News

August 24, 2007

Petratherm’s Geothermal Energy Technology Could Be A Winner

At face value, the concept of extracting energy from deep below the earth’s surface from rock systems with temperatures between 200°C and 280°C is pretty exciting. The environmental and political case is also overwhelming, therefore assisting the economics of an overall feasibility for such an operation.

The only problem for geothermal energy or 'hot rocks' specialists like Adelaide-based PetraTherm, is that this popular and sexy power alternative is yet to be proven. Several pre-feasibility studies have been successfully completed and a group in Germany is possibly just two months from production, but at present, geothermal energy has not become a commercial reality. So despite having one of the brightest hot rocks prospects in the world, the Paralana development in South Australia, and an...