COMMUNITY-BASED DEVELOPMENT SCHEMES FOR GEOTHERMAL ENERGY

CROWDTHERMAL project aims to empower the European public to directly participate in the development of geothermal projects with the help of alternative financing schemes (crowdfunding) and social engagement tools. Read more about the concept here.

Introduction

CROWDTHERMAL is an EU Horizon 2020 funded project, developing alternative funding schemes for geothermal energy.

Fact Sheet

Start date: 1 September 2019. End date: 31 August 2022.
Funding: € 2 305 801,25, EU Horizon 2020 programme.
Funding scheme: H2020 Building a low-carbon, climate resilient future, Coordination and support action.

Objectives

 

  1. Understand the requirements for social licencing and develop a Social Licence to Operate (SLO) model for the different geothermal technologies and installations,
  2. Review any successful case studies, as well as national/EU bottlenecks to alternative financing of geothermal energy in all EU countries,
  3. Formulate new financial models for crowdsourcing on a national and trans-national basis, covering individual member-states and Europe as a whole;
  4. Develop recommendations for a novel risk mitigation scheme that will be complementing the alternative financing solutions while also protecting private investors’ interest;
  5. Validate findings with the help of three case studies in Iceland, Hungary and Spain;
  6. Develop core services for social-media based promotion and alternative financing of geothermal projects, working closely with existing structures & conventional players.

Latest News

Two days Geothermal Brussels events

Two days Geothermal Brussels events

The Two days Geothermal Brussels events took place on the 4th and 5th of February with more than 60 participants from different European countries. The event was dedicated to the review geothermal technologies state of the art in Europe. CROWDTHERMAL was represented...

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This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement nº 857830.

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