Opened the debate
Kieran Mullan, MP for Bexhill and Battle, highlighted the potential of deep geothermal energy as a sustainable and cost-effective source of heat and power in the UK. He discussed how this technology could help achieve net zero emissions by reducing reliance on gas boilers and supporting the transition from fossil fuels to renewable energy sources. Mullan mentioned successful projects in Germany and France that have utilized deep geothermal energy, emphasising the need for government support similar to what other countries provide. He outlined a potential tariff support proposal of £55 per megawatt-hour for 30 initial plants over 20 years, suggesting this level of investment could be justified given its value for money compared to green gas industry support. Mullan also pointed out the opportunity for deep geothermal energy to help areas in need of levelling up and to recruit from the existing oil and gas workforce.