{"id":17141,"date":"2026-10-26T15:34:06","date_gmt":"2026-10-26T14:34:06","guid":{"rendered":"https:\/\/eihp.hr\/?page_id=17141"},"modified":"2026-10-28T14:33:18","modified_gmt":"2026-10-28T13:33:18","slug":"greet-geo","status":"publish","type":"page","link":"https:\/\/eihp.hr\/en\/projekti\/greet-geo\/","title":{"rendered":"Greet GEO"},"content":{"rendered":"<div data-elementor-type=\"wp-page\" data-elementor-id=\"17141\" class=\"elementor elementor-17141\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-456da171 elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"456da171\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-70c1bdf5\" data-id=\"70c1bdf5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2569ac01 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2569ac01\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7c1eabcd\" data-id=\"7c1eabcd\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-57acd907 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"57acd907\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-47e3a396\" data-id=\"47e3a396\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88ff8ea elementor-widget elementor-widget-image\" data-id=\"88ff8ea\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"199\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/GREET-GEO-LOGO-300x199.png\" class=\"attachment-medium size-medium wp-image-17145\" alt=\"\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/GREET-GEO-LOGO-300x199.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/GREET-GEO-LOGO-768x508.png 768w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/GREET-GEO-LOGO-18x12.png 18w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/GREET-GEO-LOGO.png 997w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aa70e0b elementor-widget elementor-widget-text-editor\" data-id=\"7aa70e0b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Greet GEO: Green transition with geothermal energy,<\/strong>financed through the Interregional Innovation Investments (I3) Instrument under the <a href=\"https:\/\/ec.europa.eu\/regional_policy\/home_en?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\">European Regional and Development Fund (ERDF)<\/a>, was coordinated by the Energy Institute Hrvoje Po\u017ear.<\/p><p>It ran from November 2024 to October 2026, with a budget of around 1.5 million euros, and brought together ten partners from eight countries: Energy Institute Hrvoje Po\u017ear (EIHP), Croatia; La Palma Research Centre SL (LPRC), Spain; Magyar Geotermalis Egyesulet (MGE), Hungary; EMEF Elso Magyar Energetikai Fejleszt\u0151 \u00e9s Szolg\u00e1ltat\u00f3 Kft., Hungary; DDRI\u00dc nonprofit KFT., Hungary; Lokalna energetska agencija za Pomurje, Zavod za promocijo in pospevanje trajnostnega energetskega razvoja Martjanci (LEA Pomurje), Slovenia; Consorzio per lo sviluppo delle aree geotermiche (COSVIG), Italy; European Geothermal Energy Council (EGEC), Belgium; BWB Connect CLG, Ireland; Instituto de Inova\u00e7\u00e3o Tecnol\u00f3gica dos A\u00e7ores (INOVA), Portugal.\u00a0<\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-17147 size-full\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/1.-foto-prva-u-word-dokumentu-e1793090938642.png\" alt=\"\" width=\"966\" height=\"671\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/1.-foto-prva-u-word-dokumentu-e1793090938642.png 966w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/1.-foto-prva-u-word-dokumentu-e1793090938642-300x208.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/1.-foto-prva-u-word-dokumentu-e1793090938642-768x533.png 768w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/1.-foto-prva-u-word-dokumentu-e1793090938642-18x12.png 18w\" sizes=\"(max-width: 966px) 100vw, 966px\" \/><\/p><p><span style=\"font-weight: 400;\">The aim of the project was to strengthen regional innovation ecosystems and accelerate the uptake of geothermal energy across Europe, focusing on supporting small and medium enterprises (SMEs) in less developed Central European regions (Pannonian Basin) and selected outermost regions (Azores and Canary Islands) through a holistic approach to geothermal development.<\/span><\/p><h5><strong>Greet GEO results\u00a0<\/strong><\/h5><p><span style=\"font-weight: 400;\">Greet GEO strengthened regional capacity to identify geothermal opportunities, connect relevant organisations and prepare projects for further development. The project addressed both deep and shallow geothermal applications. Its results fall into seven complementary areas.<\/span><\/p><h5><strong>Market knowledge and innovation opportunities<\/strong><\/h5><p><span style=\"font-weight: 400;\">Greet GEO analysed focus markets (Pannonian Basin countries - Croatia, Slovenia, Hungary, and outermost regions of the Azores and Canary Islands) and mapped geothermal stakeholders across Europe. The result is a geothermal stakeholders database with 533 stakeholders, focused on helping users identify technical experts, technology providers, financing partners and research organisations to develop future consortia.<\/span><\/p><p><a href=\"https:\/\/eihp.hr\/downloads\/GG_Geothermal_Database.pbix\"><span style=\"font-weight: 400;\">DOWNLOAD DATABASE <\/span><\/a><\/p><p>\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f7e3c9 elementor-widget elementor-widget-html\" data-id=\"5f7e3c9\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div style=\"display: flex; justify-content: center; align-items: center;\">\r\n    <iframe title=\"GG_Geothermal_Database\" width=\"1280\" height=\"720\" src=\"https:\/\/app.powerbi.com\/view?r=eyJrIjoiMTYwZTQ3MDktZjU0Zi00NmYzLTg1NzktMDE0ZDc5ZmNjZjI4IiwidCI6IjY0YjdhMjQ5LTFjZjctNDRlNS05ZmExLTZjNmExMWFmM2QyMSIsImMiOjh9\" frameborder=\"0\" allowfullscreen=\"true\"><\/iframe><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7d55c39 elementor-widget elementor-widget-text-editor\" data-id=\"7d55c39\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The survey of 128 stakeholders across Europe assessed six innovation system domains: innovation, collaboration, financing, policy, market and technology. It revealed strong collaboration networks, but moderate innovation capacity and technology readiness, with financing, regulation and market development constraining deployment.