GEOFIT: Stakeholders and Markets, a Commercial Approach

The stakeholders in a building retrofit project often are unfamiliar with shallow geothermal energy (SGE) technology and potentially have conflicting requirements [MUSE, 2019]. The following table shows the influence and interest of (in)directly involved stakeholders of typical SGE for building retrofit projects, in the framework of suggested management principles.

GEOFIT stakeholder matrix
Table 1. Preliminary GEOFIT stakeholder matrix

Building upon results of ‘sister projects’ such as the aforementioned MUSE, as well as GEO4CIVHIC and GRETA among others, GEOFIT takes a close look at the wide spectrum of SGE stakeholders in order to develop commercial-ready solutions. In order to gage SGE for building retrofit viability in Europe from a commercial standpoint, the typology of existing building stock is a critical factor. Therefore, one of the key images for this purpose comes from the Buildings Performance Institute Europe [1], shown below:

European Buildings at a glance

Another focus of GEOFIT Market Analysis is the sizing of market opportunities, defined by the specific technologies or ‘markets’ that together make up the full GEOFIT solution set. Initially investigated ‘markets’ include ground source heat pumps, heat exchangers, structural health monitoring,  geographic information systems, building information modelling, building energy management systems, architecture, engineering, and construction, horizontal directional drilling, project management software and services, heating, ventilation, and air-conditioning, and drones.