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Haagse Aardwarmte Leyweg

In November 2019, Kyotherm signed an investment protocol governing – over the period 2019-2025 – the financing of Perpetuum Energy Partners. Perpetuum Energy Partners is a Dutch company founded in 2013 specializing in the deep geothermal sector.

Perpetuum Energy Partners develops, owns and operates geothermal doublets located in the Hague region; this activity is developed in collaboration with local partners. In the Netherlands, deep geothermal energy is strongly supported by the government, in particular through a subsidized tariff. This follows the decision to phase out all natural gas extraction. As a result, the number of deep geothermal units is set to rise sharply in the coming years. The geothermal potential of the Hague region is one of the most promising in the Netherlands. In addition, several heating networks exist in The Hague, and the municipality is committed to replacing the heat sources supplying these networks with renewable sources.

Perpetuum Energy Partners has already set up its first geothermal project

The first geothermal doublet developed by Perpetuum Energy Partners and its partners will be commissioned during 2020. It is Haagse Aardwarmte Leyweg. It will eventually supply around 20 GWh/year of thermal energy to The Hague’s southwest district heating network via a long-term contract with Eneco.

This partnership with Perpetuum Energy Partners is a unique opportunity for Kyotherm to pursue its growth in deep geothermal infrastructures in Europe. In particular, Kyotherm is contributing to the energy transition in the Netherlands.

Kyotherm supports energy project owners (energy services companies, engineering firms, developers, heat consumers, equipment manufacturers) by structuring and third-party financing their projects in the following sectors: geothermal, biomass, biogas, solar thermal, waste heat recovery, energy savings, cogeneration…

Find out more about the sectors concerned by Kyotherm financing.