In November 2019 Kyotherm signed an Investment Agreement with Perpetuum Energy Partners. Under this engagement, Kyotherm will provide financing to Perpetuum Energy Partners from 2019 to 2025. Perpetuum Energy Partners, a Dutch company established in 2013, is active in the deep geothermal energy sector in the Netherlands.
Perpetuum Energy Partners develops, owns and manages, with local partners, geothermal doublets dedicated to heat production in The Hague region. The coming years will see growing significantly the number of geothermal projects in the Netherlands. In particular this is due to the decision to stop the gas production and thanks to the strong support of the Dutch state (solid subsidy mechanism). The subsurface geology of the Hague region is one of the most promising in the Netherlands. The Hague already has extensive district heating networks currently supplied with gas fired units. Moreover, the municipality of the Hague has engaged a policy of conversion to a sustainable heat generation.
A first project is already in place
The first doublet (Haagse Aardwarmte Leyweg) developed by Perpetuum Energy Partners and its partners will be commissioned in 2020. It will ultimately provide approximately 20 GWh/year of heat to the Southwest Hague heat network through a long-term contract with Eneco.
Kyotherm views this partnership with the experienced Perpetuum Energy Partners team as a unique opportunity to continue growing in the European deep geothermal infrastructure market. A way to contribute actively in the renewable heat transition in the Netherlands.
More about Kyotherm projects.