Thermal Energy AG
The growth of the world economy and the rapid industrialisation of the new developing economies, during the last two decades have led directly to a greater global demand for energy. Two factors, certainly since the turn of the century, have set the agenda for strategic energy political policy. The first is the dwindling reserve levels of fossil fuels and the need for alternatives. The second is the growing socio-political awareness of the impact fossil and nuclear fuels have on the global environment. These two factors have combined in re-defining the energy strategy of the world’s major economies. This can be evidenced by Germany’s decision to move totally away from nuclear power by 2022, and its decision to legislate for an improved renewable energy feed-in tariff structure for 2012 (Erneuerbare Energie Gesetz – EEG). By international agreement, targets have been set and ratified between governments towards a greater development and reliance on renewable energy sources.
Company details
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- Business Type:
- Service provider
- Industry Type:
- Geothermal Energy
- Market Focus:
- Internationally (various countries)
About Us
Thermal Energy AG is a company providing a unique investment opportunity in Geothermal Energy, for value investors with industrial renewable and alternative energy focus. Covering the full value chain from concept and equity finance to completion and operational management, the Company:
- Manages the Development and operational management of “turn-key” utility-sized geothermal power facilities
- Is the owner of concession licences for the development of geothermal energy projects
- Has an investment strategy to develop a portfolio of projects in existing and newly acquired concession areas
- Possesses a unique combination of geothermal, equity and operational expertise in DACH and other markets
- Has a strategic focus upon cost leadership
- Access to licenses in the most favourable and optimum geological locations
- Established consortium of companies from the geothermal and associated engineering and software industries forming a network partnership
Introduction
In this Europe, and in particular Germany, has taken the world lead, setting for itself, in 2007 a series of very challenging commitments towards renewable energy reliance. Globally, the most sophisticated and far-sighted renewable energy legislation has been implemented in Germany.
Within the context of renewable and alternative energy, Geothermal is recognised as being unique. It is able to provide a stable base load (24/7) supply of energy independent of climatic, daytime or seasonal conditions. It is also a secure source of energy with a value chain within its market of production and consumption and thus, untroubled by external political instability.
The potential of geothermal energy is enormous. According to a German government study, it has potential of contributing up to 60% of Germany’s electricity consumption.
Thermal Energy AG, possess a unique combination of geothermal, industry and equity expertise. The Company is strongly positioned to realise the economic and social benefits, as well as potential of deep-sourced geothermal energy within its core market in Germany, Austria and Switzerland (DACH), where a well-rooted understanding and demand for sustainable and environmentally low impact energy exists.
Strategic Focus
With an investment strategy for the develop of a portfolio of deep-sourced, geothermal energy projects, in existing and newly acquired concession areas, the strategy of Thermal Energy AG is encapsulated within four main ambitions:
- Market leader by 2020: cost leadership and value chain optimization
- Primary project market DACH
- Selected other geographical markets
- Geothermal and industry partnership network
Our Mission:
For the benefit of stakeholders, Thermal Energy AG proposes:
- To work closely with all project stakeholders, including local community, government and regularity authorities, to ensure an efficient and transparent working relationship
- To economically and socially harness the enormous but under-utilised potential of geothermal energy.
- To maximise the benefits of its geothermal and industry partnership network
- To be a cost leader.
- To enhance the value of the project portfolio to the benefit of stakeholders