Veolia is paving the way in the transformation of heating networks, driven by its ambition to become the leader in urban heating in Europe and to achieve a full coal exit on the continent by 2030.
In response to cities’ energy challenges and to ensure their security of supply, Veolia launches Ecothermal Grid, an innovative new offer based on a comprehensive approach to carbon-neutral urban heating through the decarbonization of existing networks and the development of new district heating infrastructure aiming a turnover of €350M by 2030.
The urban heating market is expanding rapidly in Europe, valued at €60 billion in 2023 and expected to reach €80 billion by 2030.
With up to 500 heating networks in Europe and an average efficiency of 88% (vs 70–90% in Europe), Veolia has already helped reduce almost 2 Mt CO₂ between 2021 and 2024.