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CROWDTHERMAL SIGNED

Community-based development schemes for geothermal energy

Total Cost €

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EC-Contrib. €

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Partnership

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Project "CROWDTHERMAL" data sheet

The following table provides information about the project.

Coordinator
FEDERATION EUROPEENNE DES GEOLOGUES 

Organization address
address: RUE JENNER 13
city: BRUXELLES
postcode: 1000
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country Belgium [BE]
 Total cost 2˙305˙801 €
 EC max contribution 2˙305˙801 € (100%)
 Programme 1. H2020-EU.3.3.2. (Low-cost, low-carbon energy supply)
2. H2020-EU.3.3.7. (Market uptake of energy innovation - building on Intelligent Energy Europe)
3. H2020-EU.3.3.3. (Alternative fuels and mobile energy sources)
 Code Call H2020-LC-SC3-2019-RES-IA-CSA
 Funding Scheme CSA
 Starting year 2019
 Duration (year-month-day) from 2019-09-01   to  2022-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    FEDERATION EUROPEENNE DES GEOLOGUES BE (BRUXELLES) coordinator 480˙625.00
2    CROWDFUNDINGHUB BV NL (AMSTERDAM) participant 285˙000.00
3    LA PALMA RESEARCH CENTRE FOR FUTURE STUDIES SL ES (SANTA CRUZ DE LA PALMA) participant 278˙750.00
4    IZES GGMBH DE (SAARBRUECKEN) participant 257˙676.00
5    GEOTHERMAL ENGINEERING GMBH DE (KARLSRUHE) participant 238˙250.00
6    UNIVERSITY OF GLASGOW UK (GLASGOW) participant 216˙750.00
7    GEOPLAT ES (MADRID) participant 183˙750.00
8    GEORG-RANNSOKNARKLASI I JARDHITA IS (REYKJAVIK) participant 131˙875.00
9    EIMUR IS (AKUREYRI) participant 120˙625.00
10    SZEGEDI TAVFUTO KORLATOLT FELELOSSEGU TARSASAG HU (SZEGED) participant 112˙500.00

Map

 Project objective

CROWDTHERMAL aims to empower the European public to directly participate in the development of geothermal projects with the help of alternative financing schemes (crowdfunding) and social engagement tools. In order to reach this goal, the project will first increase the transparency of geothermal projects and technologies by creating one to one links between geothermal actors and the public so that a Social Licence to Operate (SLO) could be obtained. This will be done by assessing the nature of public concerns for the different types of geothermal technologies, considering deep and shallow geothermal installations separately, as well as various hybrid and emerging technology solutions. CROWDTHERMAL will create a social acceptance model for geothermal energy that will be used as baseline in subsequent actions for inspiring public support for geothermal energy. Parallel and synergetic with this CROWDTHERMAL will work out details of alternative financing and risk mitigation options covering the different types of geothermal resources and various socio-geographical settings. The models will be developed and validated with the help of three Case Studies in Iceland, Hungary and Spain and with the help of a Trans-European survey conducted by EFG Third Parties. Based on these feedbacks, a developers’ toolbox will be created with the aim of promoting new geothermal projects in Europe supported by new forms of financing and investment risk mitigation schemes that will be designed to work hand in hand with current engineering and microeconomic best practices and conventional financial instruments.

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The information about "CROWDTHERMAL" are provided by the European Opendata Portal: CORDIS opendata.

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