EU and Mexico launch $22m joint geothermal research project
The EU and Mexico launch a joint geothermal research project aimed at exploring new sources of geothermal energy.
The European Union and Mexico have launched the first joint geothermal research project, which is aimed at bringing together European and Mexican researchers to explore new sources of geothermal energy. The EUR 20 million ($22 million) porject was selected ina joing EU- Mexican call for proposals
Carlos Moedas, European Commissioner for Research, Science and Innovation, and Pedro Joaquín Coldwell, Mexican Secretary of Energy, announced the result in the margins of the Clean Energy Ministerial Meeting on 2 June in San Francisco.
GEMex will develop innovative methods for accessing the earth’s vast resources of heat now trapped in variable geological formations. The ultimate objective is to make this renewable energy source cost-effective and affordable both for electricity and heat production. The project will adhere to the strictest environmental standards and address issues around social acceptance of the technology.
The three-year project will start in the autumn of 2016. INEA will oversee its implementation.
The EU and Mexico contribute equally to the EUR20 million project ($22 million). The EU’s share comes from Horizon 2020, and the other from Mexico’s Fondo de Sustenibilidad Energética (SENER) – Consejo Nacional de Ciencia y Tecnología (CONACYT).
The full announcement can be found here.
Source: European Commission