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PanTerra Energy is First Geothermal Company to Receive Public Utilities Commission Registration in the Country

Geothermal Technology Now More Affordable and Available to Wider Audience

DENVER – AUGUST 27, 2012 – PanTerra Energy, an accredited alternative energy solutions provider specializing in geothermal heat pump systems is the first company of its kind in the country to have received a Public Utilities Commission (PUC) registration. This PUC designation is the first step in allowing PanTerra to apply for a permit to act as a sole utility, leasing and selling direct access to a geothermal loop field without additional third party involvement. PanTerra designs, builds and installs what many believe to be the next wave in eco-friendly and cost-effective improvements for homes, businesses and municipalities.

“From the outset, we sought to differentiate ourselves from other geothermal heating and cooling suppliers,” says Co-Founder Mike Ryan. “Acquiring the PUC license is the initial proof-point, as we’re able to make geothermal technology available to a wider audience at a lower cost.”

As a new company entering the geothermal market, PanTerra has proven to be forward-thinking, offering thermal purchase agreements that provide a no-cost option to retrofit residential, commercial and municipal homes or buildings with super-efficient systems.

“More than any single factor, the added costs of the loop field are suppressing the widespread adoption of geothermal heat pump systems (GHPs). If you view the loop field as an infrastructure component of a heating and cooling system, it makes a lot of sense to treat it as a thermal utility, which is the concept that PanTerra is pioneering.  If you can provide users with a straightforward monthly cost for their heating and cooling, without the added financial burden of buying the loop field infrastructure, then GHPs can quickly become a mainstream technology,” said Ben Northcutt, Executive Director, Colorado Geo Energy & Heat Pump Association.

PanTerra’s founders have also met with local legislators who are equally excited about their prospects and the creation of additional green jobs.

About Geothermal

According to the EPA, geothermal uses 25-70% less energy than conventional HVAC systems. Geothermal heat pumps can reduce energy consumption, and corresponding emissions, up to 44% compared to air-source heat pumps and up to 72% compared to electric resistance heating with standard air-conditioning equipment. The heart of GHPs is the loop field buried below ground that circulates a water-based solution. The system uses the near-constant 55-degree temperature of the earth to heat a structure in the winter and cool it in the summer.

PanTerra Energy can help you make the smart choice, naturally. For more information, please visit our website or call 720-493-1000. Follow PanTerra on Facebook and Twitter.