Apioneering project to produce power from hot rocks several kilometres under the ground in Cornwall will begin drilling early next year, if a multimillion-pound fundraising drive succeeds.
Abundance, a crowdfunding platform overseen by the main City regulator, will this week launch a bond to raise £5m for the UK’s first commercial geothermal power station, located near Redruth.
Iceland is the world leader in geothermal power, where deep holes are drilled to reach hot rocks, water is pumped down, heated and returned to the surface to generate electricity or provide heating.
read more at: https://www.theguardian.com/environment/2017/jul/16/groundbreaking-cornwall-geothermal-project-seeks-funds