In the News
30.05.12Technical report outlines the UK deep geothermal potential:
Up to 20% of the UK's base electricity demand as well as heat for millions of homes.
Key findings include:
· The resource is widely spread around the UK with ‘hotspots’ in Cornwall, Weardale, Lake District, East Yorkshire, Lincolnshire, Cheshire, Worcester, Dorset, Hampshire, Northern Ireland and Scotland
· Cost reduction potential is exceptionally high
· Deep geothermal resources could provide 9.5GW of baseload renewable electricity – equivalent to nearly nine nuclear power stations – which could generate 20% of the UK’s current annual electricity consumption
· Deep geothermal resources could provide over 100GW of heat, which could supply sufficient heat to meet the space heating demand in the UK
· Despite this significant potential, the UK support regime is uncompetitive with other European countries.
Leonie Greene, Head of External Affairs for the REA said; “The investment needed to kick-start this very promising industry is very modest indeed. Isn’t this exactly the kind of investment the UK Government should be making today to secure our future prosperity?”
For the full version of the report, please contact Leonie Green, Head of External Affairs at the REA, on 020 7981 0856 or email LGreene@r-e-a.net.