This first round of project capital, to be provided through SCG’s Bright Matter Energy Fund, will be used for the installation of geothermal loop fields.
The company said that the geothermal loop fields are the on-site underground structures used to extract heat from the ground in the winter and reject heat in the summer.
LVestus Energy’s patent-pending GeoTPA (thermal purchase agreement) program makes green, geothermal energy the most cost-effective way to heat or cool a commercial facility, according to the company.
