Clean Energy Australasia Pty Ltd (CEA) was founded in November 2006 with the goal of commercial generation of clean, sustainable base-load electricity using the natural geothermal heat flow from hot rocks and hot sedimentary aquifers .
CEA comprises a strong team of engineers, geoscientists and business professionals well experienced in managing the exploration and development of oil and gas projects, power generation and geothermal projects.
CEA has secured tenements in the Great Artesian Basin in highly prospective areas for geothermal hot rocks and hot sedimentary aquifers. High heat flows and temperatures are proven by the considerable number of petroleum and geothermal wells drilled in the area. This tenement acquisition philosophy is predicated on minimising technical risk, maximising adaptation of conventional petroleum and geothermal technology, and enhancing the prospects for competitive base-load geothermal power generation.
Globally, base-load geothermal power generation is an established industry that is reliable, safe and competitive with more that 100 years of history and more that 13 Gigawatts of installed capacity.
CEA is pursuing development of price competitive base-load geothermal electricity for mines and petroleum facilities, regional communities and the National Electricity Market (NEM). Base-load geothermal power compares favourably to existing fossil fuel based generation such as diesel, gas and coal based generation that carry the burden of high fuel costs and high carbon emissions. Large scale base load geothermal power could potentially replace a considerable portion of Australia's ageing coal fired power generation in the medium to longer term.
The Great Artesian Basin is also very prospective for solar power, with high levels of solar insolation and prevalence of clear skies. There is excellent synergy for large scale geothermal - solar power generation.
Mungerannie Bore Lake | Photo: Joe Reichman