Eden Energy Subsidiary Wins Backing For Hydrogen Auto Fuel
An Australian company has won the backing of the giant United States Department of Energy for a long-term test in that country of two hydrogen fuel types for automotive combustion engines.
An Australian company has won the backing of the giant United States Department of Energy for a long-term test in that country of two hydrogen fuel types for automotive combustion engines.
Australia's emerging geothermal energy sector has been boosted with confirmation from new tests that Petratherm's (ASX: PTL) South Australian exploration well has officially recorded one of the country's highest "hot rocks" temperatures at levels much closer to surface than previous such wells.
Geothermal or hot rock energy developer, Petratherm Limited (ASX: PTR), said today it had now successfully completed the drilling of the Paralana-1 well in the State's north, to the target depth of 1,807 metres.
Petratherm is pleased to announce that drilling began late Saturday 20th May, to deepen its promising geothermal well at Paralana.
A decision is expected as soon as mid year on the go-ahead for the first pilot power plant in Australia to use geothermal heat as its fuel source to generate electricity.
South Australia had significant potential for geothermal energy and more than $430 million has been proposed in the search for 'hot rocks' through to 2011, according to Primary Industries and Resources SA (PIRSA).
Addressing the first day today of the "2006 Paydirt SA Resources @ Energy Investment Conference" being held in Adelaide, listed hot rocks specialist, Petratherm Limited (ASX: PTR), said resumption of drilling would commence at its Paralana-1 well within a fortnight.