Szeged geothermal project secures Swiss Fund support to reduce pollution and promote green initiatives

Photo: Geo Hőterm Kft.

Geo Hőterm Kft., known for developing geothermal systems in partnership with Szetáv, has secured funding from the Swiss Fund to further enhance one of Europe’s largest geothermal networks, reported local news outlet Szeged.hu.

Szeged’s groundbreaking geothermal system, the largest of its kind in the European Union, consists of nine geothermal circuits supplying heating to nearly all district-heated apartments and institutions—serving a total of 27,000 households. However, with increasingly stringent EU environmental regulations, the project now focuses on preventing diffuse gases released during geothermal extraction from reaching the atmosphere. While not classified as the most polluting, these gases contribute to the greenhouse effect and climate change over time.

The Swiss Fund accepted applications for geothermal development projects until June 2024, allocating over 5 billion forints in non-refundable grants to eleven successful applicants. The Szeged project will use its share not only to tackle diffuse gas emissions but also to educate the public on renewable energy and promote societal acceptance of green initiatives.

The total cost of the Szeged geothermal program is 2 billion forints, with the Swiss Fund contributing 776 million forints. Total funding, including other contributions, reaches nearly 913 million forints. Geo Hőterm Kft.’s partner in the initiative is the Mondolo Association, which will assist in outreach and education efforts.

This project represents a significant step forward in balancing sustainable energy solutions with environmental responsibility.