Geothermal Engineering Ltd

General Information

Company Name

Founded Year

2008

Location (Offices)

United Kingdom +1

Founders / Decision Makers

Number of Employees

Industries

Energy, Energy Efficiency

Funding Stage

Private Equity

Social Media

Geothermal Engineering Ltd - Company Profile

Geothermal Engineering Ltd is a UK-based company founded in 2008, focusing on energy and energy efficiency industries. The company has embarked on an ambitious project to develop the first large-scale geothermal energy plant in the UK, specifically in Cornwall. Geothermal Engineering is collaborating with industry partners to accomplish this goal.

One of the significant initiatives of Geothermal Engineering is the United Downs project in Cornwall, which involves drilling and testing the deepest onshore wells in the UK, with the deepest well reaching an impressive depth of 5,275m. Furthermore, the company is working on the development of a 2MW electric and 11MW thermal geothermal power plant at the United Downs site near Redruth.

The most recent investment in Geothermal Engineering Ltd amounted to £15.00M, and it was a Private Equity Round investment completed on 08 March 2023. The investors involved in this round were Kerogen Capital and Thrive Renewables.

Geothermal Engineering Ltd's innovative approach and focus on sustainable energy solutions make it a compelling prospect for investors seeking opportunities in the renewable energy sector.

Taxonomy: Geothermal energy, Renewable energy, Sustainable energy, Geothermal power plant, United Kingdom, Deep geothermal, Alternative energy, Renewable power, Geothermal engineers, Energy development, Clean energy, Environmental technology