- The International Energy Agency predicts global energy subsidies topped record high of $1 trillion in 2022, contributing to incorrect price signaling, market distortion, rising government spending, discourage renewable energy adoption
- GeoSolar develops whole home renewable energy solutions that can help insulate building owners from price shocks, contribute to energy independence
- SmartGreen(TM) Home system comprises geothermal ground loops, photovoltaic solar panels, integrated air ducts and floor loops, CERV(R) air filtration, upgrades to insulation, lighting systems, and windows
- GeoSolar plans to market SmartGreen(TM) to over 120 million homes across U.S., system can be integrated into both newly built and existing residences and commercial buildings
The International Energy Agency (“IEA”) predicts that global energy subsidies topped a record high of $1 trillion in 2022 (https://ibn.fm/mW3I9). The amount doubled from the previous year, indicating that energy markets are volatile and further contributing to global price instability. GeoSolar Technologies (“GST”), a Colorado-based climate technology company, offers SmartGreen(TM) – a whole-home renewable energy system that can help protect homeowners from price volatility while offering energy independence.
The IEA strongly supports eliminating or minimizing fossil fuel subsidies due to their adverse effects on energy markets. According to the agency, subsidies cause incorrect price signaling, market distortion, and rising government spending while discouraging renewable energy adoption. Further, the agency believes that the expansion of subsidies additionally challenges the political landscape, with Russia emerging as the most significant contributor, followed by Iran and China.
GeoSolar’s innovative technology presents a multi-pronged solution that can insulate homeowners from energy instability caused by subsidies while reducing dependence on fossil fuels. The company’s SmartGreen(TM) Home system leverages renewable energy systems and efficiency improvements to dramatically lower or even eliminate utility bills. Geothermal ground loops and photovoltaic solar panels tap into the energy of the sun and earth to generate enough power to run appliances and vehicles. Integrated air ducts and floor loops maintain an optimal temperature in any climate, and upgrades to insulation, lighting systems, and windows improve efficiency. In addition, CERV(R) air filtration provides healthy and safe indoor air quality while filtering out pollutants.
GeoSolar aims to make SmartGreen(TM) accessible and affordable through various financing options, tax deductions, and utility incentives. The company plans to market the system to over 120 million homes across the United States with options for newly built and existing residences and commercial buildings. GeoSolar is additionally conducting a Reg A+ capital raise that allows anyone to invest in GeoSolar Technologies Inc. and the SmartGreen(TM) system.
For information on GeoSolar’s Regulation A+ capital raise, visit https://www.manhattanstreetcapital.com/geosolar-technologies-inc.
For more information, visit the company’s website at www.GeoSolarPlus.com.
NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST
ESGWireNews delivers up-to-date information and actionable intelligence on public companies committed to sustainable corporate practices. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), ESGWireNews provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. Environmental, social and governance (ESG) issues aren’t just buzzwords. The growing threat of climate change has moved large investors, like pension funds and insurance reserves, to action and screen investments based on sustainability and environmental impact. ESG criteria are increasingly guiding the investment choices of large institutional investors, and blue-chip companies have taken notice. ESGWireNews aims to uncover the emerging growth companies following their lead. If you’re interested in aligning your values with your investment portfolio, you’re in the right place.
To receive SMS text alerts from ESGWireNews, text “ESG” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.ESGWireNews.com
ESGWireNews is part of the InvestorBrandNetwork