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Good Morning ibug, just picked up on your following post, the Geothermal angle could be highly significant for prospects and potential imho. .....and presumably no reference was made in the planning application becuase Ukog only joined the association in April 2021 long after the application was submitted. You also highlighted the difference between grey and green which i fully understand, but the vast majority of green energy is powered by grey energy, almost every electric car and every hosehold appliance unless you live in a windmill or watermill, and so ukog's Geothermal plans could be a big positive in going forward. Gl;-)
Ibug
I wouldn't worry about it too much as gas is not the issue. Even if it was I wouldn't bank on it. The issue is about accessand SCC policy.
"Members asked for clarification on the difference between ‘grey hydrogen’ and ‘green hydrogen’. It was noted that ‘green hydrogen’ was from renewable energy and ‘grey hydrogen’ was from fossil fuels. It was however noted that there was no reference to hydrogen in the planning statement submitted by the applicant."
....................
21/4/21
Founder membership of Geothermal Energy Advancement Association
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the Company has become one of the six founder members of the newly-formed Geothermal Energy Advancement Association ("GEAA").
GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work.
UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed.
1/7/21
In a release shared this morning, UK-based geothermal developer Geothermal Engineering Ltd (GEL), the company behind UK’s first deep geothermal electricity power plant, announced that it will be rolling out four new deep geothermal power plants in Cornwall. In addition, GEL’s proof of concept power plant on the United Downs Industrial Estate in Cornwall is now producing the UK’s first geothermal steam using 175C water extracted a record-breaking 5.1 kilometers underground. The company is signed power and heat agreements in January of this year.
Heads of Terms have now been signed on the four new geothermal sites planned for Cornwall, each anticipated to deliver 5 MWe (Mega Watt electrical) of power, 24/7 to the National Grid and 20 MW of heat energy for the local area. The electricity produced from all four power stations will be enough to power 45,000 homes. Each plant will each take around 18 months to complete, with all four sites anticipated to be up and running by 2026.
GEL and Thrive Renewable’s pioneering geothermal plant at United Downs is now producing geothermal steam at 175C which will be converted to deliver approximately 3 MWe of power to the National Grid and is on track to deliver its first electricity during 2022. The Cornwall Geothermal Distillery Company is in the approval processes to utilise 2.5MW of the hot water the plant is expected to produce. Up to 10MW of heat is also expected to be used in a large housing development planned at Langarth.
Ryan Law, Managing Director of Geothermal Engineering Ltd said: “This is an incredibly exciting time for deep geothermal energy in the UK as we transition from oil and gas and tap into this huge renewable power resource. We have proved the technology works at United Downs, we have progressive funding in place, and we now have four additional sites, which our experienced team is ready to start work on. Over the next 20 years, our target is to produce in excess of 500 MW of power from geothermal resources making this one of the most significant and reliable baseload power sources in the UK.”
Matthew Clayton, Managing Director of Thrive Renewables plc said: “As the UK produces increasing amounts of variable renewable energy like wind and solar power, this form of baseload power production plays an essential role in stabilising and securing our power supply. We are delighted to have backed geothermal in the UK at an early stage at United Downs and firmly believe that geothermal energy will form a valuable part of the UK’s future energy mix.”
Cornwall Council cabinet portfolio holder for the economy Stephen Rushworth said: “We are excited to support this emerging industry as it continues to take shape in Cornwall, and to realise the benefits it will deliver for the residents of Cornwall. Unlike almost any other form of energy production, geothermal heat energy must be used close to its source.
This means that new plants will benefit local communities by attracting new business, jobs and inward investment, as well as offering the potential for delivering local heat networks for residents. Our initial focus, part funded by the governments Heat Network Delivery Unit (HNDU), will be to supply a proposed new housing development of 3800 homes and commercial buildings at Langarth Garden Village.”
To develop each of the future geothermal power plants, two deep wells will be drilled into the granitic rock beneath the site, the deepest of which will reach upwards of 4.5 kilometers. Water is then pumped from the deepest well where temperatures are expected to be approximately 180C. The steam produced is then fed through a heat exchanger at the surface and water is then re-injected into the ground to pick up more heat from the rocks in a continuous cycle. The extracted heat will be converted into electricity and supplied to the National Grid. The electricity and heat energy produced by this type of low carbon, renewable energy source is continuous (24/7) as geothermal energy does not generate in peaks and troughs as many other sustainable power sources are subject do.
https://www.thinkgeoenergy.com/four-new-geothermal-projects-announced-for-cornwall-uk/
OK Munch - you've discovered the Cut 'n paste function
Silver Star for that boy
NO-ONE has ever made any money out of geothermal in the UK - its all taxpayers money
Looks like Ukog's Geothermal plans could be highly significant for prospects and potential. Gla holders ;-)
24/7/21
UK agents explore reuse of non-productive gas wells for geothermal
Geothermal energy has many applications (source: CeraPhi Energy)
UK-based Third Energy UK and Serafi Energy have partnered in exploring opportunities to reuse non-productive gas wells for geothermal power generation.
third energy ukUK-based, a private group of onshore gas exploration and power generation companies based in North Yorkshire, England, has announced a partnership with renewable energy developer Serafi Energy.
