Tuesday 15 December 2009

Geothermal energy funding

www.abc.net.au
Dec 13, 2009

The Federal Government has awarded $7 million to a Western Australian company to conduct geothermal testing in Perth. Perth based company GRE Geothermal will aim to prove that geothermal energy is recoverable within the metropolitan area. Funding has also been given to companies in New South Wales, Victoria and South Australia to conduct research in the field. The Resources Minister Martin Ferguson says Geoscience Australia estimates that if just one per cent of Australia's geothermal energy was extracted, it could supply Australia's total energy requirements for 26,000 years.

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