We have built a strong international group that provides comprehensive services in the field of energy. The group focuses on 21st century energy. The focus on Green Deal's challenges is also reflected in MND's long-term goals. In 2025, we will achieve 100% energy self-sufficiency from green sources. And by 2040, the group will achieve carbon neutrality and 75% of our energy sales will come from renewable and transitional sources. MND is also the fastest growing independent energy supplier in the Czech Republic, with the number of electricity and gas consumption points reaching a quarter of a million.
1/2 our success
depth of well in first project phase
height of drilling rig
of MND DS in geothermal energy
MND Drilling and Services (MND DS), with its high-performance Bentec 450 drilling rig, is involved in a geothermal well in Cornwall, UK, which will create a renewable, recirculating power source for the EDEN site. With this contract, the company makes a significant move into the promising geothermal energy segment.
2/2 our success
receive our gas
receive our electricity
MND is one of the fastest growing new suppliers in the energy market. Currently, 173,100 customers receive energy from MND, 89,743 customers gas and 83,391 customers electricity.
In recent years, we have expanded our business mission from the exploration and extraction of oil and natural gas to cover further activities and processes, especially in the field of protecting the natural environment. These include CCS, developing solutions so that we become more self-sufficient in our energy use using blue and green energy sources.
We see potential in geothermal energy, which is one of the closest energy sources to our original business mission. We’re currently assessing how we can use obsolete oil and gas wells to develop geothermal energy sources. Moreover, we’re intensively building renewable energy sources such a wind and solar energy. The largest project of this type is the construction of the Oriv wind farm in Ukraine.
Exploration and extraction of oil and natural gas sources remain an important part of MND’s busi-ness activities, however. Our exploration and extraction activities currently extend to the Czech Republic, Ukraine, and Georgia.
We are a drilling contractor that is engaged international activities in several European countries. As well as providing comprehensive services in the drilling and rigging of exploration and production wells for oil and natural gas, our portfolio is expanding. In the past few years, our focus has shifted to drilling hydrothermal and geothermal wells, and wells for underground gas reservoirs. Our mod-ern Bentec drilling rigs can be activated directly through a high-voltage circuit. This allows them to drill deep geothermal wells and limit their greenhouse gas usage.
Our other activities include underground probe repairs and the ecological destruction of outdated probes that are no longer in use.
We have storage capacities in excess of 500 million m³. We have been building and operating un-derground reservoirs since 1999. In 2001, we built an underground reservoir in Uhřice. Twelve years later, the facility was significant modernized and it is now one of the most advanced and flexible reservoirs in Europe. As of 2021, it is capable of storing hydrogen mixed with natural gas of a level up to 5% H2. This allows it to store transformed electrical energy. One year later, in 2022, we com-pleted the acquisition of the Stockstadt and Hähnlein underground reservoirs in Germany. These are also ca-pable of storing hydrogen mixed with natural gas as transformed electrical energy. In 2016, we launched PZP
Dambořice, one of the largest underground reservoirs in the Czech Republic.
A strong retail brand
We entered the retail segment in 2014. Despite strong competition on the Czech energy market and the unwillingness of customers to change suppliers, we have been able to build a strong brand. Because we realize our own mining operations and price monitoring on the wholesale market, we are able to provide our customers with long-term, competitive prices.
One of the largest energy commodity traders in the Czech Republic
At the same time, we are a major European player in the gas storage capacity market. MND Trading trades in commodities such as gas, electricity, oil, coal and CO2 allowances and is dynamically ex-panding its geographic coverage.
