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Programs under ACRE that have direct relevance to the Australian geothermal sector are: Geothermal Drilling Program (GDP) – The GDP supports companies with the cost of drilling for proof-of-concept geothermal projects. In 2009, seven recipients were awarded grants of AU$7 million each (US$7.3 million) with five contracts executed with the Commonwealth in 2010, including: Hot Rock Ltd –Otway Basin, Victoria; Geodynamics – Hunter Valley, New South Wales; GRE Geothermal WA1 Pty Ltd – Perth, Western Australia; Greenearth Energy Ltd – Geelong, Victoria; and Torrens Energy Ltd – Parachilna, South Australia. Renewable Energy Demonstration Program (REDP) – REDP accelerates the commercialisation and deployment of new renewable energy technologies for power generation in Australia by assisting the demonstration of these technologies on a commercial scale by providing grants on a 2:1 matched funding basis for eligible demonstration projects. Two geothermal projects were awarded REDP grants with contracts executed with the Commonwealth in 2010: Geodynamics Ltd (AU$90 million / US$94 million) for its Cooper Basin project and Petratherm Ltd (AU$62.7 million / US$65.5 million) for its Paralana project. In addition, the AusIndustry REDI program grant (AU$1.25 million/ (US$1.3 million) for the development of improved heat conversion technology (now called GRANEXTM) reached a successful conclusion, under the stewardship of the University of Newcastle and Granite Power Limited, with an ~50% uplift in heat conversion relative to conventional ORC technology. Commercial roll-out is now under way, focussed on recovered waste heat applications. Australia‘s Onshore Energy Security Program- In addition to the CEI, the Australian Government‘s AU$58.9 million (US$61.6 million) funding over five years for the Onshore Energy Security Program (OESP) provides new precompetitive geoscience data and interpretation in support of various earth resource industries including geothermal (see section 8.7.2). State and Territory Government Initiatives- Growth and activity in the Australian geothermal sector has benefited from targeted policy and legislative frameworks and generous grant funding from the Australian state and territory governments. Current government programs supporting geothermal energy research and development are summarised in Table 8.2. South Australia (SA)- Launched in 2004 by the South Australian Government, the Plan for Accelerating Exploration (PACE) initiative includes funding for collaborative exploration programs that address critical uncertainties in mineral, petroleum and geothermal exploration. In 2010, AU$120,000 in PACE funding was awarded to two geothermal companies in support of innovative research or greenfields drilling projects. To end 2010, a total of AU$3.9 million (US$4.1 million) in South Australian Government funding including AU$1.1 million (US$1.15 million) has been provided to underpin the advancement of geothermal energy projects in South Australia. In addition, the South Australian Government continues to provide the secretariat for the AGEG and is the Contracting Party to the IEA GIA for Australia. For details of successful projects supported by PACE funding, see: http://www.pir.sa.gov.au/minerals/pace/theme_2. South Australian Government support for other research organisations and programs is discussed further in Section 8.7.2 and Appendix B. Western Australia (WA)- In 2010, the Geological Survey of Western Australia (GSWA), within the Department of Mines and Petroleum, commissioned the geothermal studies for the onshore Bonaparte, Browse, Carnarvon, Officer, and Perth Basins amounting to a total cost of AU$150,000 (US$160,000). The Department of Mines and Petroleum, the Department of Water and the Western Australian Geothermal Centre of Excellence participated in the preliminary organisation and sponsorship of the inaugural West Australian Geothermal Energy Symposium, which is planned for March 2011 with the aim to promote geothermal energy in the 82PDF Image | Geothermal Research and Tech IEA
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