Daimler Truck, EnBW Launch Joint Venture for Heat Generation
By Helena Smolak
Daimler Truck Holding set up a joint venture with German energy company EnBW Energie Baden-Wuerttemberg and the city of Worth am Rhein to explore the potential use of geothermal energy at Mercedes-Benz Group's plant in Worth.
The German truck maker said Friday that the WarmeWerk Worth joint venture, established after a decision by the town council in July, would build and operate a geothermal plant to generate heat at the Worth site if it determines that geothermal energy can be used.
Excess geothermal heat will be used to supply existing municipal heating networks in the city, Daimler Truck said.
The joint venture also aims to explore the region for the development of geothermal energy, establishing the most suitable location for a geothermal well.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
October 06, 2023 08:01 ET (12:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?