Annual Report 2014
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Country Reports

MONACO

HE Bernard Fautrier Government of the Principality of Monaco


TECHNOLOGY DEMONSTRATION

OPERATIONAL OCEAN ENERGY PROJECTS
In Monaco, the sea is used as a renewable energy source for the development of a heat pump system. The first heat pump with sea water in Monaco dates back to 1963. Today, 64 heat pumps produce 17% of the energy consumed in the Principality. Many buildings located on the coast benefit from this reversible system, for heating in winter and air-conditioning in summer. These save the equivalent of 15,000 metric tons of oil per year. One example is the reference project in the Grimaldi Forum (Congress Centre). Five sea water heat pumps have a cold exchange capacity of 5.1 MW and a heat exchange capacity of 6.5 MW.