Whitebark Energy Ltd Expands Geothermal Portfolio in Queensland
Key Ideas
  • Whitebark Energy Ltd has been granted an additional geothermal exploration permit, EPG2050, expanding its portfolio in the Cooper Basin, Queensland.
  • The new permit, along with existing ones, totaling 6240 km2, aims to meet hydrogen production demand by harnessing geothermal power.
  • EPG2050 shows potential for geothermal development and hydrogen production, with elevated geothermal gradient and renewable energy prospects.
  • The company, in collaboration with technology partners and government bodies, is planning a works program to evaluate commercial opportunities and timelines for the permits.
Whitebark Energy Ltd has recently been granted an additional geothermal exploration permit, EPG2050, in the Cooper Basin, Queensland, further expanding its portfolio. This new permit, covering an area of approximately 1776 km2, was strategically identified following a detailed review of geological considerations and future market access availability. With a focus on harnessing geothermal power for hydrogen production, EPG2050 has shown promising signs of supporting geothermal development and long-term renewable energy production. Whitebark Energy Ltd now holds a cumulative 6240 km2 of geothermal exploration permits in Queensland, emphasizing its commitment to clean energy. The company is actively working on evaluating the commercial potential of these permits in conjunction with government incentives. Adam Stepanoff, General Manager of Whitebark Energy, expressed excitement about the possibilities the expanded geothermal portfolio presents in meeting the increasing demand for clean and reliable energy. The company is set to embark on a works program for EPG2050, along with the previously accepted permits, to further explore the opportunities for geothermal energy and hydrogen production in the region.
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