CROWDTHERMAL aims to empower the European general public to directly participate in the development of geothermal projects with the help of alternative financing schemes (crowdfunding) and social engagement tools. In order to reach this goal, the project will first increase the transparency of geothermal projects and technologies by creating one to one links between geothermal actors and the public to facilitate Social License to Operate (SLO) for the respective projects. CROWDTHERMAL is organised around ten partners from six countries with extensive experience in geothermal finance, alternative finance, social media, utility service, research, innovation, education, investment, large-scale geothermal project development and international networking on geothermal energy. All this will be put into practice in three case study areas in Hungary, Iceland and Spain to validate the deployment of the CROWDTHERMAL toolbox.
CROWDTHERMAL was launched in Brussels in September 2019. In the project, GEORG is leading the Social License to Operate action and is actively contributing to other tasks, namely the Icelandic case study.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 857830.