The present deliverable reports the activities related to the Task 7.2 - Market Assessment – aiming to carry out a preliminary assessment of the European market for the developed GEOTeCH solutions. A detailed and complete analysis has been performed investigating first the most used conventional solutions for heating and cooling of buildings in Europe. It has been found out that the conventional heating and cooling market is very heterogeneous, composed by many different technologies, and characterized by a low level of efficiency for the installed stock: hence there is a relevant need for modernisation of existing conventional heating and cooling systems. In this context, geothermal represents a renewable energy source with a very important potential of energy savings (up to 70%), addressing the main EU targets and goals for carbon emissions reduction. An overview of the geothermal solutions currently used for heating/cooling of buildings has been provided: shallow geothermal is the largest type (63%) of geothermal energy used in Europe, but many differences between Member States still exist about actual state of deployment of such renewable energy, mainly due to the availability of incentives and financial support schemes. The more mature markets of geothermal installations are Sweden, Germany, France, Switzerland and Norway, which account for around 70% of all installed capacity of the continent. In order to identify the most profitable countries for application of GEOTeCH solutions, the market potential for geothermal heat production has been investigated through ground parameters (geotechnical/geomechanical and thermal properties of the shallow underground), climate and geothermal heat flow data: for each EU country the ‘neutral zone’, as optimal depth to reach when installing BHEs thus to exploit the maximum amount of energy, has been calculated. Profitable markets have been identified with The Netherlands, Denmark, Poland, Belgium, the UK and Germany for their large percentages of territory suitable for application of GEOTeCH drilling technology. The competitor analysis outlines that some companies present in the EU market are starting to offer innovative products for geothermal applications, but the innovation brought from the dry drilling technology developed within the project is actually beyond the state of the art. In every Member State it is envisaged that GSHPs can play an important role for heating/cooling of residential and commercial buildings, reducing requirements for primary energy and carbon emissions. However strong competition exists with ASHPs, more commercialized in the market due to their easiness of installation, lower price and less space occupancy, although GSHPs provide higher efficiencies. Market requirements, opportunities and barriers, plus financial models have been deeply analyzed for application of geothermal systems: the main barriers, as lack of available space in built urban environment for installation, different regulations and permits, lack of appropriate financing schemes, high cost of GSHPs and needed certifications respect to alternatives, lack of awareness and knowledge about geothermal systems, can be overcome exploiting opportunities in the market and leveraging on the key success factors of GEOTeCH solutions, identifiable in the main following points: - less capital-intensive compact equipment; reduction of environmental risks, complexity and costs; better integration between heat exchange elements during installation; maximum use of the foundation structures; optimized hybrid solutions integrating the different geothermal systems; cost-effective geothermal systems; safety enhancement.
Deliverable D 7.1 GEOTeCH Project. Market Assessment
TINTI, FRANCESCO;BORTOLOTTI, VILLIAM;BONDUA', STEFANO
2016
Abstract
The present deliverable reports the activities related to the Task 7.2 - Market Assessment – aiming to carry out a preliminary assessment of the European market for the developed GEOTeCH solutions. A detailed and complete analysis has been performed investigating first the most used conventional solutions for heating and cooling of buildings in Europe. It has been found out that the conventional heating and cooling market is very heterogeneous, composed by many different technologies, and characterized by a low level of efficiency for the installed stock: hence there is a relevant need for modernisation of existing conventional heating and cooling systems. In this context, geothermal represents a renewable energy source with a very important potential of energy savings (up to 70%), addressing the main EU targets and goals for carbon emissions reduction. An overview of the geothermal solutions currently used for heating/cooling of buildings has been provided: shallow geothermal is the largest type (63%) of geothermal energy used in Europe, but many differences between Member States still exist about actual state of deployment of such renewable energy, mainly due to the availability of incentives and financial support schemes. The more mature markets of geothermal installations are Sweden, Germany, France, Switzerland and Norway, which account for around 70% of all installed capacity of the continent. In order to identify the most profitable countries for application of GEOTeCH solutions, the market potential for geothermal heat production has been investigated through ground parameters (geotechnical/geomechanical and thermal properties of the shallow underground), climate and geothermal heat flow data: for each EU country the ‘neutral zone’, as optimal depth to reach when installing BHEs thus to exploit the maximum amount of energy, has been calculated. Profitable markets have been identified with The Netherlands, Denmark, Poland, Belgium, the UK and Germany for their large percentages of territory suitable for application of GEOTeCH drilling technology. The competitor analysis outlines that some companies present in the EU market are starting to offer innovative products for geothermal applications, but the innovation brought from the dry drilling technology developed within the project is actually beyond the state of the art. In every Member State it is envisaged that GSHPs can play an important role for heating/cooling of residential and commercial buildings, reducing requirements for primary energy and carbon emissions. However strong competition exists with ASHPs, more commercialized in the market due to their easiness of installation, lower price and less space occupancy, although GSHPs provide higher efficiencies. Market requirements, opportunities and barriers, plus financial models have been deeply analyzed for application of geothermal systems: the main barriers, as lack of available space in built urban environment for installation, different regulations and permits, lack of appropriate financing schemes, high cost of GSHPs and needed certifications respect to alternatives, lack of awareness and knowledge about geothermal systems, can be overcome exploiting opportunities in the market and leveraging on the key success factors of GEOTeCH solutions, identifiable in the main following points: - less capital-intensive compact equipment; reduction of environmental risks, complexity and costs; better integration between heat exchange elements during installation; maximum use of the foundation structures; optimized hybrid solutions integrating the different geothermal systems; cost-effective geothermal systems; safety enhancement.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
