Ecotricity is to purchase the power produced in Cornwall under the Power Purchase Agreement (PPA) through the United Downs demonstration initiative of Geothermal Engineering, the first period that the geothermal electricity would be generated and sold in the United Kingdom. Geothermal Engineering […]
Ecotricity is to purchase the power produced in Cornwall under the Power Purchase Agreement (PPA) through the United Downs demonstration initiative of Geothermal Engineering, the first period that the geothermal electricity would be generated and sold in the United Kingdom. Geothermal Engineering stated that the PPA followed the current round of operational tests at the deep geothermal site. Within the terms of the arrangement, a guarantee of 3MW of baseload power will be received by Ecotricity.
“The work we have done lately on the wells, such as the deepest well ever sunk onshore in the United Kingdom – over 3 miles deep – demonstrates the tremendous capacity of geothermal energy to provide heat and electricity, not just at our location but all the way through Cornwall. This stems from the latest finding of a large concentration of lithium in our geothermal water. “We are very optimistic that this renewable component could bring sector, investment as well as jobs to the region.” Dale Vince, CEO of Ecotricity, stated: “Geothermal power is an up-and-coming source of energy that is still unexplored in the United Kingdom.”
We are happy to be a part of the initiative and bring power to our customers’ energy mix. In our efforts to decarbonize the world, it has a major role to play. In the next 2 years, Geothermal Engineering aims to secure plans for potential sites. Each site’s goal would be to generate at least 5 MW of renewable baseload energy and a maximum of 20 MW of renewable heat available 24/7.
The use of geothermal power is not limited to supplying homes. It is expected that energy will be used for maturing and distilling rum from the United Downs site. Last year, the geothermal pool using warm water from well-constructed by GEL was opened by the region of Penzance. The firm is also interested in a venture at the United Downs site with yet another firm, Cornish Lithium, which is trying to extract lithium from the geothermal waters. While the geothermal industry in the United Kingdom is nascent, it is more mature elsewhere. The National Energy Authority of Iceland said geothermal power facilities provide 25 percent of the region’s total electricity supply.
The UDDGP venture is the United Kingdom’s first geothermal power station. Cornwall Council, The European Regional Development Fund, and Thrive Renewables plc are financed by a combination of public as well as private funds. The project’s objective is to generate heat and power at the United Downs Industrial Site that is located near Redruth from hot granite rocks underneath Cornwall.https://newsinpaphos.com/