Geothermal Engineering Ltd, a start-up based in Redruth, Cornwall, has recently raised $17,983,000 in funding. The investment came from Kerogen Capital, a private equity fund manager focusing on energy.

Geothermal Engineering is at the forefront of developing the UK's first large-scale geothermal energy plant in Cornwall. The company has brought together experienced geothermal engineers and leading industry partners. It will help to build the flagship project at the United Downs Site near Redruth. The project involves drilling and testing the deepest onshore wells in the UK. The deepest is 5,275 meters and developing a 2MW electric, 11MW thermal, and geothermal power plant.

Geothermal energy is a renewable source of energy that harnesses the earth's natural heat. It can potentially provide a significant amount of energy in a sustainable and eco-friendly manner. The United Downs project will play a vital role in demonstrating the viability of geothermal energy in the UK. It is paving the way for further investment in the industry.

Geothermal Engineering aims to develop and commercialize geothermal energy projects across the UK and Europe, providing a sustainable and low-carbon energy source for future generations. The company's success in raising funds for the United Downs project is a testament to its commitment to delivering innovative and sustainable energy solutions.

With the United Downs project on the horizon, Geothermal Engineering will significantly impact the renewable energy industry. The company's focus on geothermal energy has the potential to revolutionize the way we generate electricity and heat, paving the way for a more sustainable and eco-friendly future.

Visit us for the latest funding round: https://founderlodge.com/round/Geothermal-Engineering-Ltd-raises-17983000-Unknown-2023-03-10-Ryan-Law-MTA2MDI