In the geothermal market, TOLO Green has invested in the development of European markets, acquiring exclusive access and all the licenses necessary for the exploitation of one of the largest geothermal reservoirs in Eastern Europe.
The production of energy from geothermal sources does not require the use of fuels and therefore does not suffer fluctuations in the price of the latter. It uses proven technologies and a renewable energy source. In addition, geothermal energy is available 24 hours a day, 7 days a week, avoiding problems of production variability of other renewable energy sources.
According to the EIA, geothermal plants release less than 1% of the CO2 emissions of a fossil fuel plant into the atmosphere and emit 97% less sulfur compounds that cause acid rain. For this reason, geothermal projects can be remunerated by issuing Green Certificates provided for by the Kyoto Protocol (CER and / or ERU).