Endurant Energy acquires zero-carbon heating and cooling technology company
Endurant Energy, a distributed energy and microgrid company, has acquired GEOptimize, a ground source heat pump design company.
Endurant said that GEOptimize’s technology will help it to better serve the growing number of customers that include zero-carbon heating and cooling in distributed energy resource and microgrid projects.
Demand is growing for ground source heat pumps, particularly in the Northeast where the regulatory environment is driving change. Ground source heat pumps, sometimes called geothermal heat pumps, use heat from the ground to warm and cool a building rather than natural gas or electricity. Endurant was recently awarded several grants from the New York State Energy Research and Development Authority to examine the feasibility of the technology across the state.
Endurant develops and owns projects that serve a range of customers in such sectors as education, commercial and industrial business, real estate, health care and utilities. The company was among the first to install geothermal loops as concrete foundation piles are poured; the concept is called an energy foundation.
Previously known as GI Energy, the company was acquired by LS Power in 2021 and has grown both organically and by acquisition, according to Tom Chadwick, CEO of Endurant.
Endurant announced in late 2021 that it would be building a $30 million microgrid project for Bluehouse Greenhouse in Southern California under an energy-as-a-service agreement. The 13.2-MW microgrid will not connect to the grid.
GEOptimize was launched in 2013 and is based in Winnipeg, Canada. The company is known for its use of geoforensics monitoring and troubleshooting to design and optimize ground source heat pump systems. It also supports sustainable energy professionals through certified geothermal design courses.
Ed Lohrenz, GEOptimize’s principal, said Endurant has “demonstrated their commitment to doing things the right way, ensuring their customers achieve the reductions in energy use and cost and, at the same time, reducing CO2 emissions from their projects.”
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