Whitebark Energy Expands Geothermal Ground in Queensland for Hydrogen Hub Development
Key Ideas
- Whitebark Energy secures an additional exploration permit in Queensland's Cooper Basin, expanding its geothermal ground for hydrogen hub development.
- The company aims to develop Australia's first geothermal energy-to-hydrogen project, with plans for a final investment decision in the first half of the following year.
- Whitebark Energy emphasizes the reliability of geothermal energy as a baseload power source and highlights the strong support it is receiving from investors and government bodies.
- The company's strategic expansion aligns with the Federal Government's recent incentives for hydrogen production, positioning it well for the growing demand for clean, reliable hydrogen energy.
Whitebark Energy has acquired a new exploration permit in Queensland's Cooper Basin, expanding its geothermal ground for the development of a 'hydrogen hub.' This permit, which consists of 1250 sub-blocks, adds to the company's existing licenses in the state. Whitebark Energy views geothermal energy as a reliable source of baseload power and believes it deserves greater recognition from the Australian Government and industry. The company's plans include the development of Australia's first geothermal energy-to-hydrogen project, with a focus on a project in south-west Queensland. Management is optimistic about the future of renewable energy production, especially in the context of the recent government incentives for hydrogen production. Whitebark Energy is strategically positioning itself to meet the increasing demand for clean hydrogen energy and is actively working on consolidating its asset base and developing a work program for its projects. The company's expansion aligns with its goal of contributing to the clean energy transition and meeting the energy needs of the future.
Topics
Projects
Renewable Energy
Government Support
Investors
Energy Production
Queensland
Geothermal Energy
Australian Government
Baseload Power
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