GeoSolar Technologies Inc. Plays a Key Role within America’s Household Electrification Drive

• Homes in the US are increasingly resorting to electricity to satisfy their power requirements, shifting away from their prior mixed-fuel use model
• All electric homes can result in carbon emissions which are 81% lower than their mixed-fuel counterparts whilst simultaneously, resulting in significant utility-related cost savings
• GeoSolar Technologies have sought to cater to the ongoing electrification of US households through their proprietary SmartGreen(TM) Home system
• A recent housing development in Riverside County, California has looked to test the dual concepts of green energy powered households and a microgrid – insulating homes within the community from failures in the state power grid

If you were to acquire a home constructed at any point over the past forty years, chances are that it is an all-electric home. A survey carried out by the US Energy Information Administration found that 35% of hom es built in 1980 or later used only electricity, with 25% of all homes nationwide now solely employing electricity to satisfy their power requirements (https://ibn.fm/lQwWS). A recently published research study has now revealed that not only do all-electric homes result in substantial carbon emissions savings over their mixed-fuel powered counterparts – over 81% lower on average, but they also boast a far more inexpensive cost profile. Within New York alone, an all-electric home was shown to result in net present cost savings of as much as $6,800 relative to a mixed-fuel home over the course of the 15-year study.

The carbon emissions savings of an all-electric home have been warmly welcomed by local state governments; cities in California, Washington, New York, and Massachusetts have all passed laws or adopted codes mandating or encouraging all-electric new building construction. Meanwhile, regional coalitions across the country are forming to extend lessons learned from these first movers to other states, including in New England and the Midwest. The desire by governmental bodies and homeowners alike to lower carbon emissions and decrease utility costs has sparked a drive towards household electrification and consequently, a transition away from the yesteryear model of mixed-fuel use households. It is exactly this kind of vision that GeoSolar Technologies (“GST”), a Colorado-based climate technology company has looked to cater to.

Through the introduction of its proprietary SmartGreen(TM) Home system – an environmentally friendly, renewable energy focused technology designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels, GeoSolar have looked to tackle the astounding thirty percent of global greenhouse gases generated by households every year. Moreover and during a time of increasingly elevated electricity costs, the company revealed that the average GeoSolar-powered home could result in a negligible carbon footprint with homeowners disbursing less than $100 per annum in utility bills (https://www.geosolarplus.com/geosolarplus).

Although green energy adoption has been slow to gain mass-market appeal, the future of low-carbon, climate resilient housing is increasingly coming into view – most recently in a quiet residential community nestled within California’s Riverside County. A recent subdivision of 78 new homes in the town of Menifee were constructed in an entirely environmentally friendly manner – with electric power sourced from batteries tapping into rooftop solar panel systems and geo-thermal heat pumps providing year-round climate control. Moreover, the homes have been connected to form a microgrid, a self-contained power system that can operate independent of California’s grid in case of failure – an increasingly likely occurrence with climate-driven wildfires, heat waves and storms contributing to widespread power outages in recent years (https://ibn.fm/svueF).

The federal government has seen the potential in green communities such as the one coming up in Riverside County, providing the subdivision’s contractors a $6.65 million grant to develop and test first-of-its-kind microgrid technology and determine whether the Menifee microgrid could serve as a model for future housing developments.

“We want to see how we can improve resilience for the homeowner,” said Ram Narayanamurthy, emerging technologies program manager at the Energy Department. “Electrification is really going to drive carbon footprint reduction as the California grid gets more and more decarbonized.”

For more information, visit the company’s website at www.GeoSolarPlus.com.

NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

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