We are dedicated to delivering clean, sustainable heat for district heating networks. Leveraging vast geothermal resources, we actively drive decarbonization and are uniquely positioned to scale our expertise from small communities to major cities such as Bucharest and Timișoara.
Green District Heating
With the adoption of the Climate Law in 2021, the European Union committed to aggressively cutting greenhouse gas (GHG) emissions—targeting a 55% reduction by 2030 and achieving net-zero by 2050.
Globally, more than 10,000 cities and local governments, representing over 900 million people, have pledged to combat climate change under the Global Covenant of Mayors for Climate and Energy. According to the International Energy Agency (IEA), by 2030, these cities could contribute to an annual reduction of 2.3 billion tons of CO₂.
However, such ambitious targets cannot be met without de-carbonizing cities heating.
Cities are among the largest contributors to CO2 emissions, accounting for 75% of global energy consumption and 70% of global CO2 emissions. Urban populations is expected to surpass 68% of total population by 2050 and reducing emissions from heating, cooling, transportation, and waste management could cut urban carbon output by nearly 90% by 2050.
THIS IS WHERE GREEN TECH FITS IN:
By supplying green, sustainable heat to district heating systems, we can decarbonize major cities such as Bucharest and Timișoara using our 30+ years of expertise in geothermal heating.
Green Tech ⋅ district heating
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Robert Pană
Board
20+ years in executive management and corporate governance
Worked with top organizations such as BVB, Hidroelectrica, and Swiss Capital
In depth expertise with financial markets and regulations
Radu Fărnoagă
Chief Geologist
40+ years experience in geothermal water, and oil and gas drilling
Oversees all geological aspects related to drilling and exploitation of geothermal wells
Broad expertise in geology, hydrogeology and geophysics
Lars A. Haussmann
President | Board
20+ years as a leader in finance
and investments
Leads the largest European
portfolio of geothermal wells
Extensive experience in economic
and accounting sectors
Horia Pitulea
CEO | Board
10+ years in geothermal energy and management
Led Green Tech to EUR240 million IPO in 2024
Background in engineering and business administration
Gabriel Dumitraşcu
Business Development | Board
25+ years in technical and
political fields
Developed robust business strategies for Green Tech
Extensive expertise as manager and board member of major companies in the electrical and thermal energy field
Dragoş Gavriluță
Chief Operating Officer
25+ years in finance, operations and general management
Experience in B2B and B2C, both in Europe and North America
Expertise in operations, finance, continuous improvement and project management
Cristian Nae
Non-Executive Board
20+ years in electronics and
telecommunications
Experience with major banks like BCR and CEC Bank
Expertise in financial technology and banking
Bruce Borntraeger
Board
15+ years in private markets and banking
Worked with top financial institutions like ABN AMRO
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