29 Jul '13, 9pm

Geothermal Heat Pump Market to Triple by 2020

New Hampshire, USA -- There has been an uptick of interest in renewable energy heating and cooling in the past year, with several U.S. states and other countries establishing favorable incentives. After a two-year slump due to the global economic downturn, Navigant Research predicts that the geothermal heat pump market (GHP) will nearly triple to $17.2 billion by 2020, which is a “slow but steady growth” for the industry, according to Navigant analyst Mackinnon Lawrence. Find the report, Geothermal Heat Pumps , here . Among favorable policies cropping up globally, the UK recently announced renewable heat tariffs (which were set at 18.8 pence/€0.22 for ground-source heat pumps), and a coalition has formed in Massachusetts to include renewable heating and cooling technologies in the state renewable portfolio standard (RPS). But GHPs are still considered a technology that “fa...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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