In early December 2014, Cleanventure AG succeeded in winning the bid to supply heat for a significant portfolio of residential properties. The project was realised as a joint venture together with a German metering services company. Within the scope of the joint venture, Cleanventure will be responsible in particular for refitting and expanding the existing heating systems, turning them into ultra-efficient cogeneration systems through the use of CHP units.

This tender was one of several contracting projects under negotiation that Cleanventure AG has now succeeded in winning. The project is considered to be the spark that will ignite a fundamental change in the prevailing mentality of the German housing industry. Cleanventure plans to expand this line of business in financial year 2015, creating access to further substantial residential portfolios and the possibility to supply energy.