Think GeoEnergy
Summary
Geothermal Baltic OÜ has signed an agreement with Estonian utility company Eesti Energia (Enefit) for a pilot project that will use closed-loop technology to supply geothermal heating to the city of Narva, Estonia. The proposed solution will make use of the Eavor-Loop, the patented closed-loop geothermal technology developed by Eavor Technologies Inc (Eavor).
Geothermal Baltic is a company owned by Estonian investors representing Eavor’s technology in Estonia and other Baltic countries.
Based on the agreement, Geothermal Baltic will be constructing a geothermal test borehole on property owned by Enefit. Depending on the results of the borehole, heat production with a capacity of at least 15 MW can be supplied to the city.
Narva has the second-largest district heating network in Estonia and is currently serving 60,000 residents. Enefit supplies heat to the network at the most affordable price in Estonia – EUR 39.83 per MW. According to Margus Vals, member of the board of Enefit, the success of the pilot project will allow them to supply carbon-free district heating at a reasonable price.
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