Google spun out a new company that heats your home with geothermal energy

Astro Teller, head of the Google X lab, wearing a pair of Google GlassFlickr/TechcrunchAstro Teller, head of Alphabet’s X division.

X, the “moonshot” division of Google’s parent company Alphabet, has spun out a new geothermal heating and cooling company called Dandelion, the company announced Thursday.

Dandelion comes from a previously undisclosed project at X that began two years ago. It will be run as a separate company outside the Alphabet umbrella and has raised $US2 million in funding.

Dandelion claims it can affordably drill and install geothermal systems to heat and cool homes, which is usually a very expensive process. The company is based in New York City and plans to provide services to qualified homes in New York state.

X works on several moonshot projects for Alphabet, including delivery drones, high-altitude balloons that beam internet to earth, and wind turbines that generate power. Waymo, Google’s former self-driving car division, spun out of X last year as a new company under Alphabet.

Get the latest Google stock price here.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.