30 May '12, 9am

Deep geothermal resource has potential to produce up to #20% of #UK #electricity and heat for millions

On account of the exploration risk inherent with geothermal projects, targeted support at the exploration drilling phase has the potential to stimulate the industry much more cost effectively than a high electricity revenue alone. SKM’s report states that: “risk reduction support is the most critical in developing a cost effective large utilisation of the geothermal resources in the UK. This is particularly needed to enable the early development of sedimentary aquifers for direct heat use as this offers the potential for the most significant and early contribution to meeting the UK commitments to the EU’s Renewable Energy Directive.”

Full article: http://www.r-e-a.net/news/deep-geothermal-resource-has-po...

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