Geothermal Engineering

Geothermal Engineering is bringing the most experienced geothermal engineers together with leading industry partners to develop the UK's first large-scale geothermal energy plant in Cornwall. Geothermal Engineering's flagship UK project is a deep geothermal power plant located at the United Downs Site, near Redruth in Cornwall. The United Downs project will involve: * Drilling and testing the deepest on shore wells in the UK. Each of the three wells required for the project will be 4.5kms deep * The development of a 10MW electric, 55MW thermal geothermal power plant * The development of a geothermal centre of excellence in conjunction with Exeter University
Company Growth (employees)
London, GB
Size (employees)
2 (est)
Geothermal Engineering was founded in 2008 and is headquartered in London, GB

Geothermal Engineering Office Locations

Geothermal Engineering has an office in London

Geothermal Engineering Data and Metrics

Summary Metrics

Founding Date


Total Funding

$1 m

Latest funding size

$1 m

Time since last funding

almost 4 years
Geothermal Engineering's latest funding round in November 2013 was reported to be $1 m. In total, Geothermal Engineering has raised $1 m

Geothermal Engineering Financial Metrics


Cash (31-Dec-2015)

39.8 k
GBPFY, 2013FY, 2014FY, 2015


19.8 k32.4 k39.8 k

Current Assets

28.7 k73.7 k153.2 k


453.6 k551.9 k463.7 k

Total Assets

482.3 k625.6 k616.9 k
Y, 2015

Financial Leverage

1.9 x
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