Earths Energy will be using GLJ to conduct a technology review of its two South Australian projects
GLJ is a global leader in energy consulting, specialising in geothermal project development and Carbon Capture Utilisation and Storage
The review will evaluate both the geothermal and CCUS potential at Paralana and Flinders West
Special report: Earths Energy has appointed energy consulting business GLJ to its team to conduct a technology assessment of the company’s two South Australian projects.
Earth Energy’s (ASX:EE1) South Australian projects cover some 12,035km2 with multiple ‘sweet spots’ identified for exploration.
The company is targeting high temperature rocks within the South Australia Heat Flow Anomaly along major transmission lines and adjacent to large-scale mining operations and major energy consumers such as Olympic Dam, Carrapateena and Four Mile/ Beverley.
With its supportive legislation, South Australia is the most advanced jurisdiction in Australia to have established a regulatory framework for the commercial development and operation of CCUS projects under a strategic gas storage licence.
From EE1’s perspective, its Paralana and Flinders West projects represent the most advanced geothermal projects in Australia and are more likely to be developed for commercial power production faster than any other Australian project EE1 is aware of.
South Australian projects with historical geothermal wells and heat map. Pic: Earths Energy
Paralana, 300km northeast of Port Augusta, has demonstrated a significantly higher temperature gradient of 46C per km of depth, ~1.84x the Australian average, making it ideal for new enhanced geothermal systems engineering methods.
Meanwhile, Flinders West – about 45km northwest of Port Augusta – has been independently estimated to represent the upper range of power density at 7MWe/km2, which is enough for commercial power generation.
Geothermal development on the fast-track
EE1 has now appointed GLJ as technical advisors to assist with the company’s geothermal project development.
GLJ will begin a technology and techno-economic assessment to establish the potential for CCUS technology to enhance geothermal project economics.
EE1 expects to begin sharing some of these findings and developments from GLJ with the market during Q3, 2024.
GLJ previously worked on Vulcan Energy’s (ASX:VUL) Zero Carbon Lithium Project, demonstrating their ability to drive innovation and commercial outcomes in the renewable energy sector.
“We are thrilled to appoint GLJ, whose expertise in geothermal and CCUS technologies will be invaluable as we advance our geothermal energy projects,” EE1 CEO Josh Puckridge says.
“Their significant role in Vulcan Energy’s Zero Carbon Lithium project showcases their ability to drive innovation and sustainability which we believe will be an asset to Earths Energy.”
This article was developed in collaboration with Earths Energy, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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