Dandelion Energy is a company you’ll want to keep on your radar. It started its life in the Google X incubator, and today, it is a leading home geothermal company — helping homeowners free their homes from fossil fuels. Dandelion makes geothermal heating and cooling systems accessible and affordable while allowing homeowners to save up to 50% on their heating and cooling bills and reducing homes’ carbon dioxide emissions by up to 80%.
The company offers fancy geothermal heat pump systems that include Wi-Fi-enabled monitoring — creating a smarter, more responsive, and more innovative approach than any other HVAC system on the market.
Also, Dandelion uses smaller, more efficient drills that make one or two deep holes just a few inches wide, rather than the large drill rigs used by its competitors. This approach not only takes up less space and creates less disturbance but also enables more affordable and much faster installations — i.e., days vs. weeks.
The company oversees all stages of geothermal installation, and since all of these steps are done in-house — it can offer all-in-one pricing with no cost surprises as the project is being completed.
And that strategy apparently works, with Dandelion announcing its 1,000th home geothermal installation in October 2022. At that time, the company also shared that its 1,000 installations will reduce carbon emissions by 413,000 tons by 2050, which is like removing 13,000 cars from the road.
Alas, expansions are expensive, and so in November 2022 – Dandelion Energy raised a $70M B1 funding round from investors, including LENX (the corporate venture arm of Lennar), NGP ETP, Breakthrough Energy Ventures, NEA, GV, Collaborative Fund, and Building Ventures.
The company plans to use the funds to continue with an expansion in retrofit and new construction markets. In addition, as heat pumps move into the mainstream, they will use the capital to invest in a broader range of products capable of serving more customers and geographies.
Takeaway
Dandelion Energy is making waves in this market with its modern, incredibly efficient geothermal heating and cooling systems for residential homes — allowing homeowners to replace their existing HVAC or for new builds and renovations to incorporate this technology with ease.
In October 2022, the company celebrated its 1,000th geothermal installation, and a month later - it secured funding for further expansion.
Action point
You could lead the initiative in your community and be among the first to adopt Dandelion Energy's system. It will not only show your city/town as a promising place willing to adopt new (green) technologies but also help save on the energy bill. That could be an example other organizations in your area could follow, helping cut CO2 emissions in your community to the benefit of everyone.
Like any other company, Dandelion Energy could use partners and if your company is in a related business - you may want to consider contacting them to explore different options for cooperation. Perhaps you could find a mutual ground and score a distribution deal with them and then serve both business and government customers in the areas your company operates in. This is a hot product that quickly delivers tangible results — i.e. energy savings and lower CO2 emissions.