UGS PRESENTS ITSELF AT GEOTHERM 2024

Once again this year, we represented UGS GmbH at Europe’s largest trade fair for geothermal energy. A total of 6,509 visitors took part and around 240 exhibitors were represented. Various projects and developments were presented in 56 specialist presentations on the subject of geothermal energy. During the two days of the fair, we held numerous discussions with interested existing and potential new customers at our stand.

In general, it is clear that geothermal energy is recognized by many as a major growth market that is worth investing in. For example, the Heat Planning Act requires municipal utilities (depending on the number of inhabitants) to develop a heat supply concept by 2026ff that is primarily based on renewable energies and increasingly eliminates fossil fuels. From this perspective, the pressure is on to approach these concepts.

It has also been recognized in the industry that the newly introduced Fuel Emissions Trading Act (BEGH) will result in significantly higher costs for companies in the future if CO2 emissions are deemed high. For this reason, numerous representatives from industry (e.g. MAN, Opel, …) and also from the banking sector (BNP Paribas) were present, who are intensively considering the situation and are looking for a wide range of services.

We would like to thank everyone who was involved in preparing for and following up on the trade fair and, of course, our colleagues on site. We are already looking forward to GeoTHERM 2025 (20/21.02.2025), which will once again be held in Offenburg.