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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.”
Samir Abboud who is in charge of the geothermal energy project in i A.P. Moller Holding
“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.”
Samir Abboud continues

News from the A.P. Moller Group

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.

Svitzer joins the A.P. Moller Group

We are happy to welcome Svitzer as a stand-alone company to the A.P. Moller Group.