Geothermica - era net cofund geothermal
Europe is challenged to increase the share of renewable energy for heating and cooling, industrial processes, power generation and energy storage. Geothermal energy is a vastly under-utilized indigenous, clean, low footprint and continuously available energy resource, and thus uniquely positioned to substantially contribute to a safe and secure energy supply of Europe’s Energy Union. Hitherto only utilized in choice markets and in only a few geographical regions, GEOTHERMICA’s objective is to combine the financial resources and know-how of 16 geothermal energy research and innovation programme owners and managers from 13 countries, to launch joint actions that demonstrate and validate novel concepts of geothermal energy utilization within the energy system and that identify paths to commerciality. Joint actions comprise joint calls and coordination activities, which will strengthen Europe’s geothermal energy sector by building a tightly interconnected and well-coordinated network of European funding agents. For a first joint call, some € 30 million will be made available for a small number of major demonstration projects. Joint calls will have a strong industry participation with a targeted 50% contribution towards work programs and budgets of successful proposals. In addition to joint programming and joint calls, a number of additional activities will be undertaken to develop shared and deep knowledge, to promote operational excellence, to exchange good practices in the realm of support policies, and to define strategic recommendations related to long-lasting and durable joint pursuits of research and innovation. Ultimately, a strong public sector will complement the research and innovation community as well as Europe’s geothermal industry sector to build an overall strong European geothermal energy sector ready to contribute to the European Energy Union, the implementation of the SET Plan as specified by the SET Plan Roadmap.