The association aims to investigate the reuse of Third Energy’s non-productive gas wells for geothermal energy. Third draws on CeraPhi Energy’s proprietary technology and expertise to assess well reuse feasibility and commercial potential at its North Yorkshire sites.
Both companies say the results could be a game-changer for geothermal’s role in the energy transition and could have a revolutionary impact on ‘orphaned’ and advanced life wells in the UK’s onshore oil and gas sector.
Feasibility and conceptual studies for the reuse of wells will begin next month with a preliminary analysis of the MN4, KM3 and KM8 wells in the Pickering Valley under the new term manager signed with the third.
The CeraPhi team will focus on evaluating well development potential for its proprietary CeraPhiWell(TM) technology, a closed-loop downhole heat exchanger that removes heat from the subsurface for use in a variety of base load power applications. Scalable, including:
https://thedailyguardian.net/uk-agents-explore-reuse-of-non-productive-gas-wells-for-geothermal/
Not sure he has worked out the distinction between gas and geothermal energy though. It is like a kid going into a sweet shop and grabbing what sweets he can and then finding out they don't taste the same. Some are sweet and some are sour. Not even worth replying to his posts.
Lol ibug, that's because you're struggling to find any negatives to undermine Ukog's Geothermal plans...ha ha ha ha.....and get real Mirasol, "no ones made any money from Geothermal"....ho ho ho ho......looks like it could be the next big thing. Gl ;-)
14 May 2021
A report released by the UK based association REA and ARUP highlights the economic decarbonisation opportunities represented by geothermal energy in the UK.
The Association for Renewable Energy and Clean Technology (REA) and ARUP have published their ‘Deep Geothermal Energy: Economic Decarbonisation Opportunities for the United Kingdom’ report which underlines the environmental and economic potential of deep geothermal. It has the backing of over 30 businesses, academics, NGOs and industry experts. The report will be introduced in an upcoming webinar on May 19, 2021, as we reported.
The report estimates that, should the Government establish a Geothermal Development Incentive, 12 deep geothermal projects could be operational by 2025, creating 1,300 jobs and generating more than GBP100 million (approx. USD 140 million) of investment, predominately in towns and cities in the North of England, Midlands and South-West. The scheme would provide a catalyst to the industry, with 360 sites being established by 2050. This would provide an additional GBP1.5 billion (approx. USD 2.1 billion) of investment, 10,000 direct jobs and 25,000 indirect jobs, and an annual carbon saving of 3 megatons.
Deep geothermal energy is a space efficient utility scale renewable heat resource that can be deployed in urban areas, specifically with the potential to heat thousands of large commercial and other properties for generations. Heat accounts for around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. It is estimated that there is currently enough deep geothermal heat energy to supply all of the UK’s needs for at least 100 years.
https://www.thinkgeoenergy.com/geothermal-for-economic-decarbonisation-opportunities-uk/
Just need to wait for his posts on solar power, gas to wire, source of feedstock for reformation into hydrogen, clean burning hydrogen and maybe the odd oil well or two.,
and little old Ukog are positioning themselves to be part of the Geothermal revolution. Gla holders ;-)
Scoff as much as you like, but Ukog is clearly making plans to be part of the geothermal revolution that could have a significant impact on UK's energy requirements for many years to come, green energy at that!!!......so what exactly is it that bothers the detractors so much in ukog's Geothermal propects and potential in this fledging industry with so much promise? Gla Holders....those that are blinkered and bitter and twisted on anything Ukog can't see past their noses...ha ha ha ha ...;-)
21/4/21
GEAA's mission is to advocate increased awareness of and investment in geothermal energy as a key sustainable source for zero-carbon electricity, heat, hot water. As reported in UKOG's latest Annual Report, the Company plans to be increasingly active in this newly-emerging sector, where we possess the key subsurface, engineering and commercial skills necessary to make such projects work.
