The Association for Renewable Energy and Clean Technology (REA) and ARUP have published their
Deep Geothermal Energy: Economic Decarbonisation Opportunities for the United Kingdom report which underlines the environmental and economic potential of deep geothermal.
It has the backing of over 30 businesses, academics, NGOs and industry experts.
The report estimates that, should the UK Government establish a Geothermal Development Incentive, 12 deep geothermal projects could be operational by 2025, creating 1,300 jobs and generating more than £100m of investment, predominately in towns and cities in the north of England, Midlands and South-West.
The scheme would provide a catalyst to the industry, with 360 sites being established by 2050.