Geo-Energy for the XXIst Century

ended

The objective of the GEO ENERGY EUROPE 2 project proposal (Strand 2a) is to assist European Small and Medium sized Enterprises (SMEs) to win work in third country markets. This objective will be accomplished through international business development and capacity building activities tailored to the strengths of the member companies and the markets which they have an ambition to export to. The main target markets of this GEO ENERGY EUROPE meta cluster are Kenya, Chile, Canada and New Zealand. Diversifying the markets of European SMEs is key in order to ensure their financial robustness in the event of adverse economic conditions, in addition to supporting the expansion of employment in a niche scientific and engineering related discipline. While exporting geo-energy related expertise is the core business area of the GEO ENERGY EUROPE SMEs, cross sectoral business opportunities exist which further contribute the capacity for European SMEs to diversify their operations. This is of particular importance in instances where the geo-energy companies main business area is in the field of hydrocarbons which are in the process of being phased out of global energy supplies. The creation of new sustainable services for these companies in particular, which draw on the companies knowledge of the subsurface but applies it in sustainable way, such as the harnessing of geothermal energy, afford the chance of supporting jobs that would be in danger of being obsolete if an alternative market were not identified for their use. The project will be carried out by a consortium of clusters that gather companies (mainly SMEs), research laboratories and other organisations involved in geoscience and subsurface engineering. The Project will be primarily dedicated to the European SMEs that are members of the Project participants, with the purpose to help them integrate their activities into global value chains in order to maximise international export opportunities.