Experts say that geothermal energy could account for 17% or more of heating requirements in Germany by 2050. This prospect means geothermal energy has an important role to play in the transition to sustainable energy supplies.
Current energy crisis is giving projects in this area another boost. Last year, only a few dozen plants with drilling depths of up to 5,000 metres were utilising hot water with a temperature of up to 180 degrees Celsius for district heating or process heating. But this figure will likely increase many times over in the coming decades.
HDI Global has been involved in insuring geothermal energy projects for 15 years, and is now Germany’s leading insurer in this area, as well as a European leader. However, leveraging this natural source of energy is not without risk. The Engineering Insurance unit analyses all potential projects in depth to ensure they are assessed correctly. HDI Risk Consulting’s risk engineers assess the geological conditions, review the expertise and track records of the companies commissioned and work closely together with the project managers and drilling experts before and during the drilling phase. Support is currently being provided for a number of projects in Germany and Switzerland.
In this way, HDI Global is serving as an expert partner in the transformation to a zero-emissions energy industry..