The UK and Ireland’s largest energy companies are working on plans to develop five new deep geothermal heat and distribution systems, in northwest England.
Ireland-based geothermal technology specialist GT Energy today revealed that it has inked a memorandum of understanding with energy giant E.ON (FWB: EOAN) that will see the two companies jointly develop a range of urban geothermal heat power plants.
E.ON hope to consolidate their position as one of the UK's leading providers of district heat systems – a technology that the company's Sustainable Energy division recently identified as a major growth area.
"E.ON is a recognised leader in the delivery of district heating schemes and I'm delighted to be working with GT Energy to design, build and operate the district energy network as well as helping the customers who connect," said Michael Woodhead, managing director of E.ON's Sustainable Energy business in a statement.
E.ON and GT Energy maintain that scientific studies have shown the UK has access to up to 100GW of geothermal energy potential, particularly in the South-West, North-West, and North-East.
They have also argued that deep-geothermal technology is well suited to urban settings where the resulting heat can be easily distributed to a variety of buildings in the area.
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