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Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

The first Contracts for Difference (CfD) have been awarded for geothermal energy in what seems to be a major milestone for home-grown power and heat in the UK. GEL is targeting 25 MWe of baseload electricity and 100 MWh of heat energy across its geothermal portfolio by 2028, enough heat and power for 70,000 homes.

Energy 147
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EDC celebrates 40th anniversary of Tongonan geothermal field, Philippines

ThinkGeoEnergy

The Energy Development Corporation (EDC) recently celebrated the 40th year anniversary of the Tongonan geothermal power plant in the Leyte geothermal field of the Philippines. After several years of intensive exploration and development work, the Tongonan-1 geothermal power plant was inaugurated on July 02, 1983.

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GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

GEL’s flagship site at United Downs is the first geothermal project in the UK, forecast to deliver electricity by 2025. GEL is targeting 25 MWe of baseload electricity and 100 MWh of heat energy across its geothermal portfolio by 2028, enough heat and power for 70,000 homes.

Law 98
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GEL to produce geothermal lithium from Cornwall, UK projects

ThinkGeoEnergy

GEL has already drilled two geothermal wells for the United Downs Deep Geothermal Project (UDDGP) – a production well that is 5275 meters deep, and a reinjection well that is 2393 meters deep. “There is a great deal of interest in direct lithium extraction from geothermal resources.

Lithium 98
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Plans for Cornwall geothermal plant heat up thanks to £15m funding boost

Business Green

The company revealed this morning it has secured £12m from private equity firm Kerogen Capital and £3m from clean energy investor Thrive Renewables PLC that should allow it to complete work on its flagship United Downs geothermal facility near Redruth.

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Unlocking Geothermal Energy: Overcoming the Obstacles

EDF + Business

Karine Kleinhaus and Andrew Howell, CFA Oil and gas companies, federal agencies, and ambitious start-ups are coming together around innovation in geothermal energy that could give it a foundational role in the emerging clean power grid. Department of Energy estimates that EGS could help propel geothermal from its 0.4%

Energy 57
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Next Prime Minister to face legal requirement to beef up Net Zero Strategy

Business Green

Ruling on a case brought by Friends of the Earth, ClientEarth, and the Good Law Project, Mr Justice Holgate agreed the strategy lacked sufficient explanation or quantification as to how the decarbonisation plans set out in the Net Zero Strategy published last autumn would achieve emissions targets for the 2030s and beyond.