More financial support is needed to develop geothermal energy projects across the UK, a new White Paper by the British Geological Survey (BGS) has said.
The government funded White Paper written by the BGS, in collaboration with Arup, highlights the many benefits of building a deep geothermal sector in the UK and recommends measures to speed up its development.
One such benefit is the role that deep geothermal energy could play in the UK’s transition to net zero carbon, with the report estimating that geothermal heating projects could save the UK around 2,400t of CO2 per year compared to gas.
Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.