Iceland's volcanoes could heat British households in ten years via the world's longest undersea cable, according to plans to be unveiled today by British Prime Minister David Cameron.
It is expected that Cameron and the Prime Minister of Iceland, Sigmundur David Gunlagson, will reach an agreement on the formation of a British-Icelandic working group composed of experts, which will assess the possible installation of an interconnector and the start of energy trade between the two countries, the office of the British Prime Minister announced. As reported by Reuters , the cable of about 1.200 kilometers would be the longest submarine energy interconnector and its construction takes seven to 10 years.
"It would provide a sustainable, long-term supply of renewable energy and increase the UK's energy security," the statement said.
The two countries first floated the idea in 2012, but little progress has been made since then. The new working group is expected to report on its findings within six months.
Britain is trying to increase the capacity of imported electricity because there are hints of a slowdown in deliveries from domestic energy sources.
About 95 percent of electricity in Iceland comes from renewable sources, such as hydropower plants and geothermal energy from volcanoes, according to the British agency.
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