MOU Signed with Iceland for Geothermal Advancement; Geo Could Meet 20% of UK Power Needs
WASHINGTON, D.C. -- Energy Minister Charles Hendry of the United Kingdom and Iceland's Finance Minister Oddny Haroardottir signed a memorandum of understanding in late May to explore options in bilateral energy affairs, including an electricity connection as well as information-sharing on deep geothermal development.
June 6, 2012 - Leslie Blodgett - renewableenergyworld.com
This comes as a new report from the Renewable Energy Association (REA) says the UK could meet a fifth of its power needs with geothermal energy, according to the Guardian. Geothermal could supply 9.5 GW of electricity, about 20 percent of current demand. It could also supply 100 percent of the UK’s space heating needs with aboutÂ 100 GW of heat. The study also found that the current subsidy system is insufficient, and that subsidizing the technology initially would help bring down costs rapidly. "We don't want to be left out of a global industry which is estimated to be worth Â£30bn by 2020,” Ryan Law, chair of the REA's deep geothermal group, was quoted.
Email this page to a friend
If you speak another language fluently and you liked this page, make
a contribution by translating
it! For additional translations check out FreeTranslation.com
(Voor vertaling van Engels tot Nederlands)
(For oversettelse fra Engelsk til Norsk)
(Для дополнительных переводов проверяют FreeTranslation.com )