Why does Migros Bank see such a great potential in innovative closed-loop systems?
The article featuring Jon Mengiardi, CEO of SwissDGS, offers fascinating insights into a highly underrated technology with immense promise. It’s a compelling read for anyone interested in sustainable energy and forward-thinking solutions.
Summary
Deep geothermal energy is considered a promising energy source for Switzerland. In the long term, it could cover up to 25% of the country’s heating needs and even contribute to electricity generation. The company SwissDGS, with support from the Migros Pioneer Fund, is developing an “Icebreaker Project” aimed at breaking down prejudices against this technology and establishing innovative closed-loop systems. These systems harness the heat from rock without relying on natural deep groundwater and benefit significantly from advances in the oil and gas industry. The facilities deliver nearly CO₂-free energy, are independent of weather conditions, and have a long lifespan—but they require high initial investments. The goal is to have a pilot plant operational by 2030, paving the way for a sustainable energy future.
