Innargi and Veolia Group partner for geothermal heating in Lódz, Poland

Signing of the letter of intent between Innargi, Veolia Energia Polska, and Veolia Energia Lódz in Lódz, Poland (source: Innargi via LinkedIn)

Danish geothermal developer Innargi has signed a letter of intent with local companies Veolia Energia Polska and Veolia Energia Lódz to jointly launch a project for the exploration and utilization of geothermal resources in the city of Lódz (pronounced “wooj”) in Poland. The parties envisage a long-term partnership which may result in the supply of approximately 200 MW of geothermal energy.

“Our goal is to provide residents with clean, stable heat that is resilient to the volatility of energy markets,” said Luiz Hanania, CEO of the Veolia Group in Poland and President of the Management Board.

“Veolia continuously strives to introduce green solutions and the geothermal project is a proof of our commitment to an efficient energy transition and aligns very well with our global GreenUp strategy. Geothermal is another project we want to carry out with the City of Lódz in the area of district heating and the environmental challenges facing both the energy industry and local governments.”

Innargi once again comes to the project with their “geothermal energy as a service” business model. This means that Veolia will not bear the high investment costs associated with exploration of the resource, infrastructure construction, and operations. By reducing financial and operational risks, Innargi seeks to make geothermal a more accessible and attractive alternative for district heating operators.

“There are many advantages of geothermal heating, but its use in European district heating systems has so far remained limited due to financial and geological barriers,” said Samir Abboud, CEO of Innargi.

“We see Lódz as a key location on the geothermal investment map. I am sure that our offered business model makes it possible to introduce geothermal into the transformation process of Veolia’s district heating systems.”

Lódz becomes the second Polish territory in Innargi’s portfolio after the signing of a similar agreement (also with Veolia Energia Polska) in Poznan in early 2023. The company is currently at the construction phase of a heating plant for their first geothermal heating project in Aarhus, Denmark.

Source: Innargi