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Today on the Clean Power Hour, host Tim Montague explores the cutting-edge developments in geothermal technology with Joselyn Lai, co-founder and CEO of Bedrock Energy. Lai discusses how her company is revolutionizing the geothermal heating and cooling industry by dramatically reducing installation costs and time through innovative drilling technology.
The conversation delves into how Bedrock Energy's proprietary sensor package and two-way communication system allows for faster, more efficient drilling – up to 8 times faster in difficult conditions. This technological advancement has helped reduce geothermal system payback periods from 15-20 years to just 5-7 years, making clean heating and cooling more accessible to building owners.
Lai provides valuable insights into geothermal systems' economic and environmental benefits, including potential energy savings of $100,000 annually for million-dollar installations, reduced maintenance costs, and significant carbon emission reductions. The discussion also covers how geothermal systems can help address grid constraints and rising energy demands, particularly in regions with extreme heating and cooling needs.
Whether you're a real estate developer, building owner, or simply interested in sustainable building technologies, this episode offers crucial information about the future of clean heating and cooling solutions. Listen now to learn how geothermal technology is becoming an increasingly viable option for building decarbonization.
Social Media Handles
https://www.linkedin.com/in/joselynlai
https://bedrockenergy.com/
The Clean Power Hour is brought to you by CPS America, maker of North America’s number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems. CPS America has offices in California, New Jersey, and Texas. Learn more at https://www.chintpowersystems.com/
00:00 - Introduction and Guest Welcome
02:53 - Joselyn's Background and Bedrock Energy Origin
04:19 - How Bedrock Geothermal Systems Work
07:32 - Bedrock's Innovative Drilling Technology
12:56 - Project Implementation and Partnerships
14:58 - Geographic Focus and Market Strategy
17:22 - Economic Benefits
20:10 - Permitting and Soft Costs
22:09 - Bedrock Market Opportunities
24:06 - Benefits for Building Owners
25:31 - Tax Incentives and Financial Returns
26:23 - Global Impact and Decarbonization Potential
31:31 - Key Target States and Markets
33:10 - Closing Thoughts and Contact Information
