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
CROWDTHERMAL is an EU Horizon 2020 funded project, developing alternative funding schemes for geothermal energy.
1. Are you interested in geothermal?
CROWDTHERMAL is analysing the perception of geothermal energy and will develop a public engagement approach making extensive use of social media.
2. Would you like to participate in geothermal projects?
CROWDTHERMAL will formulate new financial models for crowdsourcing, promoting alternative financing of geothermal projects in close collaboration with existing structures & conventional players.
3. What are the risks related to geothermal projects?
CROWDTHERMAL will formulate recommendations for a novel risk mitigation scheme that will be complementing the alternative financing solutions while protecting the interests of private investors.
4. What can we do to support your project?
CROWDTHERMAL e will prepare a decision tree algorithm with guidelines for the developers and promoters of geothermal energy.
All this will be put into practice in three case study areas in Hungary, Iceland and Spain in order validate the deployment of the CROWDTHERMAL toolbox.
Two recent EU policy reforms can help to boost CROWDTHERMAL endeavours.
On 28th September 2020, the CROWDTHERMAL Consortium held its second meeting of the year 2 of the project. The objective was to follow up on the Advisory Board Meeting held on the 16th September 2020.
On 16 September 2020, the CROWDTHERMAL project held its first Advisory Board workshop in order to validate outcomes of the first project year. The Advisory Board gathers experts from the geothermal, financial and social side.
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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