Under pressure - UK deep geothermal industry faces uncertain future

Jessica Shankleman
clock •

DECC pulls grant for Cornish deep geothermal project, but chief executive of company confident that government will ultimately back scheme

When the government pulled a multi-million pound grant from Geothermal Engineering Ltd last week, it seemed as if the final nail had been banged into the coffin for the UK's first commercial hot rocks...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Global Briefing: INEOS opens EU's first 'full-scale' carbon storage site

Global Briefing: INEOS opens EU's first 'full-scale' carbon storage site

Fully operational carbon storage business opened at port of Esbjerg, Netherlands reveals fossil fuel plan, and Panama Canal to cut maritime traffic due to El Niño

BusinessGreen staff
clock 18 September 2026 • 10 min read
Clean power contract auction could slash energy bills by £11bn, analysts claim

Clean power contract auction could slash energy bills by £11bn, analysts claim

LCP Delta calculates upcoming Contract for Difference auction promises to reduce wholesale power costs and deliver net savings for households and businesses through to 2050

James Murray
clock 18 September 2026 • 3 min read
Practical planning reform is needed to cut business energy costs

Practical planning reform is needed to cut business energy costs

Policies that enable faster access to renewable power would materially improve domestic energy security for businesses, as the UK faces a tough economic outlook this winter, writes Gordon Buchan from Pell Frischmann

Gordon Buchan, Pell Frischmann
clock 18 September 2026 • 3 min read