Oral Answers to Questions Debate
Full Debate: Read Full DebateDepartment: Department for Energy Security & Net Zero
George Eustice
Main Page: George Eustice (Conservative - Camborne and Redruth)Department Debates - View all George Eustice's debates with the Department for Energy Security & Net Zero
(1 year, 6 months ago)
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Graham Stuart
We are moving at top speed to drive forward CCUS. We are in a world-leading position. The opportunity is enormous in the Tees, the Humber and areas in the north-west as we seek to get that right and embed those industries in this country.
George Eustice (Camborne and Redruth) (Con)
The unique geology of Cornwall means that there is huge potential for geothermal energy. There are a number of projects bidding for the current allocation round. Geothermal energy has a competitive strike price, has lithium as a by-product and makes use of mature technology. Will the Secretary of State ensure that those benefits are properly factored into any assessments?
Grant Shapps
My right hon. Friend is absolutely right about the opportunities of geothermal. He will be pleased to know that it just received a potential allocation through the contracts for difference round. As he and other hon. Friends have pointed out, geothermal has great potential in this country, and we look forward to supporting it.