Think GeoEnergy
Summary
An opening ceremony was recently held for the Zugló Geothermal District Heating project in Budapest, Hungary. The goal of the project is to expand the capacity of an existing geothermal well to supply the Zugló district heating network, providing 31,898 GJ of heat per year. The project is expected to be operational by May 2027.
The cost of the project is expected to be around HUF 805 million (approx. EUR 2 million). It is being co-financed by the Hungarian government and the Budapest Public Utilities (Budapesti Közmuvek), which is investing funds from the Swiss Fund. As the Swiss Ambassador to Budapest, Jean-Francois Paroz explained, the “Geothermal Energy Sources for District and Urban Heating” program was launched at the end of last year as part of the Swiss-Hungarian cooperation program.
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