UKOG is actively scoping two new standalone geothermal projects in the UK, together with a hybrid geothermal, solar and battery storage project at our Horse Hill site. We also plan to review geothermal opportunities onshore Turkey once our forthcoming Basur-3 appraisal well has been completed.
Did MM read that stuff.
Perhaps a read of this might help rather than PR from companies (and 'associations) raising money (and subsidies) on the back of geothermal.
https://www.bgs.ac.uk/geology-projects/geothermal-energy/
A short but informative analysis of potential areas, and what's required.
Of course i've read it penguins, and it's been an education...i had no idea on how big Geothermal could be......this the one that you should digest. Gl ;-)
14 May 2021
A report released by the UK based association REA and ARUP highlights the economic decarbonisation opportunities represented by geothermal energy in the UK.
The Association for Renewable Energy and Clean Technology (REA) and ARUP have published their ‘Deep Geothermal Energy: Economic Decarbonisation Opportunities for the United Kingdom’ report which underlines the environmental and economic potential of deep geothermal. It has the backing of over 30 businesses, academics, NGOs and industry experts. The report will be introduced in an upcoming webinar on May 19, 2021, as we reported.
The report estimates that, should the Government establish a Geothermal Development Incentive, 12 deep geothermal projects could be operational by 2025, creating 1,300 jobs and generating more than GBP100 million (approx. USD 140 million) of investment, predominately in towns and cities in the North of England, Midlands and South-West. The scheme would provide a catalyst to the industry, with 360 sites being established by 2050. This would provide an additional GBP1.5 billion (approx. USD 2.1 billion) of investment, 10,000 direct jobs and 25,000 indirect jobs, and an annual carbon saving of 3 megatons.
Deep geothermal energy is a space efficient utility scale renewable heat resource that can be deployed in urban areas, specifically with the potential to heat thousands of large commercial and other properties for generations. Heat accounts for around 40% of the UK’s energy consumption and nearly a third of UK greenhouse gas emissions. It is estimated that there is currently enough deep geothermal heat energy to supply all of the UK’s needs for at least 100 years.
https://www.thinkgeoenergy.com/geothermal-for-economic-decarbonisation-opportunities-uk/
" should the Government establish a Geothermal Development Incentive"
best ask if Mr Sunak is ready to raise taxes then.......................
Geothermal in terms of failing small cap AIM oilers means only one thing, and sadly that is a desperate attempt to kick the can yet again as far down the future road as possible.
It's been entirely unsurprising to see both UKOG and its near-identical twin ANGS both trying to nail their colours to the geothermal bandwagon almost simultaneously. As long-term holders in both companies know to their cost, both outfits realised at the same time that the wheels had entirely fallen off their long-touted Weald oil fairytale and hence one headed in a desperate dash off to Lincolnshire and the other headlong to Turkey. They both have to have fresh stories to peddle after all.
But as they've both realised, geothermal provides much better grounds for spinning myths. Unlike the Weald (or Saltfleetby or Basur, for that matter), if investors can be persuaded yet again to shovel in more cash on the basis of geothermal, it'll take many years (and many millions of pounds) before either company gets found out.
Having said that, it's all rather moot. Such i,s the market's deep ingrained (and utterly justifiable) cynicism about all things UKOG/Steve and ANGS/George that, unless Basur and Saltfleetby produce commercially viable quantities of oil and gas respectively, neither company will be around to promote the latest geothermal Pied Piper tune. As everyone with any objectivity knows, both Steve and George are firmly in the last chance saloon and have both made their last desperate throw of the dice.
It remains to be seen if either will at last manage to roll a double six. But not if history is anything to go by, since both companies have repeatedly only ever come up with snake eyes.
AIMO of course and DYOR indeed.
yep, but certainly one to keep an eye on...i had no idea of how big Geothermal could be in potentially providing the UK with so much green and renewable energy for so many years to come, and so a big positive for Ukog to align themselves at this early stage and perhaps in the not too distant, appease many of the objections for their existence in the Uk...in the meantime looking forward to any news from Basur-3 that might be reported this coming week, along with the Loxley appeal that gets underway 27th July ( no decision date confirmed as yet ). Gla Holders ;-)
MM,
but you don't seem to have any analysis. Just repeating (yawn) PR about 'deep geothermal' (5km) not applicable to any UKOG sites - 'predominately in towns and cities in the North of England, Midlands and South-West.'
Your earlier post featured:-
'This means that new plants will benefit local communities by attracting new business, jobs and inward investment, as well as offering the potential for delivering local heat networks for residents.'
