GT Energy will use the funds to progress its geothermal scheme at Devonshire Street in Manchester.
GT energy, a Dublin-based company, is one of the winning bidders and will use the funds to further develop a geothermal heat generating facility just off Devonshire Street in Ardwick, Manchester.
The project is one of the first of its type in the UK and will put Manchester at the forefront of low carbon community heating schemes. Two deep wells to an approximate depth of 3,000 m will be drilled, providing access to potentially one of the UK’s largest geothermal resources, the Cheshire Basin.
