Benefits of Enhanced Geothermal Systems (EGS) Geothermal Energy

EGS geothermal energy is the only known source of renewable energy with a capacity to carry large base loads 24 hours per day. This makes it the only known energy source with the recognised potential to replace fossil fuels, rather than just augment them, as is the case for most other renewable energy sources.

One of the main advantages of EGS geothermal energy is the low environmental impact. As the energy is derived from converting heat extracted from hot rocks there are no gas emissions. Unlike burning fossil fuels, no CO2 is released into the atmosphere.

The process does not produce any waste dumps and has a low noise impact. The construction of a EGS geothermal power plant leaves only a small environmental footprint. Site disturbance is limited to drill holes and pipelines, and a building to house the power plant.

The identified energy potential locked up in known high heat producing granites in Australia is enormous. In principle, there is sufficient energy to meet the total electricity requirements of Australia for hundreds of years to come.

Before this potential can be unlocked, the economic viability has to be proven through the construction of a demonstration plant. Geodynamics Limited is well placed to undertake such a development with its expertise, management and international contacts and is currently focused on reaching the final investment decision on a 25 MW Power Plant by 2013.