“Having been involved in funding the United Downs project from the early stages, it’s wonderful to see the next steps in place for the site to start generating renewable electricity within the next 18 months. We’re also excited to see Cornwall’s significant geothermal resource being planned to be used to heat local homes whilst delivering essential carbon emissions reductions.”

“Geothermal heat is an untapped renewable resource with the potential to provide huge amounts of energy-efficient and carbon-free electricity and heat. Exergy is well known globally for their competence in the binary geothermal power sector and we are very pleased to be working with them on this landmark project in Cornwall. Our long-term agreement with Exergy will also enable us to develop a number of additional projects both in the UK and abroad.”