The system will be installed at Geoenergie Kirchweidach’s (GEK) original oil and gas infrastructure located in the German city of Kirchweidach. The geothermal resource was originally identified in the process of an explorational drill for oil and gas in the area.
As per the order which is valued at €5m, Climeon will supply 16 units in the first phase, with an option for GEK to order additional modules in the second phase.
Additional order could add another 6,000MWh of electricity to the grid, taking the total power generation to 20,000MWh annually. Baseload Capital Sweden will be involved in the financing of the deal.
Climeon founder and CEO Thomas Öström said: “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.
“GEK is with their extensive experience in the field the perfect partner to make sure the European entry is successful and can be scaled further. This deal, just like the ones we already have with Iceland and USA, again proves our competitiveness and we see now that we can be key player in the transition from fossil fuels to renewable energy.”
Climeon claims that its heat power System has the ability to generate electricity from low temperature water, offering a possibility to extend the use of geothermal energy in most geographical areas.
The company says that this deal could play a major role in supporting the country’s commitment to reduce carbon emissions and in its transition to low carbon economy.
GEK founder Wolfgang Hageleit said: “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.”
Image: Officials of Climeon and GEK after the deal has been struck. Photo: Courtesy of Climeon.
