Climate Fund financing for QHeat to help develop Finnish geothermal

A €3.3 million capital loan granted to Quantitative Heat Oy (QHeat) by Climate Fund, a Finnish state-owned special-assignment company, will be principally allocated to the purchase of new, more efficient drill equipment for drilling medium-deep heat wells.

QHeat began drilling its first geothermal project and network construction in the Finnoo district of Espoo, Finland in December 2021

09 March 2022
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QHeat is so far the only Finnish operator to successfully drill medium-deep heat wells.

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