For now, Dandelion is selling its systems through installers to home owners in New York state. Why New York? There’s a lot of variation in weather, for starters. Geothermal systems can be used for efficient heating or cooling, which makes them appealing versus separate heating and air conditioning systems.
Additionally, New York is a densely populated state where an estimated 2 million homes still rely on oil or propane for temperature controls. Those are each more costly and polluting when compared to geothermal.
Installation of a Dandelion system would cost a homeowner between $20,000 to $25,000 upfront, or between $160 to $180 a month over 20 years, the company said.
“For an average fuel oil homeowner in New York, switching to geothermal would save 110 tons of CO2 and $35,000 over 20 years,” Hannun said. “For the average propane home, the homeowner would save over 130 tons of CO2 and $63,000 over 20 years,” she said.
The start-up intends to use its funding to ramp up its production and sales of its systems in New York, and then to expand into new states, especially in the Northeast and Midwest.
The company is the second to launch from X at Alphabet as an independent company. Earlier, X-born project Flux.io, which makes data sharing software for the buildings industry became a standalone, venture-backed startup. Other X affiliated projects have become part of Alphabet’s own business, including G-cam which now comprises the camera technology within Pixel phones, and Verily, now part of Alphabet’s life sciences initiatives.