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
Svitzer joins the A.P. Moller Group
We are happy to welcome Svitzer as a stand-alone company to the A.P. Moller Group.
Letter from the CEO
In connection with the publication of A.P. Moller Holding’s Annual Report 2023, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.
Annual Report 2023
A.P. Moller Holding enjoyed strong cash inflow and experienced an increase in net asset value in 2023 despite headwinds in global trade