The 100-Year Energy Asset Hiding Under Cities | Brightcore Energy

Former NHL All-Star Mike Richter leads Brightcore Energy, building energy-efficiency and geothermal systems for commercial and municipal buildings.Geothermal basics - Uses stable ~55°F ground temp as thermal battery; far more efficient than air-source systems in extreme tempsMarket gap - <1% adoption in North America vs ~25% in Northern Europe; demand exists, deployment is the bottleneckReal moat - Directional drilling (800 ft, tight spacing) + in-house design enables dense urban installs; ops advantage > techGeology matters - Bedrock (e.g., Manhattan schist) lowers cost; sand and landfill increase complexity and capexFinancing wins deals - Energy-as-a-Service + 40–50% tax credits remove upfront cost barriers; nonprofits now eligibleCapital strategy - Took outside capital to fund equipment + long sales cycles; dilution vs bigger pie tradeoffFounder lesson - Transitioning domains requires humility; persistence beats speed in infrastructure markets--Work with mePrivate CEO group for VC/PE-backed climate tech founders navigating capital, strategy, and scale. Capped at 45 CEOs. → entrepreneursforimpact.comNewsletter3 decisions, 2 minutes. Climate finance, strategy, leadership. → entrepreneursforimpact.substack.comLeave a reviewIf you got value, take 30 seconds and do the community a favor. It helps push more capital and talent toward scalable climate solutions.