CROWDTHERMAL has been presented in Brussels and in Wuhan, China

CROWDTHERMAL project – empowering society to participate in the development of geothermal – has been presented twice last week.

Firstly at the 4th Workshop of H2020 Geothermal Research and Innovation Projects, organised by INEA. The Deep Geothernal Clustering workshop brought together many innovative EU Horizon 2020 funded projects.

Secondly, Marko Komac, the President of European Federation of Geologists, talked about CROWDTHERMAL in Wuhan, Chine at the EUUS 2019 (1st International Conference on Exploration and Utilization of Underground Space) & Young Scholars Forum (a parallel forum) to approx 70 international participants.

CROWDTHERMAL Kick off Meeting, Brussels

The CROWDTHERMAL project has held its kick-off meeting in Brussels, on 23 and 24 September 2019. CROWDTHERMAL is funded under the European Union’s Research and Innovation programme Horizon 2020 (grant agreement n°857830), and 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. 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.

The main objective of the meeting was to gather all partners and start the implementation of the first three Work Packages:

  • WP1 – Addressing the bottlenecks of public engagement for community-based geothermal development,
  • WP2 – Community-based geothermal energy financing principles,
  • WP3 -Auxiliary and alternative pathways to risk mitigation.

The meeting started with welcoming address, the introduction of each partners, and followed by a presentation by the Coordinator, Isabel Fernández, about the Vision of the project, and its structure, timeline and objectives. The next item was the presentation by INEA’s project officer, Dimitrios SOFIANOPOULOS, who described the EU context and expectations from the project implementation: “high quality deliverables/output, in time”. The next session was dedicated to the introduction of each Work Package.

CROWDTHERMAL project Consortium at the Kick off Meeting, Brussels

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:

The second day was dedicated to three topics. First a round table discussion on WPs 1-6 (Methodology and overall task distribution, Deliverables and Milestones, Communication), as a continuation of the first day. The second topic was the presentation of WP6 – Dissemination and stakeholder involvement, by Anita Stein, EFG. The third topic was the about WP7 – Project Management, introduced by Isabel Fernandez, EFG.

Next time the partners are going to meet in the Canarias, hosted by La Palma Research Centre, around February-March, 2020. By this time the first milestone is intended to be fulfilled: Case study assessment protocol delivered in M6, and Validated by Case Study representatives, approval by Advisory Board.

Until then, stay tuned with the development of the CROWDTHERMAL at the project’s social media channels!


Preparing for the Kick off Meeting

CROWDTHERMAL partners are preparing for the Kick off Meeting, in Brussels on the 23rd and 24th of September. This meeting will gather all partners and will serve as the first internal workshop dedicated to kick-starting WP1 – Addressing the bottlenecks of public engagement for community-based geothermal development, WP2 – Community-based geothermal energy financing principles, and WP3 -Auxiliary and alternative pathways to risk mitigation.


The meeting agenda includes an overview presentation from the Coordinator (Isabel Fernández, EFG), expectations from the Project Officer by INEA, European Commission, and presentations from each Work Package leaders. The main objective of the meeting to gain a common understanding of the tasks and deliverables to be completed, and plan the timely implementation or CROWDTHERMAL.

Work Package connections in CROWDTHERMAL project.

Quick brainstorming just before the Kick off Meeting.

CROWDTHERMAL logo square

CROWDTHERMAL project has just started!

The 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. In order to reach this goal, the project will first increase the transparency of geothermal projects and technologies by creating one to one links between geothermal actors and the public so that a Social Licence to Operate (SLO) could be obtained.


About the Project

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

CROWDTHERMAL will create a social acceptance model for geothermal energy that will be used as baseline in subsequent actions for inspiring public support for geothermal energy. Parallel and synergetic with this, the project will work out details of alternative financing and risk mitigation options covering the different types of geothermal resources and various socio-geographical settings. The models will be developed and validated with the help of three Case Studies in Iceland, Hungary and Spain and with the help of a Trans-European survey conducted by EFG Linked Third Parties.


Based on these feedbacks, a developers’ toolbox will be created with the aim of promoting new geothermal projects in Europe supported by new forms of financing and investment risk mitigation schemes that will be designed to work hand in hand with current engineering and microeconomic best practices and conventional financial instruments.

Project 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. Develop core services for social-media based promotion and alternative financing of geothermal projects, working closely with existing structures and conventional players.

CROWDTHERMAL is organized around 10 partners from 6 countries with extensive experience in geothermal finance, alternative finance, social media, utility service, research, innovation, education, investment, large-scale geothermal project development and international networking on geothermal energy:

EFG will involve its National Association as Linked Third Parties to support the project’s data collection and dissemination efforts. 

  • Belgo-Luxembourg Union of Geologists (Belgium-Luxembourg) 
  • Bulgarian Geological Society (Bulgaria) 
  • Croatian Geological Society (Croatia) 
  • Czech Association of Economic Geologists (Czech Republic) 
  • Professional Association of German Geoscientists (Germany) 
  • Association of Greek Geologists (Greece) 
  • Hungarian Geological Society (Hungary) 
  • Italian National Council of Geologists (Italy) 
  • Polish Association of Minerals Asset Valuators (Poland) 
  • Portuguese Association of Geologists (Portugal) 
  • Serbian Geological Society (Serbia) 
  • Slovenian Geological Society (Slovenia) 
  • Official Spanish Association of Professional Geologists (Spain) 
  • Turkish Association of Economic Geologists (Turkey) 
  • National Association of Professionals in Geology and Mining (Romania) 
  • Ukrainian Association of Geologists (Ukraine) 

The consortium is now preparing for the upcoming Kick off Meeting in Brussels. Stay tuned!