Geothermal Energy: Investment

(asked on 2nd May 2023) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, whether his Department has taken recent steps to help increase investment in geothermal technologies.


Answered by
Graham Stuart Portrait
Graham Stuart
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 15th May 2023

In the British Energy Security Strategy, the Government committed to “explore all possible renewable opportunities afforded by our geography and geology, including tidal and geothermal.”

Geothermal power has been an eligible electricity generating technology for the Contracts for Difference scheme since its introduction. The Government anticipates that geothermal power projects may bid into the scheme's emerging technologies pot of the fifth allocation round this year. The Government keeps the scheme under review and will consider the role of geothermal power in light of the results.

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