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Kungsleden plans to reduce energy consumption with custom-built geothermal plant.

NORDIC BUSINESS REPORT-June 16, 2014-Kungsleden plans to reduce energy consumption with custom-built geothermal plant

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Swedish property company Kungsleden AB (STO:KLED) (OSE:KGLED01) announced on Friday, that from autumn 2014, its biggest property in Kista outside Stockholm will be heated and cooled using a renewable energy source in the form of a custom-built geothermal energy plant.

This project is reportedly being completed in partnership with energy supplier Eco2 Energy. The expected energy savings imply that the property qualifies for Green Building certification.

According to the company, the office property, Torsnas 1, had an existing cooling system that required extensive upgrades and investment, and so it opted to comprehensively re-evaluate the property's energy supply, both in terms of heating and cooling. As the property sources its heating as well as its cooling from the bedrock beneath the property, this reduces the energy required by up to 75%.

Work on the geothermal plant will begin during the summer 2014, with heating and cooling production scheduled to start in autumn 2014, the company said.

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Publication:Nordic Business Report
Date:Jun 16, 2014
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