(Bloomberg) — The heat held in New York’s underground labyrinth of infrastructure, from hundreds of miles of subway tunnels to parking garages and malls, is a clean energy gold mine. Now, a Swiss startup wants to tap it to heat and cool buildings, all without drilling a single borehole. Globally, heating accounts for nearly half of all energy consumption. That could make decarbonizing it a half-trillion-dollar market, according to a BloombergNEF analysis. Using the Earth’s heat offers one route to cut emissions, but traditional geothermal projects can be costly and require space to operate drilling equipment, making them a poor fit for cities. Startup Enerdrape’s system uses energy-harvesting panels in manmade underground spaces, though, which could allow it to gain a toehold in cities. The Swiss company focuses on older multifamily buildings, which are harder to decarbonize than newer builds. In New York, residential structures built before 1960 make up more than 64% of the housing stock, though not all of it is well-suited for the panels. “There really aren’t many companies doing this,” said BNEF analyst Stephanie Diaz. “They are truly a novel approach in how to decarbonize buildings,” though the company will have to figure out how to scale its technology to work with a wide variety of buildings. Enerdrape’s technology is the product of decades of research spearheaded by Lyesse Laloui, a professor at the Swiss Federal Institute of Technology at Lausanne. A five-time startup founder, he’s spent the last 15 years tackling the question of how to turn underground structures into energy sources. Initially, he created a solution for new construction, but realized that it only addressed a small part of the decarbonization puzzle compared to existing buildings. He and his team developed a prototype heat-exchanging panel in 2015. Enerdrape’s panels affix to concrete infrastructure, which can hold large stores of heat. (Think of how hot a subway station gets in the summer, for example.) Enerdrape taps that heat using a system of prefabricated panels that absorb geothermal energy from the ground or the air. Even when underground spaces aren’t sweltering, the ground temperature, at several feet of depth, stays relatively constant throughout the year. During the summer, Enerdrape’s system uses the underground as a heat sink to absorb a building’s heat and cool it. In the winter, it does the opposite, using the ground like a battery to warm things up. The system requires installing one panel for roughly every 110 square feet (10 square meters) of a building’s floor area. The panels are connected to heat-transferring fluid, working in tandem with one or more heat pumps. “Enerdrape moves heat from where it’s not needed to where it is,” co-founder and Chief Technology Officer Alessandro Rotta Loria said. Rotta Loria, who was Laloui’s former PhD student, likened it to an underground solar panel th in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. 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A new startup is utilizing subterranean parking facilities to generate clean energy.
