Enhancing Geothermal Internationalisation: GEE Insights and Recommendations
The Geo-Energy Europe project shares valuable experience in promoting geothermal internationalisation, highlighting challenges in exporting geothermal energy and offering recommendations to accelerate EU geothermal competitiveness through capacity building and innovation. Learn more about the global geothermal market, barriers to geothermal exports, and strategies to support European companies in accessing new markets.
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Presentation Transcript
The Geo-Energy Europe experience in promoting geothermal internationalisation Virginie Schmidl , AFPG Secretary General, GEODEEP The GEO-ENERGY EUROPE project was funded by the European Union s COSME Programme under Grant Agreement N 951195.
Overview of the global geothermal market Globally geothermal power is a more important sector Demand for European know-how on innovative electricity technology and growing global demand for heating and cooling expertise District heating and cooling Geothermal heat pumps
Exporting geothermal energy Geothermal technologies are typically not a commodity product Export of specific components is more straightforward (e.g. well casing), and there is a global market for some components Geothermal resource risk: a barrier to development even steeper when it comes to exports drilling can represent between 40-70% of total project costs, compounded by the impact of risk on financing costs overall (with CAPEX representing 80-95% of total). Difficulty for international companies to access the right information in new markets, and provide the right services: balancing costs and innovation
GEE recommendations to accelerate EU geothermal internationalisation Capacity building to consolidate a European industry The national fragmentation is a barrier on the global stage, preventing a maximisation of the competitiveness potential of the European renewable industry. Innovation plays a major role in the global competitiveness: a strong internal demand is crucial to enable international opportunities Lack of available vehicles, structures or mecanisms to accompany internationalisation of European companies (national structures exist in some Member States)
GEE experience in capacity buildings for internationalisation
GEE experience in accompanying SMEs in target countries
Contacts & resources Follow us on: Twitter LinkedIn Website Find out the latest press releases and publications GEO-ENERGY EUROPE s Profile on the European Cluster Collaboration Platform For media enquires, to receive logo, graphic resources and other information material contact: Valeria Mazzagatti (EGEC), v.Mazzagatti@egec.org The GEO-ENERGY EUROPE project was funded by the European Union s COSME Programme under Grant Agreement N 951195.
