WorldWide Drilling Resource

9 WorldWide Drilling Resource ® FEBRUARY 2018 Hot Off the Press page is proudly sponsored by Aries Industries, Inc. Large-Scale Geothermal Heating and Cooling Systems to be Financed and Installed at Facilities The New York State Energy Research and Development Authority and New York Power Authority announced the availability of $3.8 million for the launch of a statewide Geothermal Clean Energy Challenge, an initiative designed to stim- ulate financing and installation of large- scale geothermal systems at state and local governmental entities, public and private schools, and healthcare facilities. It promotes clean, sustainable energy use, and supports Governor Cuomo’s goal to reduce greenhouse gas emis- sions 40% by 2030. The Challenge seeks to accelerate the adoption of high-quality ground source heat pump (GSHP) systems by providing New York facilities with the opportunity to apply for an analysis to determine whether their buildings are suited for GSHP installation for heating and cooling. Entities seeking to leverage geother- mal energy systems to meet their heat- ing and cooling needs can submit an application on the Geothermal Challenge website through March 30, 2018. Top-ranked applicants will receive a refined economic analysis and building energy model for their proposed GSHP systems at no cost. The best sites will qualify for up to $125,000 in matching funds per site for detailed design studies, and may be eligible for additional project financing. For a link to this website, visit: worldwidedrillingresource.com