Australian Geodynamics wins $90M to make hot-rock power a reality
Geodynamics, a company that draws emissions-free power from hot fractured rocks beneath the earth’s surface, has just won $90 million from Australia’s Renewable Energy Demonstration Program.
The Hot Fractured Rock (HFR) technique is basically the extraction of the earth’s heat from broken granite over three kilometers… Continue Reading
Could a big geothermal energy play be next for Google.org?
Google.org, Google’s philanthropic arm, has taken a number of stakes in solar and wind startups over the past year, most recently joining a $115 million investment in solar thermal firm BrightSource Energy. It now seems to be focusing its attention on the bustling geothermal energy… Continue Reading
Australian geothermal project could show worldwide potential
While most of the investment community’s attention stateside remains squarely focused on solar, wind and biofuels, adventurous types in Australia have been dabbling in the nascent, and promising, field of hot fractured rock (HFR) geothermal energy. The pioneer in this sector has been Geodynamics, which… Continue Reading