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Ecotricity strikes landmark deal to secure geothermal power from Cornish plant

Business Green

Major milestone for emerging renewable energy sector as developers of UK's first geothermal power plant agree to sell 3MW of baseload power to green energy supplier. Geothermal Engineering founder and managing director Dr Ryan Law said geothermal energy could bring industry, investment, and jobs to Cornwall.

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GEL awarded the first-ever Contracts for Difference for geothermal

ThinkGeoEnergy

This is a hugely significant milestone in our push to extend the boundaries of what’s possible with geothermal power and heat. Securing these CfDs will also provide the necessary financial foundation to allow more substantial investment in the multiple projects that we have planned in the UK.

Law 98
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Drill dominion: First ever CfDs awarded for geothermal energy

Envirotec Magazine

. “Geothermal can provide zero carbon, 24/7 electricity and heat, thereby bypassing intermittency issues faced by technologies such as wind and solar.”

Energy 147
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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. Enhanced geothermal Clean hydrogen Production tax credit direct pay option No Yes Bipartisan Infrastructure Law $84 million for demonstrations of power production and direct use. Recent U.S.

Energy 57
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US DOE announces $60M funding for three EGS projects

ThinkGeoEnergy

Fervo Energy — This pilot within the Milford Renewable Energy Corridor in Utah and adjacent to the DOE’s Frontier Observatory for Research in Geothermal Energy (FORGE) field laboratory aims to produce at least 8 megawatts of power from each of three wells at a site with no existing commercial geothermal power production.