[LINK] Global Warming Yes or no.
stephen at melbpc.org.au
stephen at melbpc.org.au
Thu Nov 11 15:30:47 EST 2010
> Don't expect America to lead our world anywhere on climate change ...
> "Few causes unite the conservatives of the newly elected US Congress as
> unanimously as their opposition to government action on climate change.
The American and Australian governments disagree ..
ASX ANNOUNCEMENT 10 NOVEMBER 2010
$7 million Geothermal Drilling Program grant executed
Highlights: $7 million Geothermal Drilling Program grant for
Geodynamics Hunter Valley geothermal project executed with Federal
Government Grant to be used for drilling two proof of concept
wells for the Geodynamics Hunter Valley project
Geodynamics is pleased to announce that the $7m funding deed granted
by the Federal Government under Round 2 of the Geothermal
Drilling Program (GDP) has today been executed.
Initially awarded to Geodynamics in late 2009 and announced at the time,
the GDP funding has been granted for the development of Geodynamics
Hunter Valley geothermal project.
The funding will be used by Geodynamics to drill two deep wells on its
Hunter Valley tenements in order to demonstrate proof of concept. For
further information please check our website (www.geodynamics.com.au) or
contact Dr Jack Hamilton or Mr Paul Frederiks on + 61 7 3721 7500.
Dr Jack Hamilton
Geodynamics is the leading Australian geothermal exploration and
development company. Geodynamics possesses some of the best eothermal
resources in the world and is rapidly developing technology to
exploit the resource. Geothermal energy has the potential to be a
critical element of Australias future power generation and Geodynamics
is at the forefront of development.
About geothermal energy
Geothermal energy offers the prospect of zero carbon, base-load energy
generation. "Zero carbon" means that no carbon dioxide (CO2) will
be emitted when generating energy. This is different from some
other forms of renewable energy, which still result in
significant CO2 emissions. Base-load means that power is available
24 hours a day, 7 days a week, all year round, and therefore can be
used to meet energy needs at any time. This is a significant
advantage compared to a number of other zero-carbon technologies
that are more intermittent (such as wind, wave and solar power).
Geothermal energy produced from hot fractured rocks, also known as
Engineered or Enhanced Geothermal Systems (EGS), is generated by special
high heat producing granites located 3km or more below the Earth's
surface. The heat inside these granites is trapped by overlying rocks
which act as an insulating blanket. The heat is extracted from these
granites by pumping water through fractures in the granite and bringing
the hot water to surface. Geodynamics believes that energy produced using
EGS technology is capable of generating base-load power at a cost that
will be very competitive with other energy sources (both low carbon and
Geodynamics is also working to exploit the lower grade, hot sedimentary
aquifers at shallower depths. While hot sedimentary aquifers have lower
temperatures than EGS, and hence lower power conversion efficiency, the
shallower nature of these resources render them more readily accessible
with simpler technology and therefore may be more rapidly commercialised.
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