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1 February 2023

International breakthrough for Innargi

The geothermal energy company Innargi has taken a large step towards expanding large scale geothermal heating across Europe

Today, Innargi has signed an agreement with Veolia to explore the potential for geothermal district heating in Poznań, Poland. Introducing geothermal energy will contribute to decarbonise district heating and improve the air quality in Poznań – and potentially many other cities.

“We expect that the pioneering geothermal project in Poznań will demonstrate the substantial potential of geothermal energy for large district heating systems in Central and Eastern Europe. According to McKinsey research, geothermal energy has the potential to cover heat demand of 33% of district heating systems in Poland by 2045. Geothermal is not dependent on weather conditions, such as wind or sun. Once in operation, geothermal plants are pollution-free, quiet and discrete. They don’t require large spaces and blend well into the urban landscape.”
Samir Abboud, CEO for Innargi

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