Green Rock Energy has secured a deal to power the University of Western Australia's (UWA) air conditioning system with geothermal energy.
Air conditioning is one of Australia's largest energy demands; yet, this is the first project of its type in Australia. It is estimated the project will replace 5 megawatts of grid-based energy demand.
To generate the power, Green Rock Energy (ASX:GRK) will drill two three kilometer-deep wells on campus. The wells will draw up super-heated water; the water will be fed through heat exchangers, and, after its use, the water will then be returned to its source.
If this project is successful, it could lead to a large increase in business for Green Rock: its partnership with the University of Western Australia would expand, and it would also have a better chance of securing a deal to provide the energy for heating and cooling the houses in the new 40,000 home Alkimos development.
Green Rock estimates the UWA project will cost A$12 million.
Read the full story at The Australian: Uni Chills Out with Geothermal
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