Innargi has successfully secured a capital raise with Danish pension fund ATP and local utility NRGi as co-investors, aiming to revolutionize urban heating through geothermal energy solutions.

Information on the Target

Innargi is a pioneering company in the geothermal energy sector, dedicated to providing customized end-to-end 'heat-as-a-service' solutions specifically designed for district heating companies. By leveraging geothermal energy, Innargi creates tailor-made systems incorporating cutting-edge technology and custom-built plants that seamlessly integrate with urban environments.

The company has embarked on a mission to revolutionize the way urban buildings are heated worldwide. A significant milestone in this journey is Innargi's agreement to construct Europe’s largest geothermal heating plant in Aarhus, Denmark, which plays a critical role in the ongoing efforts toward the decarbonization of heating across the continent.

Industry Overview in Denmark

Denmark is at the forefront of renewable energy adoption, with geothermal energy emerging as a vital component of the nation’s green transition strategy. The Danish government has set ambitious targets for reducing carbon emissions and promoting sustainable energy solutions, creat