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.

Climate Fund financing for QHeat to help develop Finnish geothermal Climate Fund financing for QHeat to help develop Finnish geothermal Climate Fund financing for QHeat to help develop Finnish geothermal Climate Fund financing for QHeat to help develop Finnish geothermal Climate Fund financing for QHeat to help develop Finnish geothermal

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

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