GEOTHERMAL HOME LEASING

LVestus Energy Raises $750M for Innovative Geothermal
February 15, 2011 (Sustainable Business via Reuters)

"A new geothermal heating and cooling company, LVestus Energy, Inc., announced that it raised $750 million in initial project funding from Sundance Capital Group.

"The company is using a unique business model that's popular for small-scale solar development and--more recently--small scale wind."

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"Municipalities, universities, schools and other large customers can have a geothermal heating and cooling system installed with no upfront costs, and instead pay for the system over time with the money saved in energy efficiency."

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"LVestus Energy's GeoTPA (Thermal Purchase Agreement) program potentially makes geothermal energy a more cost-effective way to heat or cool a commercial facility…

"This first round of project capital will be provided through SCG's Bright Matter Energy Fund, will be dedicated to the installation of geothermal loop fields, the on-site underground structures used to extract heat from the ground in the winter and reject heat in the summer."