Innargi, Veolia Energia Polska, and Veolia Energia Lódz will collectively launch a challenge to discover and make the most of the potential geothermal assets in Lódz, Poland.
Danish geothermal developer Innargi has signed a letter of intent with native firms Veolia Energia Polska and Veolia Energia Lódz to collectively launch a challenge for the exploration and utilization of geothermal assets within the metropolis of Lódz (pronounced “wooj”) in Poland. The events envisage a long-term partnership which can consequence within the provide of roughly 200 MW of geothermal vitality.
“Our aim is to offer residents with clear, secure warmth that’s resilient to the volatility of vitality markets,” mentioned Luiz Hanania, CEO of the Veolia Group in Poland and President of the Administration Board.
“Veolia constantly strives to introduce inexperienced options and the geothermal challenge is a proof of our dedication to an environment friendly vitality transition and aligns very nicely with our world GreenUp technique. Geothermal is one other challenge we need to perform with the Metropolis of Lódz within the space of district heating and the environmental challenges going through each the vitality business and native governments.”
Innargi as soon as once more involves the challenge with their “geothermal vitality as a service” enterprise mannequin. Which means Veolia is not going to bear the excessive funding prices related to exploration of the useful resource, infrastructure building, and operations. By lowering monetary and operational dangers, Innargi seeks to make geothermal a extra accessible and enticing various for district heating operators.
“There are various benefits of geothermal heating, however its use in European district heating techniques has to this point remained restricted because of monetary and geological limitations,” mentioned Samir Abboud, CEO of Innargi.
“We see Lódz as a key location on the geothermal funding map. I’m positive that our provided enterprise mannequin makes it potential to introduce geothermal into the transformation means of Veolia’s district heating techniques.”
Lódz turns into the second Polish territory in Innargi’s portfolio after the signing of an analogous settlement (additionally with Veolia Energia Polska) in Poznan in early 2023. The corporate is at present on the building part of a heating plant for his or her first geothermal heating challenge in Aarhus, Denmark.
Supply: Innargi
