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.
CROWDTHERMAL is an EU Horizon 2020 funded project, developing alternative funding schemes for geothermal energy.
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.
- Understand the requirements for social licencing and develop a Social Licence to Operate (SLO) model for the different geothermal technologies and installations,
- Review any successful case studies, as well as national/EU bottlenecks to alternative financing of geothermal energy in all EU countries,
- Formulate new financial models for crowdsourcing on a national and trans-national basis, covering individual member-states and Europe as a whole;
- Develop recommendations for a novel risk mitigation scheme that will be complementing the alternative financing solutions while also protecting private investors’ interest;
- Validate findings with the help of three case studies in Iceland, Hungary and Spain;
- Develop core services for social-media based promotion and alternative financing of geothermal projects, working closely with existing structures & conventional players.
The Icelandic Crowdthermal partners Eimur and GEORG are hosting a conference on the 14th of September in Húsavík, Iceland. The conference will be streamed and openly accessible to those who register.
CROWDTHERMAL launches Beta-version of its services empowering the European public to participate in the development of geothermal projects
Brussels I July 2022 I The Horizon 2020 funded CROWDTHERMAL project launches its set of core services for communities of citizens, geothermal project developers and local authorities with a view to facilitating the involvement of citizens in the development of geothermal energy projects.
Webinar: How to evaluate and take into account public perception in geothermal district heating and cooling projects
The EU-funded CROWDTHERMAL project and the COST Action CA18219 'Research network for including geothermal technologies into decarbonized heating and cooling grids – Geothermal-DHC' co-organised the webinar 'How to evaluate and take into account public perception in...
CROWDTHERMAL First International Conference: Introducing our services for community-funded geothermal projects
On 7 April 2022, the CROWDTHERMAL project organised its first international conference with a view to introducing its services for community-funded geothermal projects to the public.
The CROWDTHERMAL project officially ended in December 2022 and the research team therefore summarised key recommendations in two factsheets addressing National authorities and the EU as well as Project developers and Local authorities.
CROWDTHERMAL developed a set of core services which intend to support project developers, local authorities and communities that are interested in developing geothermal projects using alternative finance methods.
Learn more about these services in our video!