Friday, March 11, 2016

United Kingdom: Cornwall Invests £1.5 Million in Geothermal Energy Project

Cornwall Council to invest £1.5m in 'hot rocks' geothermal energy project in bid for EU cash (Plymouth Herald)

Cornwall Council has agreed to invest £1.5 million into geothermal 'hot rocks' energy, to unlock cash from the EU. Councillors backed a report which says the cash is needed to unlock more money from the European Union. The report says a geothermal project generating 15 MW could power 25,000 homes and create up to 260 jobs.

"The deep geothermal resource in Cornwall, if successfully exploited, has the potential to provide Cornwall with significant economic, environmental and social benefits," says the report.

Knowledge of the resource dates back more than 40 years to the Camborne School of Mines 'Hot Dry Rocks' project at Rosemanowes Quarry, between Falmouth and Helston.

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