geothermal

Climeon Scores First Geothermal Order in Hungary

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Swedish clean-tech vendor, Climeon, has won its first order within geothermal heat power in Hungary, entering a new geographical market. The Heat Power modules were purchased by Baseload Capital Hungary and the order value amounts to about  SEK 9 million ($938 thousand), excluding service fees and software licenses..
Climeon Scores First Geothermal Order in Hungary
Courtesy of Climeon

“The potential for geothermal heat power in Central and Eastern Europe is large, and in the past months we have been investigating the potential of several countries in the area. I am happy to announce that we have now won our first order in Hungary, a country with a long tradition of utilizing geothermal water for spas,” said Thomas Öström, CEO of Climeon.

Mannvit, a well-known engineering company within the geothermal industry, and Cam Consulting will participate in the licensing process and the construction of the power plant. The Heat Power modules are to be delivered in 2019 and will produce electricity from an already existing geothermal well in Szentes, in southeastern Hungary.

“Hungary has a huge geothermal potential. Until recently, profitable electricity production from this resource was only feasible in a few locations. Now with Climeon's technology, it seems that there is a way to spread this type of electricity production to more parts of the country, and we are welcoming them in utilizing the power production possibilities of our existing wells in Szentes”  said Imre Szirbik, Mayor of Szentes.

“This order is a strategically important step for further Heat Power projects in Central and Eastern Europe and will contribute to creating a greener Europe,” concluded Öström.

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