Innargi inks first international contract

The Danish geothermal energy developer and extractor embarks on first project abroad in a deal with Polish utility Veolia Energia Polska.
Photo: Pr Innargi
Photo: Pr Innargi

Up until now, Innargi’s sole focus has been within domestic geothermal developments, but a new deal with Polish Veolia Energia Polska furthers foreign ventures, the company reveals in a statement.

Together, the two companies intend to explore the potential for 100MW of geothermal energy for district heating in the country’s fifth largest city, Poznań.

“It is our ambition to be the benchmark company for the energy transition process. For this reason, we are focused on diversifying our energy mix to include renewable resources,“ says Frederic Faroche, Veolia Group CEO in Poland.

Innargi CEO Samir Abboud is cited saying that McKinsey research has revealed geothermal energy to potentially cover 33% of heat demand of district heating systems in Poland by 2045.

”We expect that the pioneering geothermal project in Poznań will demonstrate the substantial potential of geothermal energy for large district heating systems in Central and Eastern Europe,” says Abboud.

”For years, we have been cooperating closely with the Poznań City Council in a joint effort to develop pro-environmental and innovative solutions. Thanks to the City’s openness to initiatives serving the local community, we have so far been able to implement a number of investments advancing decarbonization,” says Jan Pic, CEO and General Manager of Veolia Energia Poznań.

Poznań Mayor Jacek Jaśkowiak is eager for the project to pull through, and he looks forward to the partnership.

Innargi and Veolia have already begun assessing the potential. If positive results are to come from it, a fully operational facility is expected to emerge within a five-year timespan.

Innargi are currently developing facilities on Danish soil. According to the company, the 111MW facility underway in Aarhus is the largest in EU.

Innargi was founded in 2017 and is owned by A.P. Moller Holding, ATP and NRGi.

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