Swedish company, Climeon, has received its first major order for a geothermal power plant in Germany. On November 29, 2017, Climeon entered a LOI with Geoenergie Kirchweidach and now GEK has decided to proceed and placed an order valued at over €5 million ($6.2 million). The order marks an important step in replacing fossil fuels with a sustainable geothermal baseload.
The deal enables GEK to utilize the excess heat of the geothermal plant that today delivers heat to the local greenhouse business and the city of Kirchweidach. The geothermal resource was originally identified through the exploratory drilling for oil and gas in the area.
The modular Climeon Heat Power system will work in conjunction with the heating and it is estimated by the company that the first phase will annually deliver 14,000 MWh of electricity to the grid. The order is for 16 modules, with an option for GEK to order additional modules in a second phase. Baseload Capital Sweden AB will be involved in the financing of the deal.
Unlike other renewable energies, such as wind and solar, geothermal heat power is in service day and night throughout the year. It can provide the same regulating power as coal or oil-fired power plants, offering clean power in quantities large enough to replace fossil energy sources.
The Climeon Heat power system’s ability to create energy from low temperature water offers a possibility for extensive use of geothermal energy in most geographical areas. The deaI with GEK shows that geothermal heat power could play a major role in Germany’s strong commitment to shift into sustainable, clean energy solutions.
“The high efficiency combined with the modular solution made the Climeon heat power system the obvious choice for GEK. With this project we take an important step to begin providing clean Geothermal heat power to the beautiful municipality of Kirchweidach and later on to entire Germany,” said Wolfgang Hageleit, Founder GEK.
”We are very excited with this breakthrough order. Germany is leading renewable energy in Europe and geothermal heat power especially at low temperatures has every property to become the dominating source of renewable energy,” added Thomas Öström, Founder and CEO of Climeon.