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Geothermal Heat Pumps (GHP) are a niche market. They shouldnt be.
A Better Mousetrap?
Ralph Waldo Emerson never said Build a better mousetrap, and the world will beat a path to your door. The mousetrap that likely inspired themisquotewas invented seven years after his death. Unfortunately, many people take it literally. GHPs have all the hallmarks of a better mousetrap: They do the job of heating and cooling a building more efficiently than any other option. Despite the larger up-front cost, they are a mature technology and usually the most economic option in for buildings that can accommodate them.
Not only can GHPs cut energy costs for heating and cooling by up to 80%, they can also provide other benefits such as essentially free hot water in cooling mode, lower reliance on fossil fuels, and the elimination of above ground outdoor equipment. These advantages have earned GHPs a small but dedicated cult of true believers, but not broad market acceptance.
The world has not yet beaten a path to the GHP door. Instead, GHPs have a slim and only modestly growing market share. The North American geothermal market was only $102 million in 2012. Frost and Sullivanprojectsitto reach $148 million by 2017. The entire market for climate control products was $13 billion in 2012, and they projectit to reach $15 billion in 2017. That gives GHPs a 0.8% market share in 2012, growing to a 1% market share in 2017. While the GHP market is projected to grow at a 7.8% annualized rate, much of that is due to overall market growth. GHPs market share is only expected to grow at a 4.7% annual rate.
Although that estimate of market share is biased downward because not all buildings can accommodate GHPs, this does not bias the calculations of annual growth rate in market share. Less than 5% annual market share growth is clearly not the type of markettransformationmany would expect from a better mousetrap.
Siege Mentality
I struck a few raw nerves when I asked if air source heat pumps are a threat to geothermal heat pump supplierslast month, despite the fact that I answered my own question with a No.
Except in moderate climates, super-insulated homes, or situations where the installation of a geothermal heat pump (GHP) would be particularly difficult, GHPs have the better economics. This is despite recent advances in air source heat pump (ASHP) technology, which led me to ask the question in the first place. ASHPs dont provide hot water, while man GHP systems can. Also, as the recent heavy snows in the Northeast demonstrated, there are some advantages to having a heat exchanger which is not exposed to the elements (see pic).
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How Geothermal Heat Pumps Can Soar Like Solar
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With Fluor's headquarter relocation, Texas Instrument's new Fort Bend office, Empire Commercial Development's new medical office building, Group 1 Automotive's site acquisition for their new auto dealership, combined with plans for the new Sugar Land Performing Arts Center, Telfair at Highway 59 and University Boulevard is starting to take shape.
Colliers International is pleased to announce development news on Telfair and its 180 acres of prime commercial property at the intersection of Highway 59 and University Boulevard in Sugar Land. The property represents the last prime freeway-fronting property in Sugar Land.
Projects closed in the commercial development include:
Charlie Herder,Kolbe CurticeandCorbin Janssenwith Colliers are representing Newland Communities, the developer of Telfair, to market the property. "The Telfair commercial tracts along the freeway represent one of the very best suburban commercial development opportunities in the state" said Charlie Herder, co-chairman & principal of Colliers in Houston. "Upon full build-out, the property will add over a billion dollars of new capital investment and will be the home for several thousand employees. Other likely development on the property includes medical/professional office, banks, restaurants, retail, additional office buildings and a full service hotel."
In addition to the proposed new commercial development, the City of Sugar Land is considering plans and funding for a festival ground site, a community park (cricket, lacrosse, adult soccer, tennis, flag football, trails, picnic pavilions and other amenities), and improvements to Brazos River Park (kayak/canoe launches, hike and bike trails, etc.) on Telfair property adjacent to the approved Sugar Land Performing Arts Center.
About Telfair
One of the top-selling communities in the United States since it opened in 2006, Telfair is a 2,018-acre master-planned community located at U.S. Highway 59 South and University Blvd. A development of Newland Communities, Telfair is home to approximately 2,800 single-family homes, ranging from low-maintenance patio homes to luxury estate homes.
With an award-winning land plan inspired by the historic center city of Savannah, Ga., Telfair has over 300 acres of recreational amenities, including numerous parks and squares, miles of greenbelt trails and scenic meandering lakes. Telfair is also home to the Houston Museum of Natural Science at Sugar Land, located in a historic building donated to the museum by Newland Communities.
