25 October 2022
Foundation laid for geothermal energy in metropolitan Copenhagen
With the ongoing European energy crises, it has become even more important to develop the fourth large renewable energy source, geothermal, which can supply millions of European homes with local, green and price stable heating
Today, the geothermal energy company Innargi, established by A.P. Moller Holding in 2017, has entered a framework agreement with VEKS, CTR and HOFOR to deliver geothermal district heating to metropolitan Copenhagen. Innargi is already planning to build Europe’s largest geothermal district heating facility in Aarhus, and this new agreement paves the way for the next large scale facility in Denmark.
“First and foremost, this means even more green, stable in price district heating for a great many customers. But the geothermal energy project in metropolitan Copenhagen will also make geothermal energy an attractive source of energy for many medium sized district heating companies nearby.”
In EU, heating accounts for 432 million tons of greenhouse gas emissions every year. Geothermal district heating can play a key role in transforming the European heat supply and thereby contribute to solving the energy crisis. In Germany alone, geothermal has the potential to cover up to 25% of the district heating.
News from the A.P. Moller Group
A.P. Moller Holding combines Maersk Supply Service with DOF Group and creates Maersk Offshore Wind
A.P. Moller Holding has entered into an agreement to combine its subsidiary Maersk Supply Service A/S with Norwegian DOF Group ASA (DOF Group) to create a leader supporting the offshore oil and gas industry. Maersk Supply Service’s innovative wind offshore installation concept will remain owned by A.P. Moller Holding as an independent offshore maritime company named Maersk Offshore Wind, focusing the growing global offshore wind installation market.
A.P. Moller invests in Tenderd
Tenderd is a global leader in digital transformation for heavy equipment management and operations.
Chetan Mehta, Head of Growth Equity at A.P. Moller Holding, said: “Tenderd is a leader within telematics solutions with a platform that offers real-time visibility and insights for heavy equipment across a range of industries. Their solutions enhance operational efficiencies, improve safety and mitigate carbon emissions. We are excited to be investing in Tenderd and we look forward to contributing to their continued growth.”
Novo Holdings and A.P. Moller Holding back CIRCTEC, a leader in pyrolysis for sustainable end-of-life tyre recycling, in a €150 million financing round
Novo Holdings and A.P. Moller Holding have enabled a €150 million fundraise for CIRCTEC by leading with a €75 million equity investment. Financing includes €22.5 million of grants awarded by the Government of the Netherlands.