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Signature(s)

Amount
€ 35,000,000
Countries
Sector(s)
Portugal : € 10,010,000
Germany : € 10,010,000
Denmark : € 10,010,000
Energy : € 35,000,000
Signature date(s)
11/12/2024 : € 4,970,000
11/12/2024 : € 10,010,000
11/12/2024 : € 10,010,000
11/12/2024 : € 10,010,000

Summary sheet

Release date
16 December 2024
Status
Reference
Signed | 11/12/2024
20230665
Project name
Promoter - financial intermediary
RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
RONDO ENERGY INC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 35 million
EUR 78 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The project consists of the deployment of the European demonstration pipeline of RONDO's power-to-heat energy storage solution to decarbonize industrial heat supply. It includes the construction and operation of three Rondo Heat Batteries (RHB100) with 100MWh storage capacity each in Denmark, Portugal and Germany and the related research and development activities.

RHB is an innovative power-to-heat solution to decarbonize heat supply by storing electricity produced by variable RES in the form of heat and ensuring continuous heat supply for utility and industrial use

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
Signed
24 June 2024
11 December 2024
Related projects

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
Publication Date
2 Jul 2024
Document language
Main Topic
Lending
Document Number
213749599
Document Focus
Environmental Information
Project Number
20230665
Sector(s)
Regions
Publicly available
Download now

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