The two companies have on Monday signed a memorandum of intent (MOI) after nearly two years of informal discussions.
The MOI includes identifying a site for Greenearth’s proposed Geelong Geothermal Power Project (GGPP) stage 1 (proof of resource/concept) and stage 2 (demonstration 12MWe) on land currently leased by Alcoa.
It also includes grid connection of GGPP via Alcoa infrastructure assets, purchasing of Renewable Energy Certificates (RECs) after stage 2, and working towards evaluating and implementing other low-carbon technologies.
Greenearth’s
