Energy is, and will remain, the largest business on Earth. This industry is undergoing major changes as the world grapples with climate change, pollution and the need for renewable energy. One source of renewable energy is Enhanced Geothermal Systems (EGS) formerly known as hot fractured rock (HFR) geothermal energy.

Geodynamics Limited is one of 48 geothermal energy companies that have formed in Australia since it listed on the Australian Securities Exchange in 2002 and is the country’s largest listed public company focused on Enhanced Geothermal Systems. The company is confident it can eventually deliver a quarter of Australia’s new generating capacity.

EGS energy is produced using heat extracted from buried hot granites by circulating waters through an engineered, artificial reservoir or underground heat exchanger. These hot granites represent a massive source of renewable energy, free from CO2 emissions.

Geodynamics is pushing the boundaries of geothermal drilling techniques on an international scale, having successfully drilled 4,000 m into granite that contains multiple fractures and water under pressures of up to 12,000 psi. Lessons regarding rigs, bits, drilling fluid and pressure management were learnt from the initial drills on Habanero 1 and Habanero 2 and the knowledge gained has been vital in the successful drilling of Habanero 3, Jolokia 1 and Savina 1.

The company is focused on delivering power from a 25 MW plant by December 2013 and Geodynamics is targeting production of more than 500 MW by 2018. Eventually output will reach 10,000 MW – the equivalent of 10 to 15 coal-fired power stations – giving hot rocks energy a justifiable claim as a great Australian resource to rank with the Snowy Mountains Scheme.

The development of EGS energy relies on existing technologies. EGS projects are currently underway in France, Switzerland, Germany, California, and Japan. Australia has a recognised potential for the development of EGS energy.

Geodynamics Limited has secured significant geothermal exploration rights in South Australia, New South Wales and Queensland and is investigating the potential in other states. The Company has a strong Board of Directors and successfully listed on the Australian Stock Exchange on 12 September 2002. Stage One of the Company's Business Plan is complete following proof of concept in 2009.

"There are compelling reasons for change. Ask anyone in the energy business if a change in the energy economy is necessary and they will say 'yes'".