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
QHeat is so far the only Finnish operator to successfully drill medium-deep heat wells. Its solution is particularly suitable for large and densely built properties, such as apartment-block-dominated residential...
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