‘The bill is just a monumental accelerator for a whole host of technologies that serve to decarbonize one sector or another.’
Out of the more than 80 million single-family homes in the U.S., roughly 1,000 have geothermal heat pumps from Dandelion Energy, a startup that spun out of Google. (Another 1,200 have the heat pumps on order.) But it’s likely that number will grow quickly—and that the company will expand out of the Northeast, the only region where it operates so far—thanks to the support for climate tech in the Inflation Reduction Act.