Australia:

Australian Geothermal's Glimmer of Hope (The Australian)

Not so much light at the end of the tunnel – more a glimmer of hope.

(Courtesy CIA.gov)

But that’s about as good as Australia’s geothermal sector can hope for at present. What was once seemed the answer to Australia’s energy/greenhouse gas problems – that is, non-polluting base load power from heat extracted from thousands of meters below the ground – has turned into an investment wasteland.

Everyone agrees it’s a great idea and will one day deliver on its promise. But when that might be remains a mystery.

Moreover, what progress there is by our companies tend to be abroad – Spain, Chile, Indonesia and Argentina - rather than at home.

Nevertheless, two steps forward today.

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