The Council of Cornwall to invest $2.2m in EGS geothermal work
The Cornwall Council announces an investment of GBP 1.5 million to unlock other funding for geothermal work in Cornwall, England.
The Council of Cornwall in the UK has decided to invest GBP 1.5 million (around $2.2 million) into geothermal work in Cornwall, which will unlock financial grants from the European Union for work on EGS projects.
This follows a report that noted that in order to unlock from the EU, an investment by the council would have to be made.
“The deep geothermal resource in Cornwall, if successfully exploited, has the potential to provide Cornwall with significant economic, environmental and social benefits,” says the report.
There have been two projects being explored, one at the Eden project and another one by Geothermal Engineering. It is to be assumed that funding would be given to both projects. We will report if we find out more.
Source: Plymouth Herald