UK’s First Geothermal Power Plant Begins Using Underground Heat to Power 10K Homes

The United Downs plant in Cornwall – credit, Thomas Frost Photography / Geothermal Engineering Limited © SWNS

The UK’s first geothermal power plant has just begun operations, using hot water from deep underground to create renewable electricity.

The United Downs plant in Cornwall has been in development for nearly two decades, and will now begin providing enough electricity to power 10,000 homes.

Geothermal power generation comes via energy stored in the form of heat beneath the surface of the Earth. The company behind the project, (GEL) Geothermal Engineering Ltd., had to drill the deepest on-shore well ever drilled on UK soil—over 3 miles deep—to source the geothermal fluid that is used for the power plant.

The naturally heated water, exceeding 190°C, generates electricity 24 hours a day, 7 days a week regardless of the weather.

The water will help drive turbines to generate electricity for 10,000 homes but will also provide the UK’s first domestic supply of lithium, a critical mineral used in green technology.

Dr. Ryan Law, CEO of GEL, said the opening of the power plant is a “huge advancement for geothermal power in the UK.”

“Geothermal energy and critical minerals extraction are naturally complementary as they share the same subsurface resource,” Dr. Law explained. “The hot, mineral-rich fluids that generate clean electricity can also be processed to recover strategic materials like lithium carbonate.”

“Therefore, collocating power and mineral extraction plants maximizes investment in the wells, minimizes subsurface disruption, and accelerates the transition to secure domestic supply in both critical sectors.”

GEL have said the water they’ve brought to the surface after drilling contains one of the highest concentrations of lithium in the world.

Lithium carbonate is a key raw material used in the production of rechargeable batteries like those that power electric vehicles and energy storage systems. From its February, 2026 starting point, GEL says the plant has the capacity to produce 100 tons per annum.

Ground source heat pumps are a form of geothermal technology already used in the UK, and in places like Southampton, heating is provided to hundreds of homes via a local network. But the United Downs project has drilled to far greater depths where temperatures are hot enough to generate more than just heat, but actual electricity.

Furthermore, the project has only cost around $59 million to date, funded through private investors and the EU.

Energy provider Octopus Energy has purchased the power generated at United Downs and will deliver it, via the national grid, to about 10,000 homes.

GEL has two other sites it plans to develop into geothermal power plants, and although one additional site has been initially turned down over environmental concerns, the company is appealing.

Greg Jackson, Founder of Octopus Energy, said UK bills are “still too high” and the answer is “more homegrown, renewable energy.”

“For the first time, we’re bringing deep geothermal power to British homes—a clean, constant energy source right beneath our feet,” he said. “Projects like United Downs show how the UK can cut bills and carbon by tapping every ounce of our renewable potential.” UK’s First Geothermal Power Plant Begins Using Underground Heat to Power 10K Homes:
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MTN to take control of IHS Towers for $2.2 billion


Posted by Harry Baldock: The operator says reintegrating the tower assets will strengthen its African operations and improve financial metrics

African telco giant MTN Group is set to take full control of IHS Towers, one of Africa’s largest independent tower companies, in a deal valued at $6.2 billion.

The deal will see MTN acquire the 75% stake in IHS that it doesn’t already own for $2.2 billion in cash.

“This proposed transaction is a pivotal step in further strengthening MTN Group’s strategic and financial position for a future where digital infrastructure will become ever more essential to Africa’s growth and development. This transaction gives us a unique opportunity to buy back our towers and strengthen our ability to be partners for progress to the nation states in which we operate,” said MTN CEO Ralph Mupita.

The deal is subject to the typical regulatory approvals, with watchdogs likely to look closely at the impact on competition, given IHS also rents their infrastructure to MTN’s rivals across Africa.

For MTN, the move represents something of a strategic U-turn. The operator group has pursued an asset-light approach for the past decade, selling many of its towers – largely to IHS – in multiple markets.

In recent years, however, MTN’s relationship with the tower company has grown more complicated. The operator has repeatedly complained about IHS’s corporate governance, particularly that IHS had capped its voting rights at 20%, despite MTN owning a stake of around 26% in the business.

At the same time, IHS saw major losses from the devaluation of the Nigerian naira in 2023, leading MTN to attempt to seek adjusted lease terms to reduce foreign‑currency exposure.

Given this increasingly difficult operating relationship, MTN’s stake acquisition represents an opportunity to simplify and de-risk the company’s balance sheet by removing long‑term lease liabilities.Market watchers will be watching whether MTN’s reintegration of roughly 29,000 African sites delivers the financial and strategic gains management forecasts, and whether rivals respond with selective buybacks, new sharing deals, or continued reliance on independent towercos. MTN to take control of IHS Towers for $2.2 billion - Total Telecom
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