Dandelion Energy Inc is a new, home geothermal startup from the Google Parent Alphabet’s X Division. The company has just announced it has successfully raised $2 million in seed money to get its sales and operations department started. This round of fundraising was headed up by Collaborative Fund. Dandelion’s breakthrough is a renewable heating and cooling solution that combines high-performance equipment with a proprietary, low-cost installation process that, together, will help homeowners to save more money when they switch from conventional heating fuels to all-natural—and renewable—geothermal heating and cooling systems.
Still quite a new concept, home geothermal energy systems harness thermal energy from within the surface of the earth—enough energy to heat and cool air and water. The system may also pump heat away from the home and direct it into the earth—during the summer months, for example—to keep your home cool (without using energy).
In the United States, buildings account for nearly 40 percent of all carbon emissions. The majority of these emissions actually come from heating and cooling. Dandelion, then, focuses on saving consumers as much as 50 percent on geothermal installations than systems in the past.
Dandelion CEO Kathy Hannun explains, “We started this project because we realized millions of homeowners are using expensive, truck-delivered fuels because they don’t have access to better options today. We knew if installing a geothermal heat pump was a simpler and more affordable process, these homeowners would have access to a better product that’s also better for the climate.”
In addition, Collaborative Fund Founder and Managing Partner, Craig Shapiro notes, “There is a macro shift in the economy towards businesses that can align the self interest with the broader interest,” says Craig Shapiro, Founder and Managing Partner at Collaborative Fund. “Dandelion’s business model enables homeowners to make the sustainable choice the most economic choice, which is a powerful combo.”
And this powerful combo can be available to qualifying homeowners for zero down. This, obviously could make a huge different for homeowners looking to save money—particularly on utilities during some of the hottest and coldest months on record—at a time when money is already hard to come by.