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Alphabet Startup Heats Your Home From a Hole in the Ground [Bloomberg Business News]

AAON (AAON)  More Company Research Source: Bloomberg Business News
Last aaon earnings: 5/3 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: aaon.com/investors
PDF Dandelion offering residential geothermal power in New York System delivers underground energy to heat and cool homes Dandelion Energy Inc. , a company that emerged out of Alphabet Inc.’s X incubator last year, says its custom-designed drilling rig and pump systems will help make geothermal heating more affordable to homeowners. The Brooklyn-based company expects to begin drilling wells in June for heating and cooling systems that will cost less than $20,000. That’s about half the price of typical residential geothermal energy installations available today, according to Chief Technology Officer James Quazi. Residential geothermal heating is uncommon, in part because the expense and effort to dig the wells make them costly to install in existing homes. Dandelion’s drill was designed to address this, and its system uses lightweight pumping equipment from Aaon Inc. that can also reduce installation t [Read more]

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