Drilling Down to the Reasons Behind Geothermal's Failure (Business Spectator)
A billion dollars is a lot of money, especially when it delivers the dimming of a green dream and a lot of frustration for investors.
This is today’s story for enhanced geothermal energy, or ‘hot rock mining’, as some in the media will have it.
The technology’s travails have been revealed in a report commissioned by the Australian Renewable Energy Agency and it does not make especially happy reading.
ARENA asked an international expert panel chaired by economist Quentin Grafton of the Australian National University to canvass the local opportunities for geothermal. The shorthand response was “not good”.
Read More.....
