Fully Carbon-Neutral Operation at PannErgy

The Hungarian geothermal energy company PannErgy says it has been able to replace the emission of more than half a million tons of carbon dioxide with green heat production.

As a green energy producer, PannErgy says it has has long been one of the major players at the forefront of zeroemission energy production in the Hungarian energy industry. The company would like to actively contribute to the achievement of the objectives defined in the Paris Agreement on climate change by joining voluntary projects in which small emissions resulting from current operations are compensated for in the form of Guarantees of Origin (GOs) and carbon credits. In practice, this can be achieved by acquiring Scope 1 and Scope 2 emission levels of the Greenhouse Gas Protocol.

At the start of 2021, PannErgy decided not to keep the current track of its operational development focusing on environmental protection and sustainability but to aim for the highest level, a fully carbonneutral operation.
In order to achieve total carbon neutrality, from the start of business year 2021, PannErgy Group is not only analysing its own situation, but also actively reacts to all material divergence from the carbonneutral position. Accordingly, the Company supplies the electricity necessary for the operation of its machines and equipment, such as well pumps and other surface equipment, from renewable energy sources, and also aims to neutralise the carbon emission of the vehicles used by the Group.
PannErgy compensates for its Scope 1 emission levels by acquiring 57 VCUs (Verified Carbon Units), and for its Scope 2 emissions, by acquiring a Guarantee of Origin representing 23,000 MWh of electricity produced. VCUs have obtained internationally recognised “Verified Carbon Standard” certification.