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K. Dhanumjaya B.Tech (Mech)
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Wed Aug 20, 2008 12:51am EDT
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By Michael Perry
SYDNEY (Reuters) - Australia scientists estimate that only one percent of the nation's untapped geothermal energy could produce 26,000 years worth of clean electricity.
The Australian government announced on Wednesday a A$50 million (US$43 million) project to help develop technology to convert geothermal energy into baseload electricity.
"Geothermal energy which is sometimes known as hot rocks has got a huge potential for Australia, both as a solution to climate change and in terms of national energy security," said Resource Minister Martin Ferguson.
Australia is the world's biggest coal exporter, with coal used to generate about 77 percent of its electricity, but Australia has a renewable energy target of 20 percent by 2020.
To produce power from geothermal energy, water is pumped below ground where it is heated and the heat energy used to generate power.
The Australian government's Geoscience Australia organization has mapped the nation's geothermal energy, using temperature recordings from decades of drilling by energy and exploration firms, sometimes to a depth of five kms (three miles).
A total of 5,722 petroleum and mineral boreholes across Australia were used to generate the map.
"One percent of reserves would produce 26,000 years of energy supplies," Geoscience's Anthony Budd told Reuters on Wednesday.
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