Stellantis has unveiled a cutting-edge geothermal system at its manufacturing site in Caen, France, designed to provide sustainable heating and cooling solutions for the facility.
Clean energy technology provider Exergy International has signed an agreement with Maren Maras Elektrik Uretim AS for the supply of two new geothermal power plants in Turkey.
Geothermal energy is rapidly gaining recognition as a sustainable solution for both industrial and residential energy needs, offering significant environmental and economic benefits.
Spurred by economies re-opening after the global pandemic and with fuel supply chains drastically affected by the Russian invasion of Ukraine, the UK has been gripped by an energy crisis since the Autumn of 2021 with energy prices steadily climbing to reportedly be higher than all but three EU states.
The European Union (EU) has made clear its position to wean itself off of Russian gas following the invasion of Ukraine and has made fair progress so far with the share of Russia’s pipeline gas in EU imports dropping from more than 40% in 2021 to around 8% in 2023.
The potential of geothermal energy increases the further down a project goes, allowing it to access hotter resources.