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
Type
Private
HQ
London, GB
Founded
2008
Size (employees)
2 (est)
Geothermal Engineering was founded in 2008 and is headquartered in London, GB
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Geothermal Engineering Office Locations

Geothermal Engineering has an office in London
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Geothermal Engineering Financials and Metrics

Summary Metrics

Founding Date

2008

Total Funding

$1 m

Latest funding size

$1 m

Time since last funding

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

GBPFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

113.4 k80.6 k29.4 k6.1 k19.8 k32.4 k39.8 k2.2 k

Accounts Receivable

109.6 k388.2 k

Current Assets

126.2 k81.2 k31.7 k7 k28.7 k73.7 k153.2 k2.2 k388.2 k

PP&E

213.1 k254.6 k398.7 k646.7 k453.6 k551.9 k463.7 k463.7 k2 m
Y, 2017

Financial Leverage

13.2 x
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Geothermal Engineering Online and Social Media Presence

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