Britain's deepest geothermal well reaches 5,275 meters and now generates electricity around the clock for 10,000 homes
The geothermal facility has come online and adds new electricity supply to the grid.
Source →The trace
How it reaches your house.
Starting from Landsvirkjun (National Power Company of Iceland), we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Landsvirkjun (National Power Company of Iceland) →supply upBritain electricity market
Landsvirkjun had publicly considered a subsea cable to supply Britain, so a new geothermal plant adding round-the-clock UK electricity supply slightly expands domestic supply and weakens the import/export niche Landsvirkjun had eyed.
“could deliver five terawatt-hours a year to Britain at a cost 15% lower than offshore wind, according to Iceland's state-owned electricity firm Landsvirkjun.”
41% confidenceCited →Statkraft SF →supply upElectricity (electrolytic refining)
The new geothermal generation adds electricity supply, which can marginally increase availability of Statkraft SF's electricity input, though this edge is only a 3% share and electricity is moderately substitutable.
31% confidenceHop 2
Where it lands
What you buy, and what you own.
Goods you buy
Copper and electrical wiring
Companies you may own
No named companies on this path.
Tap a company to see what it told the SEC could break it.
In the MyPRIA app, this is checked against your own holdings.