2022-11-25 06:48:15

Renault wants to use water from depths of 4,000 meters to supply heat to an old production plant

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CNBC
By Anmar Frangoul

Key Points

  • The Renault Group's CEO, Luca de Meo, describes plans for company's Douai plant as one of the most ambitious decarbonisation projects on a European industrial site.
  • The U.S. Department of Energy says geothermal energy supplies renewable power around the clock and emits little or no greenhouse gases.
  • Renault says it's targeting carbon neutrality in Europe by the year 2040 and globally by 2050.

In this article

  • RNO-FR
  • ENGI-FR

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A Renault logo photographed in Bavaria, Germany. The French automotive giant says it's targeting carbon neutrality in Europe by 2040 and globally by 2050.

Igor Golovniov/Sopa Images | Lightrocket | Getty Images

The Renault Group is working with French utility Engie on the development of a geothermal energy project at the automaker's Douai facility, with the collaboration set to last 15 years.

In a statement, Renault said Thursday a subsidiary of Engie would start drilling work at Douai which was established in 1970 and focuses on bodywork assembly in late 2023.

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