PannErgy

Corporate Details

ISIN(s):

HU0000089867

LEI:

529900D05TGFDEQACZ88

Country:

Hungary

Address:

Boldizsár u. 2., 1112 Budapest

Website:

https://pannergy.com/en/

Sector:

Utilities

Industry:

Independent Power and Renewable Electricity Producers

Description

It is a major step forward for humanity to moderate and in some cases eliminate our dependence on fossil energies by utilizing other, alternative energy resources, such as geothermal heat. PannErgy is committed to the energy-related exploitation of one of Europe’s largest active geothermal water resources. With environment-sparing investments, our company is able to set geothermal heat to serve households and industrial users in the long run, thereby achieving considerable reduction in energy expenses. By replacing fossil fuels that are imported from abroad, PannErgy’s investments will significantly contribute to the reduction of geopolitical uncertainty, strengthening Hungary’s energy independence. In order to protect surface waters and ground water at the same time to ensure the long-term sustainability of the geothermal system, PannErgy considers it essential that all extracted geothermal fluids are reinjected.