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The CROWDTHERMAL Project: Creating Public Acceptance of Geothermal Energy and Opportunities for Community Financing

Author

Listed:
  • Isabel Fernández Fuentes

    (European Federation of Geologists (EFG), 1000 Brussels, Belgium)

  • Amel Barich

    (Geothermal Research Cluster (GEORG), 101 Reykjavík, Iceland)

  • Christina Baisch

    (Vulcan Energy Subsurface Solutions GmbH (VES), 76227 Karlsruhe, Germany)

  • Balazs Bodo

    (La Palma Research Centre (LPRC), 38760 Los Llanos de Aridane, Spain)

  • Ottó Elíasson

    (EIMUR, Hafnarstræti 91, 603 Akureyri, Iceland)

  • Gioia Falcone

    (James Watt School of Engineering, Systems, Power and Energy Division, University of Glasgow (UoG), Glasgow G12 8QQ, Scotland, UK)

  • Georgie Friederichs

    (CrowdFundingHub BV (CFH), 1064 NW Amsterdam, The Netherlands)

  • Margarita de Gregorio

    (Spanish Geothermal Technology and Innovation Platform (GEOPLAT), 28009 Madrid, Spain)

  • Jan Hildebrand

    (Institute for Future Energy and Material Flow Systems (IZES), 66115 Saarbrücken, Germany)

  • Anastasia Ioannou

    (James Watt School of Engineering, Systems, Power and Energy Division, University of Glasgow (UoG), Glasgow G12 8QQ, Scotland, UK)

  • Tamas Medgyes

    (District Heating Company of Szeged (SZDH), 6724 Szeged, Hungary)

  • Tamas Miklovicz

    (European Federation of Geologists (EFG), 1000 Brussels, Belgium)

  • Paloma Pérez

    (Spanish Geothermal Technology and Innovation Platform (GEOPLAT), 28009 Madrid, Spain)

  • Marcio Tameirao Pinto

    (La Palma Research Centre (LPRC), 38760 Los Llanos de Aridane, Spain)

Abstract

One of the major challenges regarding energy transition is to create active support towards renewable energy installations on a local level. The CROWDTHERMAL project presents practical approaches for involving local stakeholders in different measures in order to develop acceptable solutions. Based on technical evidence and data from concrete case studies, the project shows ways how community funding can increase social acceptance towards geothermal energy installations. The presented solutions are based on alternative financial schemes studies and risk mitigation analysis in geothermal projects.

Suggested Citation

  • Isabel Fernández Fuentes & Amel Barich & Christina Baisch & Balazs Bodo & Ottó Elíasson & Gioia Falcone & Georgie Friederichs & Margarita de Gregorio & Jan Hildebrand & Anastasia Ioannou & Tamas Medgy, 2022. "The CROWDTHERMAL Project: Creating Public Acceptance of Geothermal Energy and Opportunities for Community Financing," Energies, MDPI, vol. 15(21), pages 1-31, November.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:21:p:8310-:d:965557
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    References listed on IDEAS

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    1. Bourcet, Clémence & Bovari, Emmanuel, 2020. "Exploring citizens' decision to crowdfund renewable energy projects: Quantitative evidence from France," Energy Economics, Elsevier, vol. 88(C).
    2. De Crescenzo, Veronica & Ribeiro-Soriano, Domingo Enrique & Covin, Jeffrey G., 2020. "Exploring the viability of equity crowdfunding as a fundraising instrument: A configurational analysis of contingency factors that lead to crowdfunding success and failure," Journal of Business Research, Elsevier, vol. 115(C), pages 348-356.
    3. Moffat, Kieren & Zhang, Airong, 2014. "The paths to social licence to operate: An integrative model explaining community acceptance of mining," Resources Policy, Elsevier, vol. 39(C), pages 61-70.
    4. Owen, John R. & Kemp, Deanna, 2013. "Social licence and mining: A critical perspective," Resources Policy, Elsevier, vol. 38(1), pages 29-35.
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