Functions are being accepted for funding for deep geothermal tasks in Austria below the Local weather and Vitality Fund.
The Federal Authorities of Austria through the Local weather and Vitality Fund (Klima und Energiefonds) has introduced a EUR 10-million funding program to help deep geothermal tasks. The tender is presently already open and can shut on the thirtieth of June 2024.
Extra info on the tender is accessible on the official information doc (in German).
The funding program is aimed toward using deep geothermal vitality to produce district heating and cooling networks, renewable electrical energy era, and the elevated use of deep geothermal vitality in industrial processes. The target of the funding program is to scale back the danger of discovery in improvement drilling and make deep geothermal vitality tasks extra investment-ready.
As a part of the funding program, complete research are supported that embody technical and financial feasibility and the site-specific deep geothermal utilization choices based mostly on exploration and investigation measures for open and closed geothermal methods. Tasks with a depth of greater than 300 meters and a deliberate put in minimal thermal output of 1 MW are supported. Funding might be awarded within the type of a non-repayable grant that’s paid out after the challenge accounting.
The entire funding quantity is split into 5 thematic modules:
- MODULE 1 – Primary preliminary research (EUR 150,000)
- MODULE 2 – Feasibility research (EUR 850,000)
- MODULE 3 – Exploration (EUR 3 million)
- MODULE 4 – Pilot drilling (EUR 6 million)
- MODULE 5 – Citizen and public participation and data occasions
“Though geothermal vitality is a well known vitality supply, it’s presently nonetheless used to a restricted extent. Its improvement is an important lever for a profitable warmth transition and, as a regional renewable vitality supply, geothermal vitality will play an vital position in Austria’s future vitality provide,” acknowledged Bernd Vogl, Managing Director of the Local weather and Vitality Fund.
There are presently a number of efforts underway to develop geothermal tasks in Austria. In 2023, Vienna native utility Wien Energie fashioned a partnership with oil and gasoline firm OMV to advance deep geothermal utilization within the higher Vienna space. Extra not too long ago, work has begun on the renovation of the Ernst Happel stadium, additionally in Vienna, which integrates a geothermal and photovoltaic system.
Supply: Klima und Energiefonds
