should not play with fire – to heat their homes and office buildings, that is. In a recent op-ed, the president and CEO of the Geothermal Exchange Organization made the case for why Geothermal Heat Pumps (GHPs) are a better alternative to combustion.

While fossil fuels can never offer energy efficiency of more than 100% – and often offer less due to system inefficiencies – Dougherty writes that “GHP technologies offer heating efficiencies of up to 500 percent.” Because GHPs offer much more efficiency than fossil fuels, they have the potential to reduce the percentage of energy bills for heating, cooling and hot water.

The energy efficiency of GHPs would not only save money for business – it would help homeowners save more, too. The U.S. Environmental Protection Agency has asserted that GHPs are the cleanest, most energy efficient and cost-effective space conditioning systems.

Unlike fuel-based energy sources, GHPs do not require the same equipment, fuel costs and maintenance of their combustible counterparts. In addition, GHPs do not present the health problems and safety issues that fuel-based systems are known for, such as carbon monoxide production and natural gas explosions.

Despite the clear benefits of GHPs over combustion, the U.S. has continued to rely on policies that favor fuel-based sources over renewable alternatives. Dougherty argues that these inefficient, environmentally unfriendly and frequently unsafe systems are outdated, and that we should push to include better alternatives in our homes, schools and businesses.

Luckily, there are GHP tax incentives as well as programs for financing, promotion and installation of GHPs. However, Dougherty says that “much more can and should be done to promote their use” in order to bring U.S. energy usage into the 21st century.

Development Banks Lend Record $108.9 Billion to Renewable Energy
By Sustainable Energy Coalition/SUN DAY Campaign, source: Bloomberg — Development banks worldwide lent a record $108.9 billion to renewable energy and energy-efficient technology last year as they scale back investment in coal-fired power plants. KfW Group was the biggest lender furnishing $34.4 billion in 2012 followed by China Development Bank Corp. with $26 billion, Bloomberg New Energy Finance said in a report today that used data from 26 institutions. The state-backed lenders have boosted their financing of clean energy at an average rate of 25 percent over the last five years and that trend looks set to continue. Development banks furnished $424.8 billion of clean energy finance between 2007 and 2012.

Army’s MATOC Awards for Geothermal, Solar, and Wind Have Been Dispersed
The U.S. Army Corps of Engineers, Engineering and Support Center and the Army Energy Initiatives Task Force (EITF) together have announced wind project awards, the third category of Multiple Award Task Order Contract (MATOC) awards for renewable energy projects that has been announced. The group dispersed its MATOC awards for geothermal projects back in May and announced awards for solar in August. Biomass technologies are also expected to be awarded this year. Col. Robert Ruch, commander, U.S. Army Engineering and Support Center, Huntsville said in a statement: “Awarding these contracts in the four distinct technologies, geothermal, solar, wind, and biomass, will allow us to more quickly award task orders for individual future projects as they are identified. We look forward to working with the EITF and other potential DoD organizations to help implement renewable energy projects.”

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