Greenearth Energy abandons 12MW geothermal energy project near Geelong after Victorian government withdraws $25m grant.
Geodynamics to buy KUTh Energy to expand its Pacific Island geothermal projects.
The Grattan Institute’s study into Australia’s energy future canvasses seven technologies that could help deliver an 80 per cent reduction in emissions by 2050 – wind, solar PV, solar thermal, geothermal, CCS, nuclear and bio-energy. And then there is the grid, and it’s need to be smart and play fair, and not just favour the incumbent coal and gas plants.
Geodynamics joins the flood of Australian geothermal hopefuls seeking opportunities – and revenue – overseas with a power supply deal in the Solomon Islands.
A tough year has capped off a decade of over-promising, and Australia’s geothermal industry faces an uphill battle to raise the funds needed to cover high upfront costs and prove the technology. Geodynamics soldiers on, but for many companies the answer lies in heading overseas.
Geodynamics to partner with Gumatj clan to test direct heat, commercial-scale geothermal project in the Northern Territory to power Rio Tinto refinery.
Origin is not in the market for any new wind farms; rooftop solar is changing demand profiles, although its own installations have fallen sharply; Origin’s experience with cutting-edge technologies has been painful; better renewables opportunities lie overseas; and the RET review is good.
A drilling rig owned by geothermal aspirant Geodynamics has been sold to oil and gas group Pangea Resources.
… and the next big baseload project will likely be PNG hydro. Origin Energy CEO Grant King also discusses the RET, the case for smart meters and the changing nature of the energy retail industry, the flickering prospects of geothermal, and why he said no to Solar Flagships.
There is a lot less hype around the geothermal industry as Geodynamics resumes drilling at Habanero.
What are the most exciting cleantech projects in Australia this year? We look at solar energy, algae, electric vehicles, geothermal, wind and wave energy, and take a punt on their prospects.