Geothermal improvement and its position in power transition was one of many main subjects throughout a Spherical Desk occasion hosted by the Croatian Hydrocarbon Company.
Geothermal power was one of many most important subjects throughout a current Spherical Desk held in Croatia tackling sustainability, alongside discussions on hydrogen and different decarbonization applied sciences. The dialogue on geothermal power was led by Marijan Krpan, President of the Administration Board of the Croatian Hydrocarbon Company (AZU).
Talking on the introduction of the “EUSAIR Vitality Spherical Desk on Hydrogen, Geothermal Vitality and New Applied sciences,” Krpan stated that the company has began an power transition from hydrocarbons in the direction of renewable power sources since 2018. This has turn into extra vital within the current years because of geopolitical implications and pure challenges which have decreased hydrocarbon manufacturing.
As a part of the Spherical Desk occasion, a “Way forward for geothermal power” panel was held with the participation of Martina Tuschl, Director of the Geothermal Vitality Sector. Tuschl stated that having accessible nicely information accessible to AZU for potential areas for geothermal improvement considerably cut back the dangers and prices of preliminary analysis for geothermal initiatives, thus making them extra enticing to potential buyers.
The Republic of Croatia, via the efforts of AZU, have made nice strides in geothermal improvement previously years. The Act on Exploration and Exploitation of Hydrocarbons, handed in 2013, offered the authorized framework for the regulation of geothermal power, thus making the entire course of acceptable and clear for buyers.
A couple of weeks in the past, the Ministry of Economics and Sustainable Growth of Croatia introduced the issuance of 5 geothermal exploration licenses for the areas of Lescan, Medimurje 5, Pcelic, Sjece, and Kotoriba. This adopted a young for the six geothermal exploration block administered by the AZU that ran from December 2022 to June 2023.
Different panels within the Spherical Desk had been “Hydrogen – gasoline of the longer term” and “New applied sciences in decarbonization context.” Croatia additionally has potential for geological storage of carbon dioxide in each depleted oil and gasoline reservoirs and deep saline aquifers. All these topics are a part of the hassle of the AZU to rework and rebrand the company by turning to greener alternate options and renewable energies.
Supply: AZU