Think those nearby farms to HH (&BB?) would like it but there's this problem:- 'To develop each of the future geothermal power plants, two deep wells will be drilled into the granitic rock beneath the site, the deepest of which will reach upwards of 4.5 kilometers.'
So are UKOG with their vast experience of geothermal going to raise the tens of millions required to set up a new site in Cornwall (maybe with Angus?) with all the infrastructure required?
Its all pie in the sky - just like the 8 sites across the HH licences.
Good grief, talk about reading but not understanding what it means - Mm is the poster child for that.
Unfortunately any Geothermal heat map of Europe will show that the UK is resource poor when it comes to Geothermal energy.
https://duckduckgo.com/?q=Geothermal+energy+map+of+Europe&t=chromentp&atb=v241-1&iax=images&ia=images&iai=http%3A%2F%2Fgeodh.eu%2Fwp-content%2Fuploads%2F2015%2F07%2FMapshot.png
Much of what can be extracted is only good for district heating schemes, or greenhouse heating for crops.
As for UKOG, they have said that they are looking at their own locations - i.e. BB & HH.
BB might be good for district heating, but HH isn't even useful for that - it's simply not hot enough.
Ibug, on the previous Geothermal thread a few days ago, provided a link to the main Company involved in UK Geothermal (not CeraPhi - yet) and they stated that as far as the UK is concerned, there is very limited opportunity to repurpose Onshore O&G Wells and current Wells could only be repurposed economically if they didn't have to be sidetracked or reperforated & had a long production life left.
So BB might - just - fit into that category, but not HH.
All the stuff that Mm is posting is just Companies pitching for Govt subsidies without being honest about the actual costs.
There are numerous Geothermal plants all over the World that are producing energy very cost effectively, but they are in paces where the geothermal gradient is much higher than exists anywhere in the UK.
Nevertheless, as SSE's trading statement of 22/07 showed, the UK's wind and sun are not entirely reliable sources of energy, so the hunt is on for other sources:
Output of electricity from renewable sources in which SSE has an ownership interest across the UK and Ireland was 403GWh, or around 19%, below plan in the quarter to 30 June 2021, mainly due to weather conditions.
Ocelot, wind farms will become 100% efficient when battery storage plans currently being built are completed, the batteries will store overproduced power and release into the grid when needed, there are plans.for 250 turbines offshore off Hornsea on the east coast, they are currently preparing infastrstucture for bringing the cables onshore at Barmston
It’s all about the availability of money, isn’t it? UKOG hasn’t got any, the shareholders are jaded. The amounts of money required for the building of geothermal plants etc. are far beyond their ability to raise. That leaves the public purse. But why would the central government or the county council want to support a company like UKOG (or Angus)? If Cornwall is as promising as these long posts below suggest, energy majors with the ability to co-invest will surely br involved, and preferred?
Re long term green energy, hydrogen can be produced at local level with solar/wind power and stored under pressure. There’s a lot of wind in Cornwall and a lot of mines that could be converted to hydrogen storage. This would be available on demand and would lose nothing in its storage or distribution . It’s the obvious long-term choice for transport purposes, cooking etc.
UKOG is all about Turkey. If the current well is a duster, there is likely to be a sharp de-rating of the shares, in my view. How they will then raise money for further wells is a matter for speculation.
Thank you for your message, Ozzy52.
The government's net zero emissions target is ambitious.
Have they thought through the implications of their target? Almost certainly not.
UKOG is quite right to begin to position itself in that perspective.
Ocelot, the govt. are trying too hard to please the xr loonies, they are just like the naysayers on here concentrating on what they say they're not seeing and ignoring what is happening....well they won't see anything if they keep their eyes shut.....it's happening but everything takes time.....they're like spoilt kids, stamping their feet and rolling on the floor screaming "I want it now" .......we can wait.....they can't
ocelot
You may well be right about the net zero target ambitions & it is part of the reason that the target is set to be achieved by 2050.
National energy policies are not decided by flipping a coin & saying this will happen today, tomorrow or next week & the oil & gas licence sales made by the government & the policies & the licences that have previously been sold have a mandate.
The key question for me now with UKOG's announcement is what incentives the UK government are going to provide to the companies who purchased the licences not only to produce much needed indigenous oil & gas which will reduce emissions compared to imports. I also has the power provide aid & incentives for gas production & carbon capture for hydrogen production.
If the UK government wants to help the development of geothermal energy from the existing licences or future licence sales it can now act without European interference to keep the lights on, wheels turning while keeping homes & business warm in the UK.