Chancellor Rachel Reeves backing investment in Cornwall

It was a real privilege to welcome Chancellor Rt Hon Rachel Reeves to Cornwall today, where she held a HM Treasury Roundtable event to discuss how emerging industries can aid the Clean Energy Superpower mission.

The Chancellor spoke passionately about Cornwall’s geological treasure trove and how deep geothermal, alongside critical minerals, can fuel national energy security and net-zero ambitions. Her message was clear: this is a Government of investment, backing innovation through the National Wealth Fund and British Business Bank.

The Chancellor met with our CEO Gus Grand and saw first-hand the promise geothermal energy holds for the UK’s transition to clean power.

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We are proud that Eden Geothermal continues to be a leading part of the geothermal story in the UK, supplying heat from Cornish rocks to the world renowned Eden Project biomes for the last two years. We are harnessing heat from below our feet to help build a resilient, renewable future where Cornwall is leading the way for the the UK. The energy is here. So is the momentum.