Veolia Ambitions to Lead European District Heating by 2030 and Launches New Offer in Urban Energy
VEOLIA ENVIRONNEMENT ADR (VEOEY)
NASDAQ:AMEX Investor Relations:
veolia.com/en/veolia-group/finance-area
Company Research
Source: Business Wire
Veolia is paving the way in the transformation of heating networks, driven by its ambition to become the leader in urban heating in Europe and to achieve a full coal exit on the continent by 2030.In response to cities’ energy challenges and to ensure their security of supply, Veolia launches Ecothermal Grid, an innovative new offer based on a comprehensive approach to carbon-neutral urban heating through the decarbonization of existing networks and the development of new district heating infrastructure aiming a turnover of €350M by 2030.The urban heating market is expanding rapidly in Europe, valued at €60 billion in 2023 and expected to reach €80 billion by 2030.With up to 500 heating networks in Europe and an average efficiency of 88% (vs 70–90% in Europe), Veolia has already helped reduce almost 2 Mt CO2 between 2021 and 2024. PARIS--(BUSINESS WIRE)--Regulatory News:Veolia (Paris:VIE) affirms its ambition to become the European leader in district heating by 2030 and to completel
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News
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