Comments on this forum should never be taken as investment advice.

Go Back   Alternative Energy Forums > Alternative Energy Discussion > Geothermal

Thread Tools Display Modes
Old 08-08-2009, 09:43 PM
Sparty Sparty is offline
Join Date: Mar 2009
Posts: 1,146
Default Geothermal Could Rival Coal - Australian Resource Minister Martin Ferguson

Australian Federal Resource Minister Martin Ferguson predicts that Geothermal - Hot Rock Energy could rival coal to provide Australia's base load energy needs.

Ferguson has shown great insight into alternative energy and has been an impressive force encouraging the development of Australia's Hot Rocks and other emmission free base load energy systems.

Mr Ferguson said the Federal Government was committed to supporting geothermal energy to secure Australia's future energy needs while launching Petratherm's Paralana project in conjunction with South Australia's Premier Mike Rann.

''Geothermal has great potential to supply clean base-load power and could compete with coal in the future,'' Mr Ferguson said. ''According to Geoscience Australia, if just 1 per cent of Australia's geothermal energy was extracted it would equate to 26,000 times Australia's total annual energy consumption.''

South Australia's Premier Rann said his state is at the centre of Australia's Hot Rock Industry with 97% of Australian Geothermal Energy expenditure to date being in South Australia.

Petrathem ASX Code: PTR with its joint venture Partners Beach Petroleum ASX Code: BPT and TrueEnergy predict that they will have Australia's first commercial hot rock energy system online in 20011. Intially supplying the Beverly Uranium mine and then connecting to the national grid via Port Augusta or Olympic dam.

About Petratherm

About Beach Energy

ASX Listed Hot Rock Energy Companies

What is Hot Rock Energy?

The Australian Advantage

Reply With Quote

base load, commercial, hot rock energy, paralana, petratherm, ptr

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

All times are GMT. The time now is 06:30 AM.

Powered by vBulletin® Version 3.8.1
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.