Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
    Most visited pages

        RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST

        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
        Other links
        Related public register
        02/07/2024 - Environmental and Social Data Sheet (ESDS) - RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
        Parent project
        TECHEU THEMATIC GREEN TRANSITION (VD DEBT) LE II

        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 documents
        02/07/2024 - Environmental and Social Data Sheet (ESDS) - RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
        Related projects
        Parent project
        TECHEU THEMATIC GREEN TRANSITION (VD DEBT) LE II

        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
        English
        Main Topic
        Lending
        Document Number
        213749599
        Document Focus
        Environmental Information
        Document Type
        Environmental and Social Data Sheet (ESDS)
        Project Number
        20230665
        Sector(s)
        Energy
        Regions
        European Union
        Countries
        Denmark
        Germany
        Portugal
        EU Countries
        Publicly available
        Download now
        or Link to source
        Link to source
        Related public register
        02/07/2024 - Environmental and Social Data Sheet (ESDS) - RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
        Other links
        Summary sheet
        RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
        Data sheet
        RONDO DEMONSTRATION PIPELINE (IEU GT2)-CATALYST
        Parent project
        TECHEU THEMATIC GREEN TRANSITION (VD DEBT) LE II

        General enquiries and comments

        The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
        Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
        Alternatively, the EIB can be contacted through its external offices.
        Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

        Zero tolerance against fraud and corruption

        The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

        Related publications