- Rising electricity demands on the back of ongoing climate change is set to result in higher energy expenditures and carbon emissions in coming years
- GeoSolar Technologies have sought to address this issue through the creation of its proprietary SmartGreen(TM) Home system
- The technology will be designed to make use of geothermal, solar, and renewable energy sources to help transition households towards energy independence
- The company estimates that its technology could eventually help to reduce carbon emissions within the United States by as much as 1.9 trillion pounds per year
Deaths. Melting tarmac. Power outages. These are images which have been reproduced time and time again over recent months, the consequences of summer heatwaves which have become more intense across the world, routinely pushing temperatures above 40 degrees Celsius (104 degrees Fahrenheit). As temperatures soar, so too does the demand for ways to stay cool; according to the International Energy Agency, the stock of global air conditioners is set to rise by 163 percent to over 5.5 billion units by 2050 (https://ibn.fm/viKAH). In fact, the new electricity demand posed by the growing use of air conditioners over the next thirty years alone will be equivalent to the present combined electricity generation capacity of the US, EU, and Japan. GeoSolar Technologies (“GST”), a Colorado-based climate technology has sought to address the systemically unsustainable growth in energy demand through the creation of its proprietary SmartGreen(TM) Home system, a system designed to harness energy from the earth and sun to power and purify homes and automobiles without the use of fossil fuels.
In 2018, U.S. energy expenditures clocked in at $3,891 per person, a remarkable figure given that it accounted for nearly 6.3 percent of GDP that year (https://ibn.fm/27HPW). Nevertheless, that figure is set to rise even further in 2022, with annual average WTI (West Texas Intermediate) crude prices trading nearly 54 percent above their 2018 equivalent. However, energy costs quantify only one part of the…
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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