CROWDTHERMAL is a project funded under the European Union’s Research and Innovation programme Horizon 2020 (grant agreement no. 857830) which aims to empower the European public to directly participate in the development of geothermal projects with the help of alternative financing schemes such as crowdfunding and social engagement tools. Project kick-off was in September 2019.
GeoT’s first project deliverables are accessible via the following links:
The international trade fair and congress GeoTHERM 2020 in Offenburg has been adjourned indefinitely. This was announced by Messe Offenburg-Ortenau on 02 March 2020. For more information visit: http://www.geotherm-germany.com/
GeoT is part of
the consortium of the newly launched project CROWDTHERMAL which started on
September 1, 2019.
CROWDTHERMAL is a new project funded under the
European Union’s Research and Innovation programme Horizon 2020 (grant
agreement n°857830) which aims to empower the European public to directly
participate in the development of geothermal projects with the help of
alternative financing schemes such as crowdfunding and social engagement tools.
The 36-months project has held its kick-off meeting in Brussels, on 23 and 24
September 2019. One of the major drivers of CROWDTHERMAL is to support the EU’s
strategic objective to decrease dependence on fossil fuels, to create a stable
energy market, and to reduce the environmental impact of its energy supply.
In order to reach this goal, the project aims at:
requirements for social licencing and developing a Social Licence to Operate
(SLO) model for the different geothermal technologies and installations,
Reviewing any successful
case studies, as well as national/EU bottlenecks to alternative financing of
geothermal energy in all EU countries,
financial models for crowdsourcing on a national and trans-national basis,
covering individual member-states and Europe as a whole;
recommendations for a novel risk mitigation scheme that will be complementing
the alternative financing solutions while also protecting private investors’
Validating findings with
the help of three case studies in Iceland, Hungary and Spain;
Developing core services
for social-media based promotion and alternative financing of geothermal
projects, working closely with existing structures & conventional players.
Led by the European Federation
of Geologists (EFG), CROWDTHERMAL will be implemented by a consortium of 10
partners from 7 European countries, combining extensive experience in large-scale
geothermal project development, alternative finance, social media engagement,
innovation, education, and international networking on geothermal energy.
Within the CROWDTHERMAL
consortium, GeoThermal Engineering GmbH (GeoT) will liaise with relevant
ongoing geothermal risk mitigation schemes as well as project developers in
order to perform a demand analysis for geothermal risk mitigation in the
context of alternative financing schemes. GeoT will identify new types of risks
that can be associated with alternative financing methods and social engagement
and will propose mitigation tools. GeoT will then propose a draft structure of
an auxiliary and alternative pathway to risk mitigation aligned with the
instruments brought forward by CROWDTHERMAL. GeoT will also contribute to the
economic assessment of the proposed new risk mitigation mechanism.
The second well at the United Downs Deep Geothermal Power (UDDGP) project in Cornwall, England, was successfully completed at the end of June 2019. The well UD-2 has a final depth of 2,393 m MD / 2,214 m TVD. Having reached the Porthtowan Fault Zone, UD-2 will serve as the injection well. The production well UD-1 with a depth of over 5 km has already been completed in April earlier this year.
results from drilling the two wells are promising in terms of encountered
temperature (around 190 °C at the bottom of UD-1) and the occurence of natural
fractures. To properly evaluate the fault structure and well condition and to
assess how much geothermal energy can be harnessed from the system, a series of
measurements and hydraulic tests will be carried out, likely taking place from
August 2019 to March 2020. This will include further geophysical logging
measurements and the collecting of sidewall cores.
With its expertise in geothermal reservoir modeling, GeoT is contributing to the UDDGP project through the framework of two research projects S4CE (Science 4 Clean Energy) and MEET (Multidisciplinary and multi-context demonstration of EGS exploration and Exploitation Techniques and potentials), which receive funding from the Horizon 2020 EU framework program for research and innovation.
More information and the latest news on these projects can be found here:
The United Downs Deep Geothermal Project (UDDGP) in Cornwall, England has reached its target depth on 23.4.2019. The well UD-1 has a depth of 5275 m MD / 5057 TVD.
Over the next days, geophysical logs and hydraulic tests will be run in order to give an indication of the target structure’s permeability. Subsequently, the rig will be moved to start drilling the second well UD-2.
GeoT contributes its reservoir modelling expertise to the United Downs project within the framework of two projects (S4CE / MEET) under the Horizon 2020 EU framework program for research and innovation. S4CE is the abbreviation for Science4CleanEnergy and MEET stand for Multidisciplinary and multi-context demonstrationof EGS exploration and Exploitation Techniques and potentials.
After years of preparation, drilling started yesterday for the United Downs Deep Geothermal Power Project in Cornwall, Great Britain.
GeoT is part of two H2020 research projects dealing with the United Downs project: S4CE (Science4CleanEnergy) and MEET (Multidisciplinary and multi-context demonstrationof EGS exploration and Exploitation Techniques and potentials).
This September and October, German project developer Deutsche ErdWärme (DEW) fullfilled its promise to decommission the old geothermal well in Bellheim (Rhineland-Palatinate, Germany) before starting a new geothermal project in this region. The P&A operations have now been completed.
Since 2015, GeoT has been the geological-technical consultant of DEW. This September / October, GeoT was supervising the P&A operations in Bellheim as representative of DEW.
The German Geothermal Association (BVG) and the Turkish Geothermal Power Plant Investors Association (JESDER) have signed a cooperation agreement to intensify the promotion of business opportunities and work on technological development in both countries. Last Friday, Dr. Horst Kreuter, CEO of GeoT and special representative of BVG, and Ali Kindap, President of JESDER signed the agreement as part of the state visit of German Federal Minister for Economic Affairs and Energy, Peter Altmeiner to Ankara, Turkey.
During his stay hin Turkey, Dr. Horst Kreuter also signed a cooperation agreement as CEO of the Geothermal Group Germany GmbH with Remzi Gür, owner of MASPO Enerji, a Turkish geothermal development company.
The 7th African Rift Geothermal Conference (ARGeo) will be taking place from 29 October to 4 November 2018 in Kigali, Rwanda. East Africa’s largest geothermal conference will bring together project developers, investors and government authorities. The conference includes numerous presentations and workshops as well as a post conference field trip.
GeoT will be represented at ARGeo-C7 by Dr. Horst Kreuter and Dr. Michael Kraml.