Bosch Thermotechnology Teams Up With Orca Energy to Reduce Cost of Geothermal Heating and Cooling for New Home Developers, Builders and Homebuyers Subscribe to RSS feed
Bosch Thermotechnology, a leading heating-cooling equipment manufacturer, has signed an agreement with US-based Orca Energy, a leading geothermal utility provider, to jointly market a geothermal infrastructure-equipment solution to developers, homebuilders and prospective new homeowners in the U.S.
The agreement between Bosch Thermotechnology and Orca Energy was signed in October at the annual International Ground Source Heat Pump Association (IGSHPA) Technical Conference and Expo held in Las Vegas, NV.
The agreement to collaborate in the U.S. marketplace solves one of the most persistent challenges facing the geothermal industry: how to overcome builder and homeowner resistance to the initial capital cost barrier of installing the ground heat exchanger. Geothermal heat pump systems can save between 30%-50% in heating and cooling costs compared to a conventional furnace or air conditioner. First costs for installing the heat exchanger loop element, however, have been a stumbling block the industry has struggled with for years.
Going forward the two companies will jointly market to developers and builders as well as to new homebuyers. Homebuilders who enter into agreements with Orca Energy will receive design, installation and maintenance services for the ground heat exchanger at no expense. Orca Energy will serve the homeowner as a separate utility provider for the thermal energy provided by the geothermal heat pump system. Under such master agreements the builder agrees to have Bosch geothermal heat pumps, manufactured by Bosch’s FHP Manufacturing division in Fort Lauderdale, FL, installed in the new homes.
Orca Energy will charge the homeowner a one-time connection fee and then bill a Monthly Utility Charge (MUC) consisting of a capacity charge and a variable monthly energy charge. These charges are indexed to the Consumer Price Index (CPI). The MUC is designed to be set at or below actual space heating/cooling and hot water energy costs as compared to a conventional HVAC system. This provides the homeowner with stable and predictable energy costs over time.
Orca Energy and Bosch will jointly focus on securing master service agreements with developers/builders of new sub-divisions in areas where the cost of energy is high and where there is a strong value proposition.
Bosch will focus on developing its Accredited Bosch Contractor (ABC) loyalty program with geothermal contractors located in targeted markets in order to provide installation and maintenance for the Orca Energy Master Service Agreements.
“Bosch has made a commitment to grow our geothermal heat pump business, and to do that we have to make strategic connections within the industry with key partners like Orca Energy,” comments Richard Soper, Bosch Thermotechnology’s President for North America. “Orca provides a great solution to remove the initial cost barrier for geothermal systems. We look forward to working closely with our partners at Orca to make this a game-changer for geothermal acceptance.”
Orca Energy is a privately held U.S. company with industry leading expertise in geothermal utility operations headquartered in Seattle, WA. Orca’s sister company, GeoTility Systems Corp, has focused exclusively on the geothermal energy market and has had great success in Canada over the past 23 years, in a market where a federal tax incentive/rebate program does not exist. Building upon the successful utility model market transformation in Canada, Orca Energy anticipates achieving a broader based adoption of geothermal technology in the U.S. in cooperation with Bosch.
“Bosch is the perfect partner for us in the U.S.,” says Jim Leask, President and CEO of Orca Energy. “Both Bosch and Orca are serious about taking geothermal mainstream as the cleanest, most energy efficient and most comfortable renewable energy technology available. This is an important development for the geothermal marketplace. Our strategic alliance with Bosch will have a significant impact on the geothermal industry.”
For a list of benefits provided to the developer, builder and the homeowner, see the accompanying fact sheet.
For more information on Orca Energy visit www.orcaenergies.com or call
1-855-561-4460 For more information on GeoTility visit www.geotility.com
About Bosch Thermotechnology
Bosch Thermotechnology is a leading source of high quality water heating and comfort heating systems. The Company offers Bosch tankless, point-of-use and heat pump electric water heaters, Bosch solar thermal systems, Buderus floor-standing and wall-hung boilers, Bosch and FHP geothermal systems as well as controls and accessories for every product line.
Bosch Thermotechnology is committed to reinventing energy efficiency by offering smart products that work together as integrated systems that enhance quality of life in an ultra-efficient and environmentally friendly manner. For more information, visit www.boschheatingandcooling.com
About The Bosch Group
The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, its roughly 281,000 associates generated sales of 46.4 billion euros ($61.6 billion) in 2013*. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. Its operations are divided into four business sectors: Automotive Technology, Industrial Technology, Consumer Goods, and Energy and Building Technology. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2013, Bosch applied for some 5,000 patents worldwide. The Bosch Group’s products and services are designed to fascinate, and to improve the quality of life by providing solutions which are both innovative and beneficial. In this way, the company offers technology worldwide that is “Invented for life.” Additional information on the global organization is available online at www.bosch.com, www.bosch-press.com, and http://twitter.com/BoschPresse.
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, healthcare telemedicine and software solutions. For more information, please visit www.boschusa.com, www.bosch.com.mx and www.bosch.ca.
*Due to a change in legal rules governing consolidation, 2013 figures can only be compared to a limited extent with 2012 figures. Exchange rate: 1 EUR = $1.32812