Erda Energy Launches Unique Geo-Exchange Technology in the U.S.

NEW YORK, Sept. 20, 2017 /PRNewswire/ -- Erda Energy, a U.K.-based energy technology and services firm, today announced the introduction of its portfolio of "geo-exchange" technologies to the U.S. market. Erda's U.S. launch comes as thousands of global climate leaders have descended on New York to plan the next generation of climate and energy solutions.

Erda Energy's geo-exchange technologies, already deployed in the U.K., can help retail stores, hospitals, universities and entire communities cut annual HVAC energy usage on average by 80 percent.

"Erda Energy is bringing a range of innovative, efficient and smart geo-exchange technologies to the rapidly developing U.S. market," said Kevin Stickney, managing director of Erda Energy's London office. "Our top priority is to reduce energy waste, cost and environmental impact for our clients, thereby changing the way our world uses heating and cooling energy. We're excited to come to the U.S. at a time when the need for effective distributed energy systems like Erda's has never been greater."

Erda Energy's patented coaxial inclined borehole technology harnesses the energies created in heating and cooling processes, feeding this back into a building in real time, or storing it for later use as needs fluctuate. The result is a closed loop system that provides heating, cooling and storage of energy on a more efficient basis than traditional technologies.

"While Group Property Director at Sainsbury's, we chose to incorporate Erda Energy's geo-exchange systems into several Sainsbury's supermarket locations across the U.K. because it was part of the company's carbon reduction plans, therefore good for our environment and delivered good commercial returns, said Neil Sachdev.  As a result of Erda's closed loop installations that provided heating and cooling for 25 of the supermarkets, the energy costs for refrigeration decreased immediately. The supermarket chain continues to benefit from the technology and savings to this day."

Climate Week attendees spent significant time discussing how best to integrate distributed generation into an increasingly complex U.S. grid, a task for which many believe Erda Energy is uniquely suited.

"As we move to a more sustainable economy, we must shift to renewable technologies that transform our approach to heating and cooling and reducing energy waste," said Mark Shorrock, clean energy entrepreneur and CEO of Tidal Lagoon Power. "I am excited by any solution that uses what is already given to us by nature in a clean, safe way, but it also has to work for the market and at scale. Erda Energy's smart thinking on deployment, performance, optimization and integration with other renewables makes it easy for customers to change the way they view and use energy. Their proven, innovative solutions have brought 'grid-scale' technology to this space, at last."

With 60+ years of reliable operation, Erda Energy has collected an unprecedented level of data for geo-exchange solutions. Erda Energy's systems use real-time monitoring to track system performance, carbon and cost savings, findings which were recently confirmed by an Oxford University analysis.

"Macquarie Bank Limited has invested in a number of Erda Energy systems in the food retail sector since 2014. Food retail is just one of several sectors with high intensity heating, cooling and refrigeration demands and we see real potential for Erda's technology to help drive smart energy-saving solutions," said Nikolaus Woloszczuk, Co-Head Lending Europe, Macquarie Bank Limited.

"Erda Energy asked me to study their extensive database of operating data from Erda systems, and after comparing Erda's recorded performance to that of their prediction software, I found the data to be very much in line," said Professor Alex Rogers of Oxford University. "I also studied the energy and carbon impact made by the Erda systems compared to traditional heating, and found that energy savings of 81 percent and reduction of carbon emissions of at least 67 percent are possible.  The way Erda Energy manages their systems to optimize for heating and cooling is very effective."

Erda Energy is a subsidiary of Erda Energy Holdings LLC, which acquired a variety of clean technologies and assets from Europe in July 2017. To learn more about Erda Energy and its technologies, please visit www.erdaenergy.com.

About Erda Energy
Erda Energy is an energy solutions company that helps businesses dramatically reduce energy consumption, utility costs and carbon impact. Using advanced technologies that leverage the stability of the earth's temperature, our energy solutions increase efficiency immediately, eliminating waste and reducing HVAC energy use by an average of 80%. For buildings, campuses and entire cities, Erda's proven technologies have the power to change the way we think about energy use and decarbonisation of the built environment.  

SOURCE Erda Energy

Related Links

http://www.erdaenergy.com