ThinkGeoEnergy – Geothermal Energy News

UK geothermal project pushing forward with $13.5 million EU funding

Geothermal Engineering Ltd. (Source: Geothermal Engineering Ltd. website)

European Regional Development Fund to support “revolutionary geothermal venture” in Cornwall, England.

The United Downs Deep Geothermal Power project by Geothermal Engineering Limited (GEL) has been making the news lately.
With an investment from the European Regional Development Fund (ERDF) of up to GBP10.6m ($13.5 million), the project owner Geothermal Engineering Limited (GEL) is pushing forward a “revolutionary geothermal venture” at United Downs near Redruth in Cornwall, England.
The project, which is the first of its kind in the UK, will explore the geothermal resources at depth and hopes to use the energy to drive a demonstration power plant supplying electricity to the local grid.
Source: £10M hot rocks investment and £10.6m grant for geothermal venture
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