Reykjavík Energy and a group of 17 partners across Europe have received a EUR 16 Million grant from the Horizon 2020 Research and Innovation programme. The funding contributes to the GECO project, GECO standing for “Geothermal Emission COntrol”.
The project will advance the provision of cleaner and cost-effective geothermal energy across Europe and the World with reduced emissions of carbon and sulphur. The core of this project is the application of an innovative technology, recently developed and successfully demonstrated at a pilot-scale in Iceland, which can limit the emissions from geothermal plants by condensing and
re-injecting gases in the subsurface or turning them into commercial products.
GECO aims to increase public acceptance and generalize this novel approach. To that end, the reinjection method will be applied in four distinct geothermal systems in four European countries:
- a high temperature basaltic reservoir in Iceland;
- a high temperature gneiss reservoir in Italy;
- a high temperature volcano-clastic reservoir in Turkey; and
- a low temperature sedimentary reservoir in Germany.