Australia pioneers energy from hot rocks

Fascinating story coming out of Reuters. Here at Checkmate, we're always interested to see new technology being used in commercial applications to solve everyday needs.

In Australia, a "combination of nature's bounty, government support and entrepreneurial spirit may well help Australia win the race to generate electricity for commercial purposes from rocks, which some say could produce more than the country's known oil or coal reserves."

The rocks are heated by the earths core, and insulated under several rock layers. By drilling down to the hot rocks, companies are exploring using that heat to create steam and generate electricity - by some accounts, enough electricity to power the majority of south Australia.

Geothermal technology isn't new, but doing it on a large scale for commercial purposes is. Good on ya, Mates!