Geothermal energy in Colorado has gained traction through innovative initiatives like the “Heat Beneath Our Feet” campaign and notable projects such as the Mt. Princeton geothermal plant. These endeavors signify the state's commitment to exploring and leveraging its abundant geothermal resources for sustainable energy production.

Heat pumps are revolutionary devices that leverage the principles of thermodynamics to transfer heat from one location to another. Contrary to traditional heating systems that generate heat, heat pumps extract warmth from the environment – air, ground, or water – and channel it into buildings for heating purposes, this can lead to 2 to 3 times the efficiency of ordinary heaters. Operating in a manner akin to a refrigerator, they use a refrigerant to absorb heat from a low-temperature area and release it at a higher temperature.

The electrification of our economy is creating new challenges for energy utilities. The U.S. Energy Information Administration forecasts energy consumption worldwide to grow approximately 50% between 2018 and 2050, with renewables – solar, wind, and hydroelectric power- being the fastest growing energy resources.