D9.2 – Market Analysis

Shallow geothermal energy (SGE) technology is an emerging market and is poised to sustain growth based on its feasibility around the globe irrespective of terrain. This can be duly attributed to awareness of public towards climate change and need to switch to renewables in addition to long term objectives of government policies for decarbonizing residential energy consumption with special focus on heating and cooling.

The deliverable aims at a public understanding of the latest trends in the SGE market at global, European, and selected national scales. This report sets a platform for strategizing future business model development and supporting the exploitation activities. The reports also address the key issues that is set to influence the GEOFIT acceptance which starts with an overview of SGE systems and current trends in worldwide canvas and European perspective with special focus on four identified pilot countries. This report further analysis the barriers, the value chain and the importance of synergy between different stakeholders that will ease the adoption/acceptance of GEOFIT in SGE or the heating and cooling market. The preliminary market potential assessment sets a foundation to further assess the pilot site countries under a business case format in subsequent months of the project. The GSHP competitor analysis was carried out based on functionality of well-known GSHP brands available in the European market.

The scope of this deliverable is a general overview of SGE-related topics that serves as a foundation to map the market analysis and market watch activities within GEOFIT to exploitation planning by going deeper into each key exploitable result as a distinctive market to be explored.

Sustainable Places Proceedings (2018)

Presentation of GEOFIT at Sustainable Places (2018)

Title: Introducing GEOFIT: Cost-Effective Enhanced Geothermal Systems for Energy Efficient Building Retrofitting

Language: English

Authors: Thomas Messervey  (*1), Marco Calderoni (*1), Angel Font (*2), Mikel Borras (*3), Ray Sterling (*1),
David Martin (*4) and Zia Lennard (*1)

*1: R2M Solution, S.r.l.; Via Fratelli Cuzio 42, 27100 Pavia, Italy.
*2: COMSA Corporación de Infraestructuras, SL, 08014 Barcelona, Spain.
*3: IDP Ingeniería y Arquitectura Iberia S.L.U., Av. de Francesc Macià, 60, 08208 Sabadell, Barcelona, Spain.
*4: COMET GESINCO SL, C Calle unio, 32-LC, Mataro, 08302 Barcelona, Spain.

Abstract: GEOFIT, “Deployment of novel GEOthermal systems, technologies and tools for energy efficient building retrofitting,” is a recently launched 4-year H2020 project funded by the Innovation and Networks Executive Agency (INEA) under the call topic LCE-17-2017: Easier to install and more efficient geothermal systems for retrofitting buildings. GEOFIT is a part of INEA’s Energy Portfolio Low Carbon Economy (LCE), Renewable Energy Technologies (RET) and brings together 24 partners from 10 European countries to work on the development of novel and smart shallow geothermal systems. This paper introduces the project.