Duurzame Energie Veenendaal-oost (DEVO)

Veenendaal, Netherlands
Invested through
  • Triodos Groenfonds
  • Triodos Multi Impact Fund
Asset ClassesPrivate debt
Impact strategyEnergy and Climate
Aligned with SDGs

The Municipality of Veenendaal in the Netherlands has set up an energy company in collaboration with Quattro Energie: DEVO BV (Duurzame Energie Venendaal Oost, or Sustainable Energy Veenendaal East). DEVO supplies sustainable energy in the Veenendaal-Oost residential area. Its sustainable energy system consists of various elements, which are largely located outside the homes. The main components are the heat pump, two underground storage locations and a combined heat and power plant. Except for a heat meter to record the energy requirements, no special equipment is required inside the homes: the heat or cooling is distributed to the homes through the pipes of the distribution system.