20 June 2018
Geothermal energy
A.P. Moller Holding brings geothermal energy into play – it has potential to cover 30% of Denmark’s district heating supply
“We believe that geothermal energy can be as important for the green transition of our heating supply as wind has been for electricity! For the consumers, this means renewable heating in their radiators – similar to the renewable electricity in their power sockets. For our society, this means bringing a large renewable energy source into play and thereby supporting the phasing out of coal and gas. Geothermal energy can supply our houses with heating from the subsurface 365 days a year regardless of whether the sun is shining or the wind is blowing.”
“Geothermal energy is a naturally occurring energy source and can play a key role in Denmark’s green transition. There is of course no guarantee that we will succeed, however the potential is too great to not be pursued.”
News from the A.P. Moller Group
Letter from the CEO
In connection with the publication of A.P. Moller Holding’s Annual Report 2025, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.
Annual Report 2025
A.P. Moller Holding delivered satisfactory results in 2025
A.P. Moller Holding leads the $60 million Series C equity financing in Upway
Upway is a leading e-commerce platform for buying refurbished e-bikes, driving the transition to sustainable urban mobility.
“We are excited to support Upway on its journey to revolutionize the global market for refurbished e-bikes. Upway’s ability to industrialize second-hand e-bike refurbishment and deliver the highest level of customer trust globally truly sets them apart. Today’s investment also reflects our confidence in Upway’s sustainable and scalable business model that aligns with our commitment to sustainable, long-term growth,” said Chetan Mehta, Head of Growth Equity at A.P. Moller Holding.