geothermal

Climeon Receives First Contract in Japan

0
Swedish company, Climeon, has taken its first step into the geothermal market in Japan with an order for four Heat Power modules to be purchased by Baseload Capital Sweden on the behalf of a newly started Heat Power operator. The order value amounts to just over €2 million ($2.3 million), plus service fees and software licenses.
Climeon Receives First Contract in Japan
Courtesy of Climeon

The newly started Heat Power operator will be jointly owned by a number of Japanese stakeholders and Baseload Capital Sweden.

“The energy situation in Japan represents a unique possibility for Climeon and we are incredibly pleased with this first step into the Japanese geothermal heat power market,” said Thomas Öström, CEO of Climeon.

“Our technology is a perfect fit, the availability of hot water is great, and the electricity prices are high. This enables us to contribute to increasing the sustainable electricity production with good profitability and at low risk,” continued Öström.

The modules are to be delivered during 2019 and are expected to be put into operation the same year. Climeon's role in the project is as a supplier, but the company also owns 20 percent of Baseload Capital Sweden, which was formed to finance investments in geothermal heat power.

Since Fukushima nuclear power plant accident, Japan's domestic energy production has decreased significantly, which is why more than 90 percent of all primary energy is imported. Most of this is fossil. To accelerate the shift towards local green electricity, the Japanese government has introduced economic incentives and simplified the requirements for permits and surveys.

Japan is located in one of the world's most active volcanic areas and has many hot springs around the country, from which geothermal heat power can be extracted. Today, only just over 2 percent of its known geothermal energy resources are utilized.

Add a comment
¡Suscríbete!
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).