Geothermal Energy in Focus at 1st Budapest Geothermal Energy Summit
The first Budapest Geothermal Energy Summit will take place on June 5, 2023, in Budapest, Hungary to explore the potential of geothermal energy in Central and Southeastern Europe. The conference will be opened by Hungary’s Minister of Energy Csaba Lantos.
Climate change topped with the global energy crisis can be a historic turning point towards a cleaner and more secure future. For the first time, global demand for each of the fossil fuels shows a peak or plateau while clean energy sources showed continued growth. In this context, many experts see geothermal power as an essential component of our green-energy future.
The Pannonian Basin has a vast untapped potential for geothermal energy that can contribute to phasing out fossil fuels and support energy independence. In the region, geothermal energy is bound to become the bedrock of energy transition and long-term energy security as a clean, local, and affordable energy source.
To ensure the uptake of the industry, national governments around the region have already started to implement policies to create supportive state regulations and a predictable investment environment. Building on this momentum, the Budapest Geothermal Energy Summit aims to create a unique platform for the stakeholders of the geothermal value chain to come together and exchange knowledge about the future of geothermal energy in various industries.
The Budapest Geothermal Energy Summit will be opened by Hungary’s Minister of Energy Csaba Lantos who will present the government’s policies and strategic objectives regarding the development of geothermal capacities.
Geothermal energy can play an important role in ensuring clean energy for Europe in the midst of the continent’s efforts for energy security and phasing out dependence on Russian fossil fuels. According to estimations geothermal heating, cooling, and power have already saved 10 billion cubic meters (bcm) of gas and other fossil energy imports from Russia. At the Budapest Geothermal Energy Summit Miklós Antics, president of the European Geothermal Energy Council (EGEC) will speak about how geothermal energy can help to achieve the REPowerEU objectives.
Due to its versatility, geothermal energy can impact many sectors, besides electricity production, it also provides opportunities for the industry, district heating and cooling, agriculture and the food industry.
The speakers of the Budapest Geothermal Energy Summit include Károly Mátrai, CEO of MVM Group who will present the insights of the biggest Hungarian energy company in terms of geothermal energy. Miklós Zaránd, Deloitte's partner responsible for the energy consulting business, will talk about the opportunities and challenges facing the market. Eirikur Bragason, COO of Arctic Green Energy, and Gábor Molnár, managing director of Mannvit will share how to export the Icelandic success in geothermal to markets around the globe. While, Maria Mutti, president-elect of the American Association of Petroleum Geologists (AAPG) will present on overview of geothermal energy in the energy transition.
The goal of the Budapest Geothermal Energy Summit is to encourage common thinking and build on synergies by presenting best practices in various fields. The Budapest Geothermal Energy Summit will bring together high-level policymakers, industry experts, corporate leaders, technology pioneers, regulatory bodies, financiers, local decision-makers, and representatives of research and academia from the region and beyond to discuss the potential of geothermal energy.
Don’t miss the first Budapest Geothermal Energy Summit that will take place on June 5, 2023, in the Budapest Marriott Hotel, Hungary. For more information visit the website of the conference: https://budapestgeothermalenergysummit.hu
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