Demand rises for Enteq Technologies capabilities on Eden Geothermal project success (LON:NTQ)

Enteq Technologies
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A significant achievement in the realm of renewable energy unfolded on Monday, June 19, 2023, as the Eden Project in Cornwall witnessed the inauguration of the United Kingdom’s first operational deep geothermal heating plant since 1986. Commencing its operations, the plant is now actively generating heat, marking a landmark moment for sustainable energy.

The extensive drilling process into the granite foundations beneath the renowned Biomes at the Eden Project was completed in 2021. Subsequently, Eden Geothermal Ltd (EGL) finalized the construction of the heat main and plant, positioning itself to provide heat to the Eden Project and its newly established cutting-edge nursery, Growing Point.

Expressing his enthusiasm, Gus Grand, the CEO of EGL, emphasized the significance of this achievement for both Eden Geothermal and the broader renewable energy landscape in the UK. While acknowledging the relatively slower progress of heat technologies compared to advancements in electricity generation and transportation, Grand highlighted the potential of geothermal energy. Its utilization, characterized by minimal surface impact, extends to urban areas and offers immense benefits to large institutions such as factories, hospitals, universities, and schools. The ongoing project at the Eden Project stands as a remarkable demonstration of geothermal energy’s capabilities, providing heat for an entire rainforest and a commercial nursery, with the exciting prospect of a future distillery.

This latest development signifies a critical step forward in the race to decarbonize the UK’s energy sector. By leveraging deep geothermal resources, this pioneering initiative represents a viable and sustainable alternative for meeting heating demands, particularly in urban environments and various institutional settings. With the successful implementation of the Eden Project’s deep geothermal heating plant, the potential for replicating this model across similar contexts becomes increasingly evident, heralding a promising future for geothermal energy in the country’s broader renewable energy landscape.

Andrew Law CEO Enteq Technologies Plc LON:NTQ

“It is tremendous to see some progress from a UK-based deep geothermal project coming online.  It can often be challenging drilling through granite, particularly when you are several kilometers below the earth’s surface.   

We at Enteq have been involved in supporting numerous geothermal projects in the most unusual parts of the world so it is refreshing to see some projects coming to fruition on our doorstep. We’re increasingly seeing governments and companies adopting Geothermal solutions into their plans to deliver on a net zero future energy mix. The success of Eden Geothermal will hopefully lead to more geothermal projects in the future.”  

Enteq Technologies plc (LON:NTQ) develops and supplies equipment for Measurement, Logging and Geo-steering while drilling of wells for the Geothermal, Oil and Gas markets.

Enteq is a London Stock Exchange (AiM) listed company with multiple institutional and private investors. The highest standards of financial control and reporting are maintained. Enteq offers investor opportunity through addressing an increasing portion of a large, sustainable market, growing market share and increasing market presence in markets beyond North America.

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