APM Holding banks on hot water instead of black oil

APM Holding is investing in geothermal technology in a move to support the transition away from coal and gas. "The potential is too great to not be pursued," says Samir Abboud, who heads the project at APM Holdings.

"There is of course no guarantee that we will succeed, however the potential is too great to not be pursued,” says Samir Abboud, head of the geothermal project at APM Holding. | Photo: A.P. Møller Holding

by DANIEL LOGAN

APM Holding will invest in the exploration of geothermal energy as a potential heating source on a large-scale in Denmark.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Norway's first electric airplane takes off
For subscribers
EU Commission decides in favor of Velux – rejects complaint of unfair competition
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

European Energy CEO Knud Erik Andersen is pleased with a successful sale to Japanese Mitsui. | Foto: Gregers Tycho

Cleantech

European Energy and Mitsui finalize solar farm and Power-to-X transaction

The sale to the Japanese trading company received stamp of approval from the EU Commission in August, and the deal is now finalized.

For subscribers

From left: Elizabeth Press, moderator and Director of Planning and Program Support, Ingrid Reumert, SVP and Head of Global Stakeholder Relations at Ørsted, Morten Dyrholm, Group SVP for Marketing, Communications & Public Affair at Vestas, Shamini Selvaratnam, Associate Director at Ocean Conservancy, and Ben Backwell, CEO at GWEC. | Foto: Consulate General of Denmark in New York

Renewables

Offshore wind players: Crucial to speed up the pace of project permitting

For subscribers

Tommy Larsen is the CEO and founder of Weptos. | Foto: Weptos

Renewables

Wave energy developer warns: China could take the helm if Europe doesn't wake up

For subscribers

Wind turbine manufacturer Nordex's CEO, José Luis Blanco, will have some extra on his plate for the next 18 months. | Photo: Nordex

Renewables

Nordex CEO becomes chairman of Wind Europe

Patrick Pouyann, CEO of Totalenergies. | Foto: Jason Leysner/AFP/Ritzau Scanpix

Oil & Gas

TotalEnergies CEO: Unreasonable to ban Russian LNG sooner than 2025

For subscribers

"In my view, the two shipowners’ sustainability pact could be the nucleus of a wider shipping industry representative body," says Philip Damas from consultancy house Drewry. | Foto: Pr / Cma Cgm

Renewables

CMA CGM and Maersk will need help in new green lobbying alliance

For subscribers

European Energy: TotalEnergies partnership is stepping stone towards more markets
European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.
For subscribers
FLSmidth: The mining sector's reputation blocks the green transition
Problems attracting talent to the industry, which extracts critical minerals such as lithium and cobalt, could make it difficult to meet green energy targets, according to the equipment manufacturer.
For subscribers
Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms
The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.
For subscribers
Havfram dismisses offshore wind crisis: Not worried about Ørsted contract
”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.
For subscribers
Alm. Brand Group CEO: The offshore wind sector needs to get profitability in place
Alm. Brand Group will continue to insure offshore wind farms, says the CEO, who explains, however, that projects will now be sorted to a greater extent.
For subscribers
New digital tool for CO2 capture: Can tell when it's most profitable
Together with Verdo and the Technical University of Denmark, the Alexandra Institute has developed a new tool that calculates when it is most profitable to operate a CO2 capture plant.
For subscribers

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers

Utilities

European Energy: TotalEnergies partnership is stepping stone towards more markets

European Energy envisions its entry into several markets after entering into a partnership with one of the world’s largest oil and gas companies.

For subscribers

OCEAN WIND OPTIMISTIC: Havfram CEO Ingrid Due-Gundersen dismisses the notion that the offshore wind industry is experiencing its first crisis. | Photo: Harald Amdal

Renewables

Havfram dismisses offshore wind crisis: Not worried about Ørsted contract

”If projects disappear, we manage to pick up other projects on the market,” Havfram CEO Ingrid Due-Gundersen tells EnergyWatch.

For subscribers

Semco Maritime has once again teamed up with KK Wind Solutions. | Foto: Ørsted

Renewables

Ørsted selects Semco Maritime and KK Wind Solutions for German OSW farms

The two Danish companies have joined forces on a service contract for Borkum Riffgrund 1 & 2 and Gode Wind 1 & 2.

For subscribers

The tool was developed in collaboration led by Verdo, but it will be made available to other CHP plants. | Foto: Brian Karmark

Policy & Trading

New digital tool for CO2 capture: Can tell when it's most profitable

Together with Verdo and the Technical University of Denmark, the Alexandra Institute has developed a new tool that calculates when it is most profitable to operate a CO2 capture plant.

For subscribers

US-based Tidewater operates the largest fleet of offshore vessels in the North Sea after acquiring Solstad Offshore's fleet. | Foto: Pr/tidewater

Renewables

Analysts: Not enough offshore vessels to serve record number of projects

2024 could be the biggest investment year ever for the North Sea oil and gas market, but shipping companies do not have enough service vessels to handle the demand, says Intermodal.

For subscribers