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Slovakian Geothermal Company Locks in $8M investment

In Climate, Tech With Purpose News by Scott

Related to UN SDG:
united nations sustainble development goal - UN SDG  7
Living in Slovakia for a few years, it is clear how community heating plants have played, and continue to play a significant role in heating homes and industries.

The idea of community energy is going through a revival nowadays, driven by a focus on renewable energy sources. Geothermal is one such renewable energy candidate.

Slovakian geothermal drilling company, GA Drilling, states that 30% of the energy sector’s CO2 emissions could be cut by 2040 through the use of geothermal energy to create electricity and heating.

Geothermal is also being touted as a path towards more sustainable direct air capture (DACS) carbon removal technologies, such as Climeworks whose Orca plant relies on the geothermal energy from Iceland.

I’d be keen to see how GA Drilling helps open possibilities for these plants across the European continent.

#ClimateAction #CleanTech #carboncapture #dacs #ccs #geothermal

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Scott is an Independent Technology Analyst, Content Writer and Connector of interesting people. Scott is a technologist at heart, with a history of technology innovation and marketing leadership roles. As the founder of this website and several other businesses, he is passionate about helping technology companies communicate their relevance and awesomeness in a way that engages and excites everybody. Get in touch with Scott here or connect with him on LinkedIn. Learn Scott's tips for content marketing, download his free template here..