Monaco
85 Degrees Renewable is a geothermal energy company that aims to provide direct heating for the agriculture, housing, and industry sectors. Founded in 2020 and based in Monaco, the company focuses on identifying and developing high-quality geothermal projects, initially concentrating on the Netherlands. With a management team comprising some of Europe’s most experienced geothermal specialists, 85 Degrees is well-positioned to meet the ambitious energy transition targets set by the Dutch government and the EU.
The company's mission is to deliver clean, affordable, and sustainable heat to the target sectors, offering a rapid transition to carbon dioxide-free energy and heating in a third of the time it currently takes other players in the Dutch market. Notably, all projects are low-pressure, low risk, and water-based, minimizing visual disruption and posing negligible risk to local communities during drilling or well site upgrading.
85 Degrees Renewable's focus on renewable energy in the geothermal sector makes it an intriguing prospect for venture capital investment, particularly in view of its potential to significantly benefit the agriculture, housing, and industry sectors in the European market.
