Support for the deep geothermal energy sector could see 12 projects up and running by 2025 to help kickstart the green recovery, according to a report.
The backing could help a world leading renewable heat industry develop in the UK, provide a stable transition away from oil and gas, and help meet the Government’s net zero ambitions said the study by the Association for Renewable Energy and Clean Technology (REA) and ARUP.
Deep geothermal refers to heat resources at least 500m below the ground. At depths greater than 1km the heat energy is hot enough for direct-use space heating or industrial processes.
An initial 12 projects would provide a catalyst for the industry to eventually develop 360 sites by 2050 which would provide some £1.5 billion of investment, 10,000 direct jobs and 25,000 indirect jobs, and an annual carbon saving of 3 megatons.
Dr Nina Skorupska, Chief Executive of the REA, said: “Deep geothermal must be central to the Government’s energy policy for the next 30 years, but with real and tangible benefits in the immediate future.”
Heat accounts for around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. It is estimated that there is currently enough deep geothermal heat energy to supply all of the UK’s needs for at least 100 years.