Creation date: June 3, 2016
The €20 million GEMex project brings together European and Mexican researchers to explore new sources of geothermal energy. The project was selected in a joint EU-Mexican call for proposals.
Carlos Moedas, European Commissioner for Research, Science and Innovation, and Pedro Joaquín Coldwell, Mexican Secretary of Energy, announced the result in the margins of the Clean Energy Ministerial Meeting on 2 June in San Francisco.
GEMex will develop innovative methods for accessing the earth's vast resources of heat now trapped in variable geological formations. The ultimate objective is to make this renewable energy source cost-effective and affordable both for electricity and heat production. The project will adhere to the strictest environmental standards and address issues around social acceptance of the technology.
The three-year project will start in the autumn of 2016. INEA will oversee its implementation.
The EU and Mexico contribute equally to the €20 million project. The EU's share comes from Horizon 2020, and the other from Mexico's Fondo de Sustenibilidad Energética (SENER) - Consejo Nacional de Ciencia y Tecnología (CONACYT).
Read the full announcement.