References

Client

EU Commission, Directorate-General For Energy And Transport DIRECTORATE D - New Energies & Demand Management
Avenue du Bourget, 1
1049
Brussels
Belgium

Information

The project purpose is to develop an integrated feasibility study on installing small-scale geothermal power plants in Hungary combined by heating and balneological use through cascading system, providing a model for extended application throughout the Accession Countries and the EU-15. The wider objectives are: contribution to sustainable development, contribution to GHG targets and compliance with Directive 2001/77 /EC on RES. For CEE countries there may be a strong interest in the utilisation of existing geothermal potential for energy production leading towards sustainability and more independent (self-sustained) energy market. End-users from EU Member States would likely be interested in the investment possibilities in the CEE “geothermal market”.
 

The results will provide a direct predecessor of geothermal renewable energy investments in Hungary and throughout Europe (EU-15 [25]), where applicable. The idea of small-scale geothermal power plants can be a new opportunity for these markets and worldwide, as well. This is a strong tool for achieving local sustainability and decentralisation and also can be applied at remote territories. It will create new investment opportunities for EU businesses, which are presently losing their good position on the worldwide geothermal markets against the US and Japanese competitors.

The developments create new opportunities also for other sectors, such as balneology, eco-tourism, which are environmentally friendly, service-intensive ways of creating profit and have an especially positive aspect, when applied in countries, where polluting and inefficient, energy-intensive heavy industry, must be maintained for social (employment) reasons.

Description of actual services provided by the staff within the assignment:

  • Elaboration of technical and economic feasibility study
  • Preparation of study about policy and ownership barriers for investitures
  • Elaboration and investigation on the environmental impacts of cascaded energy use