Established in 2007, Rototec Group drilled over 7,000 energy wells last year and has now reached over 58,000 drilled geothermal energy wells in the Nordics. The company has grown into Europe’s largest company in the geothermal energy branch and the wells Rototec has drilled saved last year 275,850 tonnes of CO2.
Rototec has drilled over 58,000 geothermal energy wells in the Nordics offering free energy which correlates to 668,556 oil barrels. This saved cumulatively 275,850,000 kilos of CO2 emissions in year 2020 alone (238,890,000 kilos in 2019). By comparison, you could fly one-way 240,497 times from Helsinki to Bangkok or drive 49,259 times around the world to achieve this amount of carbon emissions. Moreover, transitioning to geothermal energy supports achievement of climate targets.
During 2020, the company ensured its operations through good project planning, well managed implementations and readiness for changes due to quickly changing environment due to the COVID-19 pandemic. Turnover remained on a good level and was over EUR 51 million (EUR 56.7 million in 2019). The company implemented over 3,000 projects last year and the current average of well depth is 237 metres, including all the segments from small to medium and large.
“We are growing profitably, according to our strategy, and had a good result last year despite COVID-19. We are developing our operations and production all the time to stay as the pioneer in geothermal energy and this year we will see many interesting projects such as HYBGEO project which aim is to drill semi-deep wells [600-1,000 metres] cost-effectively,” says Alexej von Bagh, CEO, Rototec Group.
Rototec offers all the services from consulting and design of geothermal energy fields to their implementation. The company has headquarters in Finland and several offices in different locations in Sweden and Norway.