Friday, June 3, 2016

Mexico: EU Funded GEMex project to Develop Geothermal Energy

EU and Mexico launch the first joint geothermal research project (European Commission)

The three-year project will start in the autumn of 2016. The ultimate objective is to make geothermal energy source cost-effective and affordable both for electricity and heat production.

European and Mexican researchers will work together on tapping into new sources of geothermal energy in the context of GEMex, an international project that was selected in a joint call launched by the European Union and Mexico.

Carlos Moedas, European Commissioner for Research, Science and Innovation, and Pedro Joaquín Coldwell, Mexican Secretary of Energy, announced the result in the margins of the Clean Energy Ministerial Meeting on 2 June in San Francisco.

The EU and Mexico contribute equally to the €20 million project. The EU's share comes from Horizon 2020, its €77 billion research and innovation funding program (2014–2020), and the other from Mexico's Fondo de Sustenibilidad Energética (SENER) - Consejo Nacional de Ciencia y Tecnología (CONACYT).