EnergyWatch

APM Holding banks on hot water instead of black oil

APM Holding is investing in geothermal technology in a move to support the transition away from coal and gas. "The potential is too great to not be pursued," says Samir Abboud, who heads the project at APM Holdings.

"There is of course no guarantee that we will succeed, however the potential is too great to not be pursued,” says Samir Abboud, head of the geothermal project at APM Holding. | Photo: A.P. Møller Holding

APM Holding will invest in the exploration of geothermal energy as a potential heating source on a large-scale in Denmark.

Specifically, the Maersk family's investment unit will use its experience from Maersk Oil to really bring hot water from the underground into Danish heating supply, informs APM Holding in a press release.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

New developer has 11GW offshore wind ready from inception

Profiles from European Energy, Ørsted and Centrica team up to found a new company aiming to develop solar, onshore wind, offshore wind and do power trading. Theres a hole in the market for us right now — in five years it will be closed, says director.

CIP hires Dutch profile

Current CFO at TenneT Otto Jager will join CIP as partner, with a primary focus on flagship funds.

Further reading

Related articles

Latest News

See all jobs