Geothermal growth and its position in vitality transition was one of many main matters throughout a Spherical Desk occasion hosted by the Croatian Hydrocarbon Company.
Geothermal vitality was one of many major matters throughout a current Spherical Desk held in Croatia tackling sustainability, alongside discussions on hydrogen and different decarbonization applied sciences. The dialogue on geothermal vitality was led by Marijan Krpan, President of the Administration Board of the Croatian Hydrocarbon Company (AZU).
Talking on the introduction of the “EUSAIR Power Spherical Desk on Hydrogen, Geothermal Power and New Applied sciences,” Krpan stated that the company has began an vitality transition from hydrocarbons in direction of renewable vitality sources since 2018. This has turn out to be extra vital within the current years because of geopolitical implications and pure challenges which have lowered hydrocarbon manufacturing.
As a part of the Spherical Desk occasion, a “Way forward for geothermal vitality” panel was held with the participation of Martina Tuschl, Director of the Geothermal Power Sector. Tuschl stated that having accessible nicely knowledge accessible to AZU for potential areas for geothermal growth considerably scale back the dangers and prices of preliminary analysis for geothermal tasks, thus making them extra engaging to potential traders.
The Republic of Croatia, by the efforts of AZU, have made nice strides in geothermal growth up to now years. The Act on Exploration and Exploitation of Hydrocarbons, handed in 2013, offered the authorized framework for the regulation of geothermal vitality, thus making the entire course of acceptable and clear for traders.
A number of weeks in the past, the Ministry of Economics and Sustainable Improvement of Croatia introduced the issuance of 5 geothermal exploration licenses for the areas of Lescan, Medimurje 5, Pcelic, Sjece, and Kotoriba. This adopted a young for the six geothermal exploration block administered by the AZU that ran from December 2022 to June 2023.
Different panels within the Spherical Desk have been “Hydrogen – gasoline of the long run” and “New applied sciences in decarbonization context.” Croatia additionally has potential for geological storage of carbon dioxide in each depleted oil and gasoline reservoirs and deep saline aquifers. All these topics are a part of the trouble of the AZU to remodel and rebrand the company by turning to greener alternate options and renewable energies.
Supply: AZU
