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Cheap energy rates for businesses and homes alike could be accessed through a £6 million fund that has been allocated to research geothermal energy in the UK.
The Department of Energy and Climate Change will provide £6 million between now and the end of the next financial year through the Deep Geothermal Challenge Fund, which will look for sites throughout England, Scotland and Wales that could be suitable for geothermal projects.
Submissions for project funding will be accepted until November 20th this year, with an application expected from Geothermal Engineering, the company planning to open the UK's first commercial plant utilising the technology.
Energy and climate change minister Lord Hunt said: "Deep geothermal power from the south-west of England alone could meet two per cent of the UK's annual electricity demand, potentially creating thousands of jobs in the building and running of new power plants."
Meanwhile, wind farm projects in the UK stand to benefit from research worth £5.15 million to find a way to prevent turbines from interfering with radar systems, according to the British Wind Energy Association.
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