<\/p><p><span style=\"font-weight: 400;\">Deep geothermal shows greater technological maturity and market integration, particularly in district heating and industry, but faces complex permitting, high upfront risks and limited dedicated financing. Shallow geothermal benefits from more favourable regulation and lower entry barriers, yet fragmented demand, limited scaling mechanisms and underdeveloped markets hinder its growth.<\/span><\/p><h5><b>Value chains and business cases<\/b><\/h5><p><span style=\"font-weight: 400;\">Drawing on the survey responses, the analysis identified market needs, regional capabilities and barriers to deployment across power generation, heating and cooling, brine valorisation, agriculture and industrial applications.<\/span><\/p><p><span style=\"font-weight: 400;\">Within Greet GEO, six geothermal value chains and 20 concept-level business cases were developed: 15 covering deep geothermal applications and five covering shallow geothermal. These connect market needs with possible technical solutions and potential partners, providing starting points for further assessment, consortium development and replication.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><img decoding=\"async\" class=\"aligncenter wp-image-17148 size-full\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC.png\" alt=\"\" width=\"1536\" height=\"1024\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC.png 1536w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC-300x200.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC-1024x683.png 1024w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC-768x512.png 768w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/2.-foto_VC-and-BC-18x12.png 18w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/><\/p><p><span style=\"font-weight: 400;\"><a href=\"https:\/\/eihp.hr\/downloads\/Greet_GEO_business_case_booklet.pdf\">DOWNLOAD BOOKLET <\/a><\/span><\/p><h5>\u00a0<\/h5><h5><b>Investment action plans<\/b><\/h5><p><span style=\"font-weight: 400;\">Greet GEO supported five geothermal opportunities in moving towards structured project development: Renkovci (Slovenia), Pre\u0161ov-\u013dubotice (Slovakia), S\u00e1toralja\u00fajhely (Hungary), Topusko (Croatia) and Furnas (Azores, Portugal). Selected for their development potential, preparation levels and possible funding routes, they range from infrastructure reuse to integrated electricity and heat projects.<\/span><\/p><p><span style=\"font-weight: 400;\">The project assessed demand, resources, technical maturity, investment needs and remaining barriers. It reviewed investment assumptions, supported business models, identified financing pathways and connected promoters with relevant experts and partners.<\/span><\/p><p><span style=\"font-weight: 400;\">Project-specific action plans define preparatory activities, responsibilities and next steps. Development follows progressive risk reduction, with resource performance, technical viability, demand, permitting and financing validated at the appropriate stage before major investment commitments.<\/span><\/p><h5><b>Investment assessment support tool<\/b><\/h5><p><span style=\"font-weight: 400;\">To support investment-assessment approaches, Greet GEO developed the Waste Heat Financial Model. It is an interactive Excel tool for preliminary assessment of geothermal-related waste heat opportunities. It combines technical, operational and financial assumptions to compare project configurations and explore how heat availability, demand, infrastructure costs and financing affect commercial viability. The model helps promoters identify key investment drivers and decide whether to pursue further development, while detailed feasibility, engineering, permitting and financial assessments remain necessary.<\/span><\/p><p><a href=\"https:\/\/eihp.hr\/downloads\/GreetGEO-Waste-Heat-Model.zip\"><span style=\"font-weight: 400;\">DOWNLOAD EXCEL FOR HEAT MODEL\u00a0<\/span><\/a><\/p><h5>\u00a0<\/h5><h5><b>Policy and regional strategies<\/b><\/h5><h5><span style=\"font-weight: 400;\">Greet GEO developed <\/span><b>15 innovation policy measures<\/b><span style=\"font-weight: 400;\"> addressing financing, permitting, project preparation, skills, data availability and cooperation. These recommendations give public authorities and regional organisations practical options for improving the conditions for geothermal development.<\/span><\/h5><h5><span style=\"font-weight: 400;\">The work also contributed to Smart Specialisation Strategies (S3): <\/span><b>four S3-based geothermal roadmaps<\/b><span style=\"font-weight: 400;\"> were prepared for Croatia, the Azores, the Canary Islands and Tuscany, linking geothermal opportunities with regional innovation priorities, market development, skills, financing and future investment support.<\/span><\/h5><h5><span style=\"font-weight: 400;\">A complementary <\/span><b>Action plan for the improvement of the regional innovation ecosystem with special emphasis on de-risking geothermal investment<\/b><span style=\"font-weight: 400;\"><strong>.<\/strong> identified common barriers, including high exploration and drilling costs, limited financial support mechanisms, fragmented permitting processes, insufficient subsurface data, and low public awareness.