E.ON Decides to Invest in Geothermal Energy

E.ON, UK's leading company in terms of energy production, has just announced that it is planning to make significant investments in developing five power plants that are to generate electricity using geothermal underground sources.

Together with GT Energy, a company that specializes precisely in planning, building and operating geothermal heat generation plants in both the UK, and in Ireland, E.ON is to provide various British urban areas with energy coming from this environmentally friendly source.

According to Business Green, Michael Woodhead, E.ON's managing director, argued that “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.”

Apparently, he also added, “Schemes like these help us reduce our carbon emissions and can help cut customer bills. This scheme is just one of a number that we are delivering across the UK and is part of our commitment to change the way energy is created and used in the UK.”

Not very long ago, we reported on Britain's having access to considerable geothermal resources that, for one reason or another, remained ignored by energy companies.

Back then, we argued that certain studies showed how, by developing a geothermal industry, Britain might provide for 20% of its energy needs.

As E.ON and GT Energy specialists explain, most of this country's geothermal resources are to be found in the South-West, North-West, and North-East.

Luckily, it seems that, as a result of the government's Renewable Heat Incentives, more and more people are looking into ways of making the most out of this energy source.

Business Green also informs us that Cornwall and Newcastle are soon to present the public with their geothermal power plants.

From where we stand, Britain's decision to invest in geothermal energy is more than welcomed, particularly because, as explained before, this source is much more reliable than wind or solar power, seeing how it is not influenced by weather conditions and other similar factors.