CEE invests in geothermals company Planetherm GmbH
Conetwork Erneuerbare Energien Holding GmbH & Co. KgaA (CEE), has invested an undisclosed sum in Planetherm GmbH. The deal is rumoured to be valued between €3-7m.
Selent-based Planetherm is a provider of geothermals contracting for heat pumps. Rather than acquiring their own geothermal heat pump, the private or industrial customer agrees with Planetherm to buy heat provided by Planetherm-run and owned devices.
Founded in 2006, the company operates more than 100 plants in middle and northern Germany.
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