Both existing building retrofits and new construction

For existing buildings, drillable space such as a parking lot, green area, or open setback. For new buildings, space under foundation during construction

New construction, or existing buildings with exterior or wall packaged HVAC (e.g., packaged RTUs), water-source heat pump system with central plant, or below 140°F hydronic heating system

Typically 1-5 story buildings

Bonus if HVAC in an existing building is within 2-4 years of remaining life

50,000 sq ft

200,000 sq ft+

Bedrock primarily operates in upstate NY.

Buildings should be run by an operator who is able to support a 3-5 year payback period if paying for the geothermal system upfront. If the building is leveraging a no-upfront-cost model, the building should be able to engage in a ~15-year offtake contract. If the building is engaging in a no-upfront cost model and the owner is not the building occupant, then it's best if there is a creditworthy single-tenant to cover contract payments. If the project is serving a multi-residential site, then the owner or HOA should include contract payments in existing monthly fee collections from the occupants.