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News

EU-FIRE Kft. is participating at the International Specialized Exhibition EXPO-2017 in Astana

EU-FIRE Kft. is also participating as an exhibitor at the International Specialized Exhibition EXPO-2017 in Astana on energy. The main theme of EXPO-2017, which opened last Saturday, is “Energy of the Future”, the reduction of carbon monoxide emission, as well as energy efficiency. The EU-FIRE booth focuses on the geothermal energy of the future; the EGS technology, which is introduced by the company in Hungary, in the Southern Bekes region. More than 100 countries are participating at EXPO-2017 in Astana as exhibitors and five million visitors are expected at the event.

Circular Economy: renewable energy in focus

Circular Economy: renewable energy in focus

On behalf of EU-FIRE Kft., Péter Kovács strategic director participated at the conference and round table „Circular Economy: renewable energy in focus” which took place on April 28, 2017 and was organized as a joint effort by Szent István University, the University of Reykjavík and the National Agricultural Research and Innovation Centre.

The primary objective of „circular economy” is the reutilization of resources. It offers such an alternative model, as opposed to the conventional, linear economic model, which takes into account that the utilization and transformation of natural resources into products, the purchasing and use of products and the removal thereof thereafter involve significant costs and on the long run they do not constitute a feasible and preferable solution due to the extensive depletion of our resources. Circular economy focuses on efforts to sustain our resources and products as long as possible, as well as significantly reducing the resulting waste.

During the conference it was pointed out that the topic of circular economy is becoming increasingly popular among large businesses, an increasing number of them are applying it, which includes efforts of production without waste and the utilization of renewable energies.

ALTEO shares purchase

EU-FIRE Ltd. has purchased ALTEO shares. The ALTEO corporate group is one of the leading businesses in the Hungarian energy sector, the activities of which, similarly to those of EU-FIRE Ltd. include the production of energy based on renewable energy sources as well.

Recognition of ETIP

The European Technology and Innovation Platform (ETIP) on Deep Geothermal has been recognised by the European Commission. The Commission officially acknowledge the ETIP as a tool to strengthen cooperation with Stakeholders under the Strategic Energy Technology Plan (SET-Plan), as part of the H2020 programme.

Péter Kovács, director of strategy of EU-FIRE Ltd. is the only Hungarian member of ETIP’s steering committee.

EBRD jubilee annual meeting

Péter Kovács, the strategic director of EU-FIRE Ltd. held a presentation titled Investing in the Future at the jubilee annual meeting of the European Bank for Reconstruction and Development (EBRD) in London. The strategic director provided information on the investment opportunities in the geothermal business sector and reported the benefits and characteristics inherent to Hungarian geothermal energy, as well as the challenges, which the businesses involved in it have to face.

EU-FIRE Ltd at the Icelandic Geothermal Conference (IGC)

EU-FIRE Ltd at the Icelandic Geothermal Conference (IGC)

Zoltán Salánki, the project manager of EU-Fire Ltd. held a speech at the Icelandic Geothermal Conference (IGC) in the capital of Iceland on the social effects of the EGS power plant planned to be built near Mezőkovácsháza and the communication work of the project. The presentation of Zoltán Salánki can soon be viewed on our website, until then you can find more information on the conference by clicking on the link below.

Icelandic Geothermal Conference

The geothermal technology of the future: Presentation on EGS technology

The geothermal technology of the future: EGS technology – Imre Kovács, partner in EU-Fire Ltd. held a presentation titled demonstration project in Hungary at Eötvös Loránd University.

You can read in detail about the presentation by clicking on the following link:  The geothermal technology of the future

EU-Fire EGS Hungary Ltd meeting in Mezőkovácsháza

EU-Fire EGS Hungary Ltd meeting in Mezőkovácsháza

Péter Kovács, the manager of EU-Fire EGS Hungary Ltd. held a meeting in Mezőkovácsháza informing the mayors of the sub-region on the current status of the geothermal power plant project, representing a unique technology, which is planned to be developed in the vicinity of the town. The development is currently in the study phase, the preparatory tasks of the execution of the first deep drilling are still in progress. In his speech Péter Kovács emphasized again that the works are being carried out in accordance with the applicable stringent regulations and international standards.

Hungarian Energy Investors Forum 2016

Péter Kovács, the strategic director of EU-Fire Ltd was among the speakers at the Hungarian Energy Investors Forum 2016 Conference on March 3 with his presentation titled „The geothermal technology of the future – EGS demonstration project in Hungary”.

You can find further details on the conference by clicking on the following link:  Hungarian Energy Investors Forum 2016

Geothermal development in Kecskemét

The municipality of Kecskemét and EU-Fire Ltd held a joint workshop titled Geothermal development in Kecskemét. On behalf of EU-Fire, dr. Imre Kovács presented the background of the geothermal project in Kecskemét titled „Intelligent Energy – Europe”, with a special emphasis on the comparison between the existing district heating supply and the future plans applicable to the district heating supply system, as well as the main future heat demand.