GE Launches #GeoSpring™ – Its Most Energy-Efficient, Hybrid Electric Water Heater
Earlier this year, GE Appliances opened its GeoSpring™ Hybrid Water Heater manufacturing facility at Appliance Park in Louisville, Ky. – the first new plant to open there since 1957. The $38 million investment in the new product line and a revitalized facility was the first milestone in commitments GE has made to invest a total of $1 billion – $800 million in Louisville – and create more than 1,300 new jobs in the U.S. by 2014. The new product and other recent investments at Appliance Park has also created hundreds of highly skilled salaried jobs in fields like engineering, industrial design and manufacturing as well as hourly operator positions.
Lean manufacturing and a more competitive wage structure for new employees led to the selection of Louisville as the production site for the new water heater instead of China, where an earlier version of the product was made. Not only is the new product now be made more competitively in the U.S., the GeoSpring Hybrid Water Heater, developed by the Louisville team, it has an enhanced feature set, offers better performance with greater energy savings and is more affordable for consumers.
The GeoSpring Hybrid Water Heater combines energy-saving heat-pump technology with traditional electric heating elements. Hybrid technology absorbs heat in the ambient air and transfers it into the water. Since this requires much less energy than the energy used to generate radiant heat – as used in a conventional electric tank water heater – the GeoSpring Hybrid Electric Water Heater is more economical to operate.
The new GeoSpring Hybrid Electric Water Heater uses about 1830 kWh per year.* It saves approximately $325 per year, less than half the cost of a conventional electric water heater — that’s $3,250 in savings in energy costs over a 10-year period based on 10.65 cents per kWh, which means the new GeoSpring will pay for itself in less than 2.5 years.
The GeoSpring is available at national retailers as well as many local retailers and distributors. For more information on features and availability, click here.
*Based on DOE test procedure and comparison of a 50-gallon standard electric tank water heater using 4879 kWh per year vs. the GeoSpring Hybrid Water Heater using 1830 kWh per year.