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