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07 Oct 2023

Daimler Truck, EnBW Form Jv for Geothermal Energy Project in Germany

07 Oct 2023  by reuters   

A logo of German power supplier EnBW Energie Baden-Wuertemberg AG is pictured at the company's headquarters in Karlsruhe, March 17, 2015. REUTERS/Ralph Orlowski/File Photo Acquire Licensing Rights
Daimler Truck (DTGGe.DE), EnBW (EBKG.DE) and the administration of the south-western German town of Woerth am Rhein have set up a joint venture for environmentally friendly geothermal energy production, the German truck maker said on Friday.

The project aims to explore the possibilities of geothermal energy extraction in the area surrounding the town.

If proven feasible, a geothermal plant will be set up to supply the Daimler Truck plant in Woerth.

The surplus 10% of energy produced by the plant will be used for Woerth's heating networks, the company said in a statement.

Geothermal power, energy extracted from the earth, does not produce emissions during production, similar to other forms of renewables.

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