Think GeoEnergy
Summary
The communities of Vaterstetten, Grasbrunn, Haar, and Zorneding in Bavaria, Germany, all located east of Munich, have officially founded a new company called Geo Energie München Ost (GEMO) to work on an inter-communal geothermal heating project.
This development has been in the works for a long time with talks of a collective geothermal district heating project centered in Vaterstetten starting back in 2020. In 2022, the municipal council of Vaterstetten passed a resolution for the execution of a geothermal heating project and followed up with an appeal for funding from the State of Bavaria.
The founding of the company was signed by all four town hall representatives: Leonhard Spitzauer from Vaterstetten , Andreas Bukowski from Haar, Klaus Korneder from Grasbrunn, and Piet Mayr from Zorneding. Markus Porombka and Tobias Aschwer were assigned as Managing Directors.
The new company will build and operate a geothermal district heating system that runs across the four communities. The startup capital of the company is EUR 500,000, with 45% coming from Vaterstetten, 25% from Grasbrunn, 20% from Haar, and 10% from Zorneding. The actual financial requirement for the geothermal project is EUR 50 million to be split in the same manner.
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