EPG2050 covers an area of approximately 1776 km2 and was identified follow-ing a comprehensive review of a number of geological considerations, future market access availability in the region and expected synergies to arise from the nearby EPG2049 asset. As previously announced, the company continues to progress the evaluation of the commercial opportunity presented by hydrogen production and associated government incentives utilising geothermal power.
EPG2050 has been identified as having the potential to support geothermal development and hydrogen production and is a result of the team’s assessments including energy to market analysis. Initial indications from offset well data indicate an elevated geothermal gradient in the area with considerable potential to produce long-term, dispatchable renewable energy and hydrogen for the region.
The acceptance of the additional EPG application provides a unique opportunity to consolidate the company’s asset base in Queensland, and more specifically, the Cooper Basin. In conjunction with the company’s technology partner and government bodies the company has begun to identify a works program for EPG2050, EPG2049, and EPG2037, including timelines and financing.
Whitebark General Manager, Adam Stepanoff, said: “The acceptance of EPG2050 further underscores our commitment to harnessing geothermal resources, complementing our existing EPG assets in renewable energy production. We are excited about the potential our combined portfolio holds and will continue to evaluate opportunities as part of our currently underway hydrogen commercialisation study and the recently announced hydrogen funding government consultation. Renewable energy production initiatives continue to attract strong support from investors and government bodies and we remain committed to meeting the growing demand for clean, reliable energy.”
For more news and technical articles from the global renewable industry, read the latest issue of Energy Global magazine.
Energy Global's Spring 2024 issue
The Spring 2024 issue of Energy Global starts with a guest comment from Field on how battery storage sites can serve as a viable solution to curtailed energy, before moving on to a regional report from Théodore Reed-Martin, Editorial Assistant, Energy Global, looking at the state of renewables in Europe. This issue also hosts an array of technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more.