<\/span><\/h5><p><span style=\"font-weight: 400;\">To address these challenges, the Action plan recommends establishing risk-sharing schemes, streamlining permitting procedures, improving coordination among authorities, expanding geological data collection and sharing, and enhancing community engagement through early communication, transparency, and skills development.<\/span><\/p><h5><b>Stakeholder networks and interregional cooperation<\/b><\/h5><p><span style=\"font-weight: 400;\">The project established cooperation with GEOSYN and CEEGEO and realised synergies with 27 European projects and initiatives. Partners also initiated the Pannonian Basin Geothermal Alliance and the Pannonian Basin Decarbonisation Hub as routes for continued cooperation. These connections provide a basis for targeted matchmaking, knowledge exchange and future joint proposals.<\/span><\/p><h5><b>Skills and knowledge transfer<\/b><\/h5><p><span style=\"font-weight: 400;\">Greet GEO organised 34 events: workshops, webinars, trainings, roundtables, conferences, forums, and study visits that enabled participants to exchange experience on geothermal applications, development barriers and financing approaches. Training materials, recordings, best-practice videos and other knowledge resources support continued learning and replication.<\/span><\/p><h5><b>A model that can be replicated<\/b><\/h5><p><span style=\"font-weight: 400;\">The Greet GEO approach could be adapted beyond the participating regions and even beyond geothermal energy. Its key lesson is that innovation ecosystems become stronger when regional analysis is connected directly with value-chain development and concrete business opportunities.<\/span><\/p><p><span style=\"font-weight: 400;\">The methodology follows a clear sequence: understand regional needs and barriers, identify the relevant actors, map complete value chains, determine missing links, develop business cases and connect them with investment and financing pathways.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17149 size-full\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway.png\" alt=\"\" width=\"1536\" height=\"1024\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway.png 1536w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway-300x200.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway-1024x683.png 1024w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway-768x512.png 768w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/3.-foto_Greet-GEO-pathway-18x12.png 18w\" sizes=\"(max-width: 1536px) 100vw, 1536px\" \/><\/p><p><span style=\"font-weight: 400;\">Greet GEO highlighted three practical lessons for advancing geothermal projects towards investment: design solutions around an anchor user\u2019s actual heat demand, connect local organisations with experienced European developers, suppliers and experts, and group smaller projects into standardised portfolios to make them more attractive to contractors and investors.<\/span><\/p><p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p><p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-17150 size-full\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/4.-foto-zadnja_poruke.png\" alt=\"\" width=\"945\" height=\"347\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/4.-foto-zadnja_poruke.png 945w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/4.-foto-zadnja_poruke-300x110.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/4.-foto-zadnja_poruke-768x282.png 768w, https:\/\/eihp.hr\/wp-content\/uploads\/2026\/10\/4.-foto-zadnja_poruke-18x7.png 18w\" sizes=\"(max-width: 945px) 100vw, 945px\" \/><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-128bb5ae elementor-section-full_width elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"128bb5ae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1865e1cb\" data-id=\"1865e1cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-764e2339 elementor-absolute elementor-widget elementor-widget-image\" data-id=\"764e2339\" data-element_type=\"widget\" data-settings=\"{&quot;_position&quot;:&quot;absolute&quot;}\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"656\" height=\"656\" src=\"https:\/\/eihp.hr\/wp-content\/uploads\/2022\/03\/Abstract-square-final-EIHP.png\" class=\"attachment-large size-large wp-image-8388\" alt=\"\" srcset=\"https:\/\/eihp.hr\/wp-content\/uploads\/2022\/03\/Abstract-square-final-EIHP.png 656w, https:\/\/eihp.hr\/wp-content\/uploads\/2022\/03\/Abstract-square-final-EIHP-300x300.png 300w, https:\/\/eihp.hr\/wp-content\/uploads\/2022\/03\/Abstract-square-final-EIHP-150x150.png 150w\" sizes=\"(max-width: 656px) 100vw, 656px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Greet GEO: Zelena tranzicija uz geotermalnu energiju, projekt financiran u okviru Instrumenta za me\u0111uregionalna inovacijska ulaganja (I3) iz sredstava Europskog fonda za regionalni razvoj (EFRR), koordinirao je Energetski institut Hrvoje Po\u017ear (EIHP). Projekt se provodio od studenoga 2024. do listopada 2026., s ukupnim prora\u010dunom od pribli\u017eno 1,5 milijuna eura, a okupio je deset partnera iz [&hellip;]<\/p>","protected":false},"author":11,"featured_media":0,"parent":9597,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-17141","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/pages\/17141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/comments?post=17141"}],"version-history":[{"count":74,"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/pages\/17141\/revisions"}],"predecessor-version":[{"id":17265,"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/pages\/17141\/revisions\/17265"}],"up":[{"embeddable":true,"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/pages\/9597"}],"wp:attachment":[{"href":"https:\/\/eihp.hr\/en\/wp-json\/wp\/v2\/media?parent=17141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}