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

Study: Renewables rollout could trigger 'perfect political storm' without constraint cost shake-up

Study: Renewables rollout could trigger 'perfect political storm' without constraint cost shake-up

Success of Clean Power 2030 mission depends on using renewables ‘intelligently’, not just building more capacity, report warns

Stuart Stone
clock 17 November 2025 • 5 min read
Global Briefing: China's CO2 emissions flat or falling for past 18 months

Global Briefing: China's CO2 emissions flat or falling for past 18 months

China's CO2 emissions have plateaued, a new analysis claims, plus Gates Foundation pledges $1.4bn in climate resilience funding and Octopus Energy's Zero Bills homes arrive in France

Stuart Stone
clock 14 November 2025 • 9 min read
Study: Fossil fuels enter 'period of stagnation' following record renewables growth

Study: Fossil fuels enter 'period of stagnation' following record renewables growth

Report anticipates no growth in fossil power expected in 2025 as clean power growth meets all new demand in first three quarters of the year

clock 13 November 2025 • 5 min read