Electrocentrale Bucuresti (ELCEN) signed on Tuesday a Memorandum of Understanding (MoU) with Sage Geosystens Incorporated, a US company that develops geothermal energy exploitation and storage technologies, in order to carry out a feasibility study on the implementation of geothermal resource utilization technologies within the centralized heating system in Bucharest.The Memorandum of Understanding was signed by the general director of ELCEN, Claudiu Cretu, in the presence of the secretary for Energy of the United States of America, Jennifer Granholm, and the minister of Energy, Sebastian Burduja, on the sidelines of the P-TECC Ministerial Business Forum Business - Transatlantic Partnership for Energy and Climate Cooperation), event organized by the Ministry of Energy in partnership with the US Department of Energy on July 23-24 in Bucharest.According to a press release sent to AGERPRES, through this MoU, ELCEN will facilitate access to relevant data and the necessary infrastructure in order to carry out the feasibility study and will contribute with technical expertise and operational knowledge specific to the centralized heating system at the level of the Municipality of Bucharest. Sage Geosystems will carry out the technical and geological analysis and the feasibility study regarding the geothermal energy use solution.The benefits of this collaboration are aimed at ensuring sustainability, innovation and efficient economic solutions regarding the future of centralized heating in the Bucharest City. This approach is in full accordance with the national and European objectives regarding the transition to sustainable energy.According to the source, for ELCEN the long-term stake is the integration of renewable technologies in the process of producing electricity and thermal energy. The exploration of the integration potential of geothermal energy comes in the context of the existence of geothermal resources on almost the entire surface of Bucharest, especially in its northern part. Geothermal energy is already successfully used for this purpose in the western area of Romania.
The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]
Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]
Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...
The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]
Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...
In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]
