Geoscart secures millions for Sainsbury's geothermal rollout

Jessica Shankleman
clock •

Macquarie Lending agrees £15m for initial phase, followed by 'significant funds' for further geothermal deployment

A UK-based geothermal energy company has secured £15m to roll out its technology at 15 Sainsbury’s stores this year, with further financing lined up to expand the business over the coming years. Geoscart,...

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

E.ON Next extends bills-cutting Battery Boost programme

E.ON Next extends bills-cutting Battery Boost programme

E.Energy giant to expand free domestic battery programme in partnership with Northern Powergrid, SP Electricity North West, and UK Power Networks

clock 12 November 2026 • 2 min read
'Bradford blueprint': £75m heat network built around former 19th century gasworks goes live

'Bradford blueprint': £75m heat network built around former 19th century gasworks goes live

One of the UK's biggest heat networks now providing buildings across Bradford with low-carbon heat

Stuart Stone
clock 12 November 2026 • 4 min read
Study: Solar and batteries could cut European electricity costs by 40 per cent

Study: Solar and batteries could cut European electricity costs by 40 per cent

Modelling by Schneider Electric Research Institute forecasts electricity costs could fall if installed solar and battery costs keep dropping and electricity demand continues to grow

clock 11 November 2026 • 3 min read