Perhaps Iceland's expertise should be explored to secure these important projects.
By Loz Blain
...Australia (click here) is sitting on top of some of the world's most potent geothermal energy sources, according to government estimates. Just one percent of the hot rock energy less than 5 km under the surface would be enough to meet the whole country's entire power needs for 26,000 years if it was tapped. So why aren't we seeing more movement on it?
Geothermal energy is a very handy, virtually inexhaustible clean energy source for those areas lucky enough to find themselves on top of it. Massive amounts of hot rock just below the Earth's surface can be used to heat water and drive steam turbines for reliable electricity generation with virtually no emissions or environmental impact....
There is a lot of discrimination in energy production. Australia subsidizes their fossil fuel industries with $4 billion annually.
30 August 2016
By Tom Fedorowytsch
A potential energy source in Australia (click here) is set to remain untapped, with a geothermal power project in the far north of South Australia now closed.
Energy company Geodynamics closed and remediated the sites of several test wells and generation plants in the Cooper Basin after deciding they were not financially viable.
Before the closure, the company had managed to extract super-heated water from five kilometres below the earth's surface and use it to generate small amounts of electricity.
"The technology worked but unfortunately the cost of implementing the technology and also the cost of delivering the electricity that was produced to a market was just greater than the revenue stream that we could create," Geodynamics chief executive Chris Murray said.
Professor Martin Hand ran the South Australian Centre for Geothermal Energy Research at the University of Adelaide....
There is a lot of discrimination in energy production. Australia subsidizes their fossil fuel industries with $4 billion annually.
30 August 2016
By Tom Fedorowytsch
A potential energy source in Australia (click here) is set to remain untapped, with a geothermal power project in the far north of South Australia now closed.
Energy company Geodynamics closed and remediated the sites of several test wells and generation plants in the Cooper Basin after deciding they were not financially viable.
Before the closure, the company had managed to extract super-heated water from five kilometres below the earth's surface and use it to generate small amounts of electricity.
"The technology worked but unfortunately the cost of implementing the technology and also the cost of delivering the electricity that was produced to a market was just greater than the revenue stream that we could create," Geodynamics chief executive Chris Murray said.
Professor Martin Hand ran the South Australian Centre for Geothermal Energy Research at the University of Adelaide....
