GEG Hosts Ministry Delegate at GeoCool Project Site in India

How’d You Like Them Apples? Iceland Ministry for Foreign Affairs Consultant Gets an Up Close and Personal Look at Our Ongoing Geothermal Cooling Project Development in the Himachal Pradesh.

Iceland Ministry for Foreign Affairs consultant (left-middle with the white shawl) standing with GEG’s Chief Research Officer Vijay Chauhan (middle back) and local villagers in the Himachal Pradesh.

27 October 2022 — Last month, GEG ehf. had the honour of hosting Erik Arling, the Sustainable Development Goals (SDGs) Partnership Fund consultant from NIRAS for the Iceland Ministry for Foreign Affairs, at our project site in India. Arling is responsible for reviewing grants for the SDG Fund, the same fund through which GEG was awarded our grant early last year for our geothermal cooling project.

A five-day trip was held to carry out a review of this apple cold storage project, now called GeoCool, in the Kinnaur district of the Himachal Pradesh. This in-depth review was followed by a warm welcome from the local villagers, and GEG along with Arling was able to have a positive discussion with them regarding the project.

The group also went on a site visit to the Satluj (Sutlej) River basin, where the first successful drilling had been carried out just last month. Visits to several other prospective areas with geothermal resource potential were carried out as well.

It is GEG’s hope that the initial success at our first drilling location will continue throughout the region to many more sites, ideally increasing the societal benefits of the project.

Arling getting a look at the literal fruits of the local apple farmers’ labour in the Himachal Pradesh.

This visit from a delegate from the Foreign Ministry was highly acknowledged by the local apple farming community, signifying the importance of the cold storage development project.

Thanks to this trip, Arling also had the unique opportunity to visit the local apple farms and to interact with the growers during the apple harvest, as his trip coincided with the peak season. Throughout this experience, the direct social impacts of GEG’s funded project could be seen in real time by the Ministry.

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GEG ehf. Presents Projects to Executive MBA Cohort

GEG Asked to Present Our Current Ongoing Projects to an Executive MBA Cohort from the US, Hosting the Students at Our Main Office in Reykjavik

06 May 2022 — This past Monday, our team had the honor of presenting our ongoing projects to an Executive MBA cohort from Case Western Reserve University. The cohort travelled from Ohio in the United States to learn more about renewable energy and sustainable business in Iceland.

GEG ehf. was asked to be a part of this tour, and we were delighted to host the 20 students, who work in a variety of fields and industries ranging from medicine to finance, at our main office in Reykjavik.

The MBAs enjoyed a robust discussion on GEG’s modular approach to geothermal development and Iceland’s perspective on geothermal. GEG’s Chief Research Officer Dr. Vijay Chauhan also gave a special presentation on our exciting geothermal cold storage project in Northern India as well as the wide variety of other direct use applications possible with geothermal energy. A Q&A with the GEG team followed. 

GEG Director Tomas Hansson introducing the company to the Case Western Cohort

GEG believes that engagement with other industries and information-sharing is crucial when working in the field of sustainable energy. Increasing the awareness and understanding of renewable technologies, and the roles they can play in our lives and futures, is necessary to one day build a carbon-neutral world together.

 

GEG and Direct Use 

Geothermal Cooling in India

GEG’s Modular Approach

Acquisition of Energy Co-Invest Global (ECG), the Largest Shareholder of GEG, by the Renewable Energy Company Cindrigo

Further exploration into Central European geothermal planned following Cindrigo’s acquisition of ECG

Croatia – Dubrovnik

24 March 2022 — This industry-defining news will mean significant advancements in geothermal development throughout Central Europe, particularly in Croatia and Hungary. Cindrigo’s focus within the area of renewable energy is primarily geothermal power and related energy projects.

For GEG ehf., whose largest shareholder is ECG, this is an exciting opportunity to grow as a geothermal company and continue progressing with current ongoing geothermal projects (such as our Southern Chile and India cooling projects), as well as our work in local communities. Furthermore, this will mean that GEG can even more successfully fulfill our company goals towards sustainable development and to support the global clean energy transition.

Read the full story here at Think GeoEnergy, and the full press release from Cindrigo here on the London Stock Exchange website.

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Learn more about our Portfolio of Projects and our Products & Services here on our website, as well.

GEG Chief Research Officer and the India Ambassador of Iceland Meet with the NCUI

Exciting Discussions on Geothermal in New Delhi, with GEG ehf. at the Forefront

On the 21st of February, GEG and the Government of Iceland held an introductory meeting at the National Cooperative Union of India headquarters.

From left to right: NCUI Chief Executive Dr. Sudhir Mahajan, Ambassador Guðni Bragason, NCUI Managing Director Krishna Hydro, and GEG CRO Vijay Chauhan. (Government of Iceland)

02 March 2022 — Early last week, our very own CRO Dr. Vijay Chauhan and India’s Ambassador of Iceland Guðni Bragason met at the National Cooperative Union of India (NCUI) headquarters in New Delhi, India, to give an introduction of the community benefits of geothermal direct use applications. Dr. Chauhan is currently on location in India to perform the early survey and exploratory studies for GEG’s innovative new geothermal cooling project, and the NCUI meeting marked an important milestone in the progress of this project.

Meeting with key NCUI individuals, including Chief Executive Dr. Sudhir Mahajan, Dr. Chauhan was able to present our cold storage project, which will be taking place in the Himachal Pradesh in Northern India. The GEG Cooling project will allow for the geothermal-powered refrigeration of apples for local farmers in the area, which will be an important contributor towards food security. Ambassador Bragason emphasized the importance of renewable, geothermal energy in local communities and for their food production.

GEG ehf. CRO introducing our geothermal cold storage project at NCUI. (Indian Cooperative)

Direct engagement with communities and local stakeholders is an important aspect of GEG ehf.’s project development, as well as to strive towards environmental and social sustainability in all the work we do. This introductory meeting in New Delhi represents this mission, and serves as an exciting point in the early work being performed in India to push forward GEG Cooling.

Read the article on the Icelandic Ministry of Foreign Affairs website here: tinyurl.com/diplomaticmissions
Read the post from the National Cooperative Union of India here: tinyurl.com/NCUImeeting