Latest news
France announces simplification measures for geothermal permitting
France’s Ministry of the Economy, Finance, Industrial and Digital Sovereignty has announced measures to simplify the mining procedures related to geothermal energy, CO2 storage, and critical minerals. Among other improvement, the new measures aim to cut the permitting time by half for exclusive research permits related to geothermal projects.
read more... 16/04/2024
Munich, Germany aims for CO2-neutral heating by 2040, primarily with geothermal
Munich city utility Stadtwerke München (SWM) has laid out a plan for the heating transition in Munich, Germany that aims to establish CO2-neutral heating by 2040 at the latest, ahead of the 2045 target set by the federal government. With much of this capacity to come from geothermal, SWM is undertaking the expansion of heating networks, new geothermal projects, and additional drilling.
read more... 26/03/2024
EU Parliament calls for European strategy on geothermal energy
A resolution adopted by EU lawmakers calls for a European strategy to accelerate the deployment and investment in geothermal energy.
read more... 23/01/2024
EUR 195M guarantee fund approved for deep geothermal projects in France
The European Commission has approved under EU state aid rules a French aid scheme to set up a guarantee fund for deep geothermal operations. The fund will be implemented for a period of 10 years and may provide compensation for deep geothermal projects, providing some protection against the risk linked to the high degree of uncertainty of deep geothermal resources during drilling.
read more... 10/08/2023
Stellantis, Vulcan Energy to develop renewable energy assets in Germany
Automaker Stellantis has teamed up with lithium group Vulcan Energy Resources to develop geothermal energy projects in Germany to help decarbonise production of electric vehicles at Rüsselsheim, the two companies said on Tuesday.
read more... 18/01/2023