This is an excerpt from EERE Network News, a weekly electronic newsletter.
Making Buildings Better: Indie Energy and Their Geothermal Breakthrough
For the last few weeks, we've told you about the launch of an "Entrepreneurial Mentor Corps," a one-year pilot program to connect clean energy startups with mentors who can help support these companies through early-stage challenges and increase their chance for success. The program is a partnership of DOE and the U.S. Small Business Administration and targets clean energy small businesses that have previously received financial assistance from DOE through the American Recovery Act and Reinvestment Act.
Indie Energy is one of many innovative new companies participating in the mentorship program. Founded in 2006, Indie Energy has created a breakthrough to reduce energy waste in buildings by developing state-of-the-art technology to make widespread geothermal heating and cooling possible for the first time. The company's energy-saving "Smart Geothermal" technology has already proven effective with customers including Walgreens, Astellas Pharmaceuticals, Medline Industries, and numerous public and not-for-profit institutions, including an energy upgrade of International Union of Operating Engineers Local 150's commercial building campus—made possible by a $2.45 million grant for advancement of the company's technology through DOE. See the Energy Blog post.