Welcome to June!

Summer is upon us and the GeoExchange industry in Ontario continues to heat up. The OGA Conference at the end of April saw 150 attendees make their way to Mississauga for our annual conference & AGM. The day was filled with informative presentations and lots of great networking! Check-out the Ontario Geothermal website downloads section for copies of the presentations, here. Feedback from event surveys has been positive and we have already begun discussions on next year Conference/AGM. Stay tuned for updates!

Here's the stories we've been watching in the news over the last few weeks. We are always open to highlighting member projects - please email us: office@ontariogeothermal.ca

IN THE NEWS:

What’s up with networked geothermal?

The term “networked geothermal” describes both the technology—geothermal—and the mode of delivery—a network. For our purposes, geothermal means delivering heat (“thermal”) from the ground (“geo”) to heat a building using a heat pump. This type of heat pump is called a ground-source heat pump.

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Price of natural gas could climb higher still after cresting multi-year highs

The rising price of oil may grab most of the headlines, but another commodity — natural gas — is on an even wilder ride and expected to hit fresh highs this summer. The war in Ukraine and resulting concerns about global energy security have driven up commodity prices world-wide. But where the price of oil is up about 85 per cent year-over-year, natural gas is up more than 200 per cent.

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The heat pump market will more than double to $13B in cold climates by 2031

Northern Europe’s cold-climate regions are expected to lead market growth, expanding from $2.51 billion in 2022 to $5.93 billion in 2031 at a CAGR of 10%. North America is expected to follow. As electrification trends move forward there, the HP market is anticipated to grow from $1.46 billion in 2022 to $3.31 billion in 2031 at a CAGR of 9.6%

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Netherlands to ban fossil heating from 2026, make heat pumps mandatory

The Dutch government intends to ban new fossil fuel-centric heating system installations as of 2026, while introducing the mandatory use of heat pumps or connections to heat networks.

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