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
Facts in brief
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

Funding scheme:
• European Federation of Geologists
• Institute for Future Energy Systems
• University of Glasgow
• GeoThermal Engineering GmbH
• La Palma Research Centre
• CrowdfundingHub
• SZETÁV
• Spanish Geothermal Technology
• Platform
• GEORG – Geothermal Research
• Cluster
• Eimur
Objectives
  • 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.

Latest News

First Geothermal District Heating and Cooling Day event: “Bringing Geothermal heating and cooling networks closer to the people”

First Geothermal District Heating and Cooling Day event: “Bringing Geothermal heating and cooling networks closer to the people”

The Geothermal District Heating and Cooling Day intends to connect science and society by presenting recent developments and prospects, supporting the interlinking of stakeholders across Europe and jointly addressing present challenges and barriers for the deployment of geothermal energy supported heating and cooling networks in Europe.

Learn more about
CROWDTHERMAL’S

Concept

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Approach

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Vision

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Team

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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.’
© Copyright: CROWDTHERMAL project consortium