Geodynamics will become a world-leading Australian geothermal energy company, supplying competitive zero carbon energy and base-load power.

Our immediate goal is to secure funding to construct an Enhanced Geothermal Systems (EGS) / Hot Fractured Rock (HFR) geothermal demonstration plant. This can only be achieved by demonstrating that we have:

	A recognised high quality board and management;
	A superior EGS geothermal tenement position;
	Access to the best EGS scientific and technical expertise in the world.

The commercialisation of EGS geothermal energy is still in its infancy. Technology development is complex, time consuming and expensive. Geodynamics must negotiate market and insitutional barriers to ensure the Company is successful in building the first 25 MW demonstration plant, expanding the reserves through continued drilling and ensuring the transmission lines are available for exporting the energy to market.



Overview of the technology development chain
Source: Australian Business & Climate Group, (2007), Stepping up - Accelerating the deployment of low emission technology in Australia.

As of July 2009, 48 companies had applied for geothermal licence areas covering more than 360,000 square kilometres across Australia.  

Many geothermal energy companies are now members of the Australian Geothermal Energy Association (AGEA) formed in November 2007 to lobby the Federal and State Governments into providing funding and policies that will support the development of the geothermal energy industry in Australia. For more information on the industry association, visit their website at www.agea.org.au.