The UK could meet a fifth of its power needs – the equivalent of nine nuclear power stations – by exploiting geothermal power, a new report into the technology has found.
But the report found that the current subsidy regime does not provide sufficient incentive to develop the technology in the UK - even as Charles Hendry, minister of state at the Department of Energy and Climate Change, flew to Iceland on Wednesday afternoon to discuss a possible new interconnector that could be used to import geothermal electricity from there.