• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 1 hour Iran downs US drone. No military response . . Just Destroy their Economy Completely. Can Senator Kerry be tried for aiding enemy ?
  • 1 hour The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 3 hours Emissions Need To Be Halved To Avoid 3C Warming
  • 2 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 4 hours Coal Boom in Asia is Real and a Long Trend
  • 9 hours Summit in Pyongyang: China's Xi Says World Hopes North Korea-U.S. Talks Can Succeed
  • 19 hours Solar Panels at 26 cents per watt
  • 10 hours Pioneer CEO Said U.S. Oil Production would be up to 15 mm bbls/day NOW if we had the pipelines. Permian pipelines STARTING Q3
  • 5 hours Huge UK Gas Discovery
  • 1 day The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 1 day Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 1 day US to become net oil exporter in November: EIA
  • 22 hours US Shale Drilling lacks regulatory body.
  • 23 hours Ireland To Ban New Petrol And Diesel Vehicles From 2030
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Trending Discussions

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

Trending Discussions


Leave a comment

Leave a comment





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