Telfair has won numerous awards, including several Landmark Awards from the Houston Business Journal, and a Community of the Year award from the Greater Houston Builders Association. For more information, visitwww.telfair.com.
About Colliers International
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Coming out of the ground: Telfair's 180 acres of prime commercial tracts along US 59 in Sugar Land
New York, NY (PRWEB) March 01, 2014
Operators in the Commercial Building Construction industry in Canada have experienced strong growth over the past five years. Though vacancy rates for retail and office building space increased in 2009, the industry has since picked up strongly. The federal government implemented numerous initiatives in 2010 to assist the industry in a rapid turnaround, according to IBISWorld Industry Analyst Omar Khedr. These contracts include both new-building construction and smaller-scale renovation and repair projects, benefiting both large and small industry operators. In addition, slow growth in consumer spending and a drop in private investment prompted the federal government to loosen lending standards, which urged businesses to increase spending. As a result, falling vacancy rates and rising consumer spending have led to a sharp increase in the number of building starts since 2010.
Unlike in the United States, consumer spending in Canada never contracted. Consequently, industry revenue expanded in 2010 by 8.8% and rose another 7.0% in 2012. Between 2009 and 2012, most industry operators managed to keep healthy profit margins by efficiently subcontracting labor and leasing equipment. Due to these trends, IBISWorld expects revenue to increase at an average annual rate of 5.7% to $37.9 billion in the five years to 2014. Aggressive lending into the commercial sector, higher corporate profitability and gains in disposable income have prompted increased demand, says Khedr. Also, a surge in private investment activities is expected to push revenue up by 4.7% in 2014.
Commercial construction typically lags behind the overall economy by one to two years, due in part to the length of construction contracts and the pipeline of projects that general contractors keep on the books. Over the five years to 2019, this pipeline of strong projects is anticipated to allow revenue to continue its upward trend that began in 2010, albeit at a slower rate of an annualized 3.5% to $45.1 billion in 2019. The industry is set to benefit from the increased migration of the population toward metropolitan areas; additionally, stronger sentiment toward green and sustainable construction will push up demand further. As of June 2013, 29 municipalities across Canada have programs in place to promote green and sustainable construction.
For more information, visit IBISWorlds Commercial Building Construction in Canada industry report page.
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IBISWorld industry Report Key Topics
This industry constructs (i.e. new work, additions, alterations, maintenance and repairs) office, retail, hotel and entertainment buildings. The majority of participants are general contractors or project managers. This industry does not include municipal building construction, which comprises institutional buildings such as schools, hospitals and churches.
Industry Performance Executive Summary Key External Drivers Current Performance Industry Outlook Industry Life Cycle Products & Markets Supply Chain Products & Services Major Markets Globalization & Trade Business Locations Competitive Landscape Market Share Concentration Key Success Factors Cost Structure Benchmarks Barriers to Entry Major Companies Operating Conditions Capital Intensity Key Statistics Industry Data Annual Change Key Ratios
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MARTINSBURG - Residents of the greater Martinsburg area were invited to a grand opening celebration at the new Berkeley County Sheriff's Office on Saturday afternoon to learn more about the building and tour the facility.
The 36,000 square-foot building, located at 510 S. Raleigh St., was formerly a Martin's grocery store. According to Doug Copenhaver, president of the Berkeley County Council, remodeling the entire building cost less than $90 per square foot.
The new sheriff's office houses a locker room with showers, holding cells, training classrooms and an evidence processing lab.
Journal photo by Mary Stortstrom
Berkeley County Council president Doug Copenhaver passes the ceremonial scissors to Berkeley County Sheriff Kenny Lemaster at the ribbon cutting marking the grand opening of the new Berkeley County Sheriffs Office at 510 S. Raleigh St.
Approximately 79,000 feet of data cable run through the building, which is electronically connected to the judicial center and the Dunn Building across the street.
According to Copenhaver, the project went over its $3 million budget, but, he said, the result was better quality work.
"We actually went over budget, probably about $60,000, because our budget was $3 million," he said. "I asked the council for a $60,000 buffer, but we ended up doing about 20 percent more work. Our original plan was just to have the front facade redone, but we did all four sides and we added a courtyard on the south side. It was about 20 percent more work, better quality stuff and only three percent extra that we asked for, and I don't think we're going to use it all."
