Large-scale geothermal energy projects require experience working with subsurface installations and capital for financing.
A.P. Moller Holding is investing in geothermal energy to bring a hitherto underutilised source of energy into play as part of the green transition of the heating sector.
We have many years’ experience working on large subsurface projects, and it is precisely this extensive experience coupled with major investments that are key to harnessing geothermal energy on an industrial scale to reach prices that are competitive with other heating sources such as biomass.
We have entered into a strategic partnership with Danfoss, a company with expertise in energy and district heating systems, for this project. In so doing, we hope to achieve the most optimal exploitation of geothermal energy for district heating for the benefit of Danish households.
A.P. Moller Holding is owned by the A.P. Moller Foundation and manages the Foundation’s commercial activities.
Learn more at apmoller.comWe supply hot water to your doorstep
We have developed a business model in which we take all the responsibility and risks at every phase of our projects, from the initial test drilling to supplying the warm water to the district heating company. That way, both the district heating companies and their customers can be certain that there will be no unanticipated added costs even if things do not go as planned.
Project development
In the first phase we develop a custommade solution for the city in question, apply for an underground license and finalise the heat supply contracts.
Exploration
In the second phase, we obtain permissions from the authorities to drill exploration wells with the purpose of exploring underground, evaluating the results and sending subcontracts an offer.
Construction phase
In the third phase we design and construct the geothermal plants and their wells. Each plant takes approx. three months to establish and will be adjusted to its surroundings.
Operation and maintenance
The fourth phase covers the technical operation. This means that we monitor and maintain wells and pumps, protect the reservoirs and ensure delivery of full heat potential.