The cabinet of Cornwall has today recommended that £1.4m of match funding be allocated for Geothermal drilling at the Eden Project.
Geothermal Engineering Limited (GEL) has, as part of the package, agreed to fund a Council officer’s salary (up to £42k) to promote and advance the Geothermal industry in Cornwall.
Cornish Lithium Ltd will also be involved and will test the brine that is a by-product of the hot rocks process for the valuable mineral.
The Cabinet papers recommended approval for the funding by saying “The published resource estimates suggest that deep geothermal could provide heat and power to all of the homes in Cornwall; if the geological risk is reduced by proving the resource and investment is unlocked.
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