targeo

Gallery targeo 1
Gallery targeo 1
September 2020
Headquarters 10117 Berlin, Germany
In collaboration with Engie
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targeo - Delivers carbon-free heat to residential customers & new business to regional heat transition players, based on shallow geothermal

The residential heating market in Europe is not based on renewable energy; clean energy alternatives are needed in order to address the global environmental crisis.

Seeking to achieve a successful transition to cleaner energy systems, targeo provides to heat transition players/local utilities/Stadtwerke a regional analysis to identify the best potential geothermal clients in their region outside their current customer base. It allows to address this client in groups and make campaign installations to leverage scaling effects. It also gives an overview of CO2 emission in their region, per building, and a way forward to decrease them. This solution relies on the process of data about the underground and geothermal potential, the characteristics of buildings and their demand, and the existing infrastructures; thanks to a precise GIS approach. In addition, targeo works as a geothermal expert office realizing all the subsurface infrastructure turn-key in a contracting model including planning, permitting, drilling and operation.

Key features

  • Replacing every gas heating system in Germany, which represent 48,2% of 40M housings, by a geothermal system powered by renewable energy would save 60 million of tons of CO2 per year
  • Replacing all 18 Mio oil boilers in Europe with geothermal heat pumps powered by renewable energy would save 90 million tons of CO2 per year

Profitability

  • A targeo analysis will show you thousands of new potential clients, if less than 100 installations are realised, you will have your money back, all the rest is profit
  • With a cunsumer heat price of 92 €/MWh, a one time connection fee of 3.800 € and power prices around 165 €/MWh you can end up with a net cash generated of 1,7 Mio € serving 500 clients over 15 years

Company Profile

Maturity Stage

  • Medium and large scale commercialization
  • Small scale commercialization
  • Initial market commercialization
  • Prototype testing in the real world
  • Prototype testing 1:1 in the lab

Looking For

Activity Region

  • /

Europe

Germany,

  • Headquarters
  • Activity

Related Topics

The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances.