A newly published report from ClimateWorks has found that a 97 % improvement in energy economics would be achieved “without major structural change to the economy and using technologies that are already available or in development in the areas of energy conversion, energy efficiency and electrification.”
RenewEconomy has summarised the report and we’re delighted to see that Geoexchange has featured in the report as one of the top 10 clean technologies to help put Australia on target for zero net emissions while significantly boosting energy productivity.
Heat Pumps or ‘geoexchange’ technologies: These clever technologies can drastically reduce the amounts of energy required for heating and cooling by drawing heat or cold from outside or underground and pumping it into the conditioned environment.
The report cites the January 2014 installation of a ‘geoexchange’ system on an ageing property owned by the Tumut Shire Council in NSW, which has delivered energy savings of 66 per cent and cost savings of over $215,000 per year, as well as noticeable improvements in the building’s comfort levels.
The Tumut Shire Council geoexchange system mentioned in the report is one of our own projects, the success of which really emphasizes how geoexchange change be used to boost energy productivity. Some useful links on this project:
- Full details of the Tumut project
- You can read about the geoexchange aspect and our involvement in this project here and here.
- For the GeoExchange/Tumut case study
- 2014 Winner of the Climate Change Action Award
Our aim here at GeoExchange Australia is to promote the use of geoexchange technology in helping homeowners and businesses in Australia and are pleased that this report illustrates how we can help the nation’s energy economics.