Test bores could be carried out at the River Leven in a search for geothermal heat.
If a heat source is found, businesses at Vale of Leven Industrial Estate and residents in adjacent social housing could benefit from cheap energy.
The move is the brainchild of Steven Szostak, project director at Strathleven Regeneration CIC.
As an initial step, the community interest company has employed an international sustainable energy company - Vital Energi - to assess the viability of using a heat pump district heating system to benefit occupants of Strathleven Regeneration owned sites and surrounding housing areas.
An assignment lasting 22 weeks will allow Vital Enegi and partner Star Renewable of Glasgow to build on the expertise it employed when delivering the successful Queens Quay district heating system in Clydebank.
Steven said: “This is our first step in assisting the Scottish Government to achieve its demanding low carbon targets and this will be the first time anywhere combined technology will be used in this way.
"It is also significant that the River Leven will form a major part of this idea.
"The second step will be the feasibility of boring for geothermal heat in collaboration with the Low Carbon Infrastructure Transition Programme.”
Well known for an innovative approach, the board of Strathleven Regeneration CIC has already delivered innovation in conjunction with brand names such as the Walker Group, Eurogarages and Costa - all clearly visible at their site just next to the busy A82.
The organisation says its board and employees refuse to rest on their laurels, with innovation its guiding principle.
They want to be able to offer low-cost green heat to local industrialists along with bigger energy discounts to residents in the social housing that surrounds their land.
Scott Lutton of Vital Energi said: “We are delighted SRCIC asked us to help them assess the viability of low carbon district heating in the Lomondgate and Vale of Leven area.
"There is no doubt river sourced heat pumps can become a key part of the 'race to zero' commitment of the Scottish government.
"It is great to work with a property developer in Strathleven with such a strong commitment to community benefit and the low carbon agenda."
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