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15 March 2023

Innargi signs first contract in Germany

The geothermal energy company Innargi is going to investigate geothermal district heating in Kiel

Today, Innargi has signed an agreement with Stadtwerke Kiel to investigate the potential for geothermal district heating. The investigation is expected to be completed by the end of 2023 and if successful, Innargi is to build and operate several geothermal heating plants in Kiel.

“If we want to succeed in transitioning our energy sector, new tools must be used – and geothermal energy can play an important role in the heat supply of the future. Together with Stadtwerke Kiel, we are now investigating the potential for geothermal district heating, and I am convinced that in a few years, we will be able to make an important contribution towards the green transition of Kiel’s heat supply.”
Samir Abboud, CEO of Innargi

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.