The geothermal plant replaces the town's existing natural-gas powered district heating system with environmentally-friendly geothermal energy.

Following the drilling of a successful 1,820-meter deep production well in September 2009, and later another effective well for reinjection, the contractor, Icelandic engineering firm Mannvit commenced on an project for the project owner Szentlőrinci Geotermia Zrt to deliver the fully functioning geothermal heating plant. The functional completion and start-up of the geothermal heating plant was completed on December 29, 2011.

The entire project cost HUF 1.3 billion and is the largest geothermal development enterprise to date in Hungary. The heating system is intended to be further developed to heat local schools and municipality buildings, while the return water can be used to heat green houses.

Listed alternative energy company PannErgy and Mannvit have been working in collaboration for over four years through Mannvit’s Budapest office.