An alternative solution that can meaningfully replace natural gas and increase its share in the domestic energy mix.
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In essence, it is still a sleeping giant, even though it knows everything necessary for a more liveable, safer future: it is geothermal energy. However, it exploits a fraction of the potential of Hungary thermal water to harness. The mission of the EU-Fire Group is to awaken the giant from its dream and to provide energy to communities, cities and industry with sustainable solutions, at affordable prices, guaranteeing security of supply.
The EU-Fire Group founded its geothermal division in 2006 and has become a leading player in the market: it knows all the steps of creating a geothermal system in depth, and from the conception of the idea to the transfer of the heating system, it effectively manages and complicates the research, technical, legal and, of course, the financial ones.
In the case of the latter, it is important to mention that in order to be successful in financing geothermal projects, the EU-Fire Group, on the one hand, has built fruitful relations with domestic and international banks, investors and venture funds, and on the other hand, it has accumulated considerable experience on how to effectively raise public and European Union tender funds, up to the volume of billions. Geothermal energy has become extremely valuable in recent months, as the war in Ukraine has made energy dependence a bitter reality of everyday life, as has the unbridled increase in gas prices.
The EU-Fire Group offers a solution whose cost is predictable, constant and cheaper; which is work-proof, because it is not affected by production difficulties; which guarantees security of supply; with which a city saves millions of cubic meters of gas and thus does not destroy its air with many thousands of tons of carbon dioxide.
One of the major cities in Western Hungary is about to switch its district heating system to geothermal energy – in partnership with the EU-Fire Group. As a result of the long-term cooperation, the city’s dependence on gas will be reduced and its future will become more livable.
It will soon be revealed how the EU-Fire Group will make use of its well in Kiskunhalas. So far, it has not been able to take action on the well drilled years earlier because it has been hampered by regulation. Now, deep in the well, an alternative is visible that is suitable for both thermal energy and power generation.
The geothermal system of the EU-Fire Group provides the heat in most of the city’s district heating apartments. While the district heating company in Mátészalka does not have to burn 1 million cubic meters of gas and energy dependence is easing, the environment can breathe a sigh of relief.
