Nordic real estate investment company NREP and Logicenters will build the world’s first deep geothermal well with seasonal storage capability in Espoo in cooperation with the energy industry start-up QHeat. The project pilots a new, nearly emission-free energy solution for large real estate, producing as much as 40 times the heat energy of traditional geothermal heating.
The deep geothermal well developed by QHeat is a medium-depth geothermal well drilled to the depth of approximately two kilometres and can heat and cool large real estate areas or regional grids with near-zero emissions. The solution enables emission-free geothermal heating in growing urban areas, as well, as it is well suited to dense housing areas and groundwater areas. The pilot is carried out at the NREP Logicenters’ logistics property in Espoo, and it is estimated to reduce the property’s CO2 emissions by as much as 90 per cent. The project is set to be completed by the end of November.
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From the Global Geothermal News archives:
From the Global Geothermal News archives:
- Monday, April 1, 2019 - Finland: Oil Company is Behind 40 MWth Espoo Geothermal District Heating Project
- Friday, February 15, 2019 - Finland: How the 15,000 Foot Deep Wells At the Espoo Geothermal District Heating Project Were Drilled
- Tuesday, July 24, 2018 - Finland: Stimulation Begins at at the Espoo Geothermal Deep Heat Project
- Monday, April 23, 2018 - Finland: Drilling at 40 MWth Espoo Geothermal District Heating Project Reaches Final Depth of 6,400 Meters
- Tuesday, May 10, 2016 - Finland: Drilling Starts for 40 MWth Espoo Geothermal District Heating Project
- Monday, December 1, 2014 - Finland: Large Scale Geothermal Energy District Heating Project to be Built in Helsinki Suburbs