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Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

The Renewable Energy Association and Arup have estimated* that the development of deep geothermal projects in the UK could fulfil the UK’s entire residential heat demand for 100 years and create as many as 10,000 direct and 25,000 indirect jobs by 2050.

Energy 147
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GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

The Renewable Energy Association and Arup have estimated that the development of deep geothermal projects in the UK could fulfil the UK’s entire residential heat demand for 100 years and create as many as 10,000 direct and 25,000 indirect jobs by 2050. “We

Law 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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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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Unlocking Geothermal Energy: Overcoming the Obstacles

EDF + Business

Successful deployment of several commercial-scale projects will be needed to de-risk EGS and ready it for private sector investment. These commitments add up to just a fraction of funding earmarked for clean hydrogen, which includes $9 billion to develop manufacturing hubs, stimulate demand, and support RD&D. Photo credit: FORGE.

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.

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Global Briefing: Australia passes landmark climate legislation

Business Green

It will deploy CarbonCapture's DAC modules on top of Frontier's CO2 transportation and storage infrastructure in Wyoming, in a bid to "meet the rapidly growing demand for carbon removal credits". US Department of Energy launches new geothermal power 'Earthshot'. Investments in solar capacity have paid off," said Pawe?