Geothermal energy startup spins off of Alphabet's research arm
Google parent Alphabet's research and development division spun off a project Thursday that aims to make geothermal energy an easier lift for consumers.
The product: Geothermal systems require putting pipes in the ground to take advantage of the different temperature above and below ground to heat or cool a building. The company, called Dandelion, says it has developed a "a fast, slender drill" that "could drill just one or two deep holes just a few inches wide, and compared to typical installation rigs, it produced less waste and took up much less space as it operated."
Installing the system will cost $20,000, according to the company, which is setting up financing for customers. It'll be available first to customers in parts of New York state.