• 3 minutes Marine based energy generation
  • 5 minutes "Saudi Armada heading to U.S.", "Dumping" is a WTO VIOLATION.
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Which producers will shut in first?
  • 1 hour A small trial finds that hydroxychloroquine is not effective for treating coronavirus
  • 3 hours Saudis to cut 4mm bbls. What a joke.
  • 3 hours Saudi Arabia Is Buying Up European Oil Majors
  • 1 hour The GREAT OPEC+ Agreement
  • 30 mins Trump will be holding back funds that were going to W.H.O. Good move
  • 2 hours Chinese Communist Party
  • 34 mins US Shale Resilience: Oil Industry Experts Say Shale Will Rise Again
  • 4 hours Occidental hypocrisy
  • 2 hours Russia's Rosneft Oil is screwed if they have to shut down production as a result of glut.
  • 7 hours Sharp real pure true hard working roughneck needing work..
  • 8 hours Death Match: Climate Change vs. Coronavirus
  • 8 hours Get First Access To The Oilprice App!
Alt Text

Is This The Future Of Alaska’s Energy Sector?

With crude oil production dwindling,…

Alt Text

A Surprising Innovation In Energy’s Hottest Market

Japanese researchers have found a…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Geothermal Energy Could Provide 20% of the UK's Electricity Needs

A recent study by the engineering industry consultants Sinclair Knight Merz (SKM) has concluded that by spending just £11 million a year to raise geothermal energy subsidies the UK could help to develop an industry that has the potential to supply 20 percent of its electricity needs. They found that geothermal sources could provide 9.5GW of electricity and over 100GW of heat.

Water can be pumped into boreholes deep underground where the Earth’s natural heat warms the water and converts it into steam. The steam then returns to the surface where it can used as a direct source of heat, or to drive steam powered generators and create a steady supply of electricity which could support more unpredictable sources of renewable energy such as wind and solar.

The UK has several areas suitable for this form of geothermal energy in Cornwall, the North East and the Lake District, however the technology is expensive to set up and few companies are willing to take the risk. This is why SKM suggests that more governmental support is needed in order to achieve the 5,000GWh of electricity and32,000GWh of heat that they forecast is possible by 2030.

Currently the British geothermal industry receives the same support as other renewable energy industries, but it is not enough. Other countries such as Switzerland and Germany provide almost twice as much support, and SKM fear that without a similar level the UK risks missing out on a market that could be worth £30bn by 2020.

Dr Ryan Law, chair of the Renewable Energy Association’s Deep Geothermal Group, and managing director of Geothermal Engineering, said that the UK needs more generous proposals from the government in order to take advantage of the industries potential. “If the UK wants to seize a share of this booming global market we must prove our competence at home. Clearly investment at home could also go a long way to meeting our future energy needs cleanly and safely.”

By. Charles Kennedy of Oilprice.com


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News