"The outfitting budget was $250,000, and I believe that's going to come under. We were under the $3 million price tag and we were under the $250,000 last time we looked at the numbers, which was two weeks ago. We've been working so hard to get the building done that we're going to look at it again and catch up with it in a few weeks," he said.
The project was partially funded through Community Participation Grants, and according to Copenhaver, the grants accounted for less than $100,000 of the total budget. The rest, he said, was financed through a local bank.
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Grand opening of Berkeley County Sheriff's Office celebrated
Kitty Hawk, North Carolina (PRWEB) February 28, 2014
Outer Banks vacation rental home provider, Seaside Vacations, would like to announce the addition of Life of Reilly to their rental home program. Located in the well-known town of Kitty Hawk, North Carolina, the home features four bedrooms, two and a half bathrooms, and enough space to sleep eight guests.
This house is situated on a quiet street in the popular vacation town of Kitty Hawk and visitors can easily access the beach thanks to a private neighborhood path, said Gloria Land, Property Manager at Seaside Vacations.
Life of Reilly features keyless entry, high speed internet, linens and towels, and offers vacationers spectacular views of the Atlantic Ocean and Albemarle Sound thanks to the spacious third-floor deck.
The property owners of Life of Reilly did a fantastic job with decorating the home. Designed with an open floor plan, cathedral ceilings, a sunroom, and recreation area, this home has everything you need for an unforgettable vacation with friends or family on the Outer Banks of North Carolina," says Land.
Life of Reilly also boasts a backyard volleyball court, a basketball goal at the end of the driveway, and a large outdoor shower - a staple for any vacation rental home on the Outer Banks.
Guests interested in staying in Life of Reilly or any other house in Seaside Vacations vacation rental home program should contact Seaside Vacations at 877.892.8668 or visit their website, outerbanksvacations.com.
About Seaside Vacations: Founded in 1990, Seaside Vacations is a family-owned and operated full-service property management and vacation rental home provider located on North Carolinas Outer Banks. Offering a wide variety of Outer Banks vacation home rentals from cozy condominiums to large private homes, choose from over 400 Outer Banks vacation rentals.
To learn more about Seaside Vacations, please call 866.884.0267 to speak to a vacation specialist, or visit http://www.OuterBanksVacations.com to view properties, book a vacation, or learn more about vacationing on the Outer Banks of North Carolina.
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Seaside Vacations Welcomes Kitty Hawk Vacation Rental Home Life of Reilly to Their Outer Banks Property Management ...
The Gte TerreCiel in Baie-St-Paul, Charlevoix, is as revolutionary as a B&B can be in 2014, and it is also as homespun as any guest house of 1914. (TerreCiel is one word because it is a play on the synergy of Earth-sky and yin-yang.)
The revolution begins with the fact that TerreCiel is one of the few lodging establishments in North America that accepts payment in bitcoin, the new digital currency.
Why add this option in addition to good, hard cash and reliable credit cards? I asked the B&Bs owner, David Mancini, who is a 30-year-old former computer programmer.
I think its the future of currency, he explained. And bitcoin is better than credit cards because there are no transaction fees, in most cases.
For my guests from other countries, it will mean convenience and savings. They can eliminate paying charges on currency exchanges and travellers cheques and they dont have to carry cash.
TerreCiel hasnt had any bitcoin clients yet, possibly because most of the world is still trying to figure out how to use it. You can buy bitcoins at an ATM on St-Laurent Blvd. in Montreal or at such Web sources as http://www.localbitcoins.com or http://www.cointrader.net.
You create an online wallet on your computer or cellphone (but not an iPhone), and once you have deposited bitcoins (similar to filling a PayPal account with dollars), you do an e-transfer to Mancinis wallet. If your B&B room costs about $100, and one bitcoin equals $700 Canadian (a recent exchange rate), you would pay about 15 per cent of a bitcoin. The value fluctuates wildly, but it has increased overall at about five-fold during the past six months.
TerreCiel operates on another revolutionary fiscal principle. The B&B has a price list for its accommodations during the high season, from June through October.
The rest of the year, people pay what they want, Mancini said, but only if they book through our website, which 95 per cent of our clients do. If they come to us any other way, by phone or through Booking.com or Hotels.com, they pay the list price.
It is a little crazy, but it works. Most people voluntarily pay a fair market price.
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Bitcoin and home-baked bread at Charlevoix B&B