The company has drilling technology created in Western Australia and developed in Europe that enables faster and very deep drilling at low cost. This tried and proven technology is now providing the ability to reach the required geothermal heat levels close to market, rather than in shallow volcanic sedimentary heat reservoirs that are generally a long way from markets for electricity and water.
Good Water Energy uses single well systems that do not require stimulation or fracking of the earth to create communication between wells or drilling into geothermal reservoirs, thereby totally eliminating the reason why large geothermal projects have not been successful in Australia over the past 15 years. There is also no extraction of any groundwater, including geothermal brine, and there is also no contaminated water injected back into shallower groundwater reservoirs, which is common with twin well geothermal systems, making Good Water Energy geothermal systems even more environmentally acceptable. Only heat is transferred to the surface, conveyed by clean fluid inside a closed loop, vertical heat exchanger, located in the geothermal reservoir. This provides for very low thermal energy production costs and for much longer well life.
Vision, mission and values
- To be Australia’s leading renewable energy and water supplier; providing low cost, zero emission, sustainable green products to homes, businesses and industry for many generations to come.
- To replace fossil fuels with green hydrogen for transport, power generation, processing and household gas requirements.
- To deliver green hydrogen, electricity and desalinated fresh water as a vertically integrated service provider, directly to homes, highway service stations, businesses and industry as a retail provider.
- To become a global leader in renewable energy, green hydrogen, ammonia and water development, production and distribution within 10 years.
Good Water Energy plans to install 100MW to 3GW base-load electricity, green hydrogen and water plans in all Australian States before 2040.
Large volumes of distilled fresh water will be generated from salty or ocean water using waste heat from our geothermal power generating turbines.
Our desalination plants will also serve as a cooler for our power generation systems rather than using large amounts of electricity to run air cooling systems as most geothermal power plants do.
This integrated system therefore lowers our cost of both electricity generation, water desalination and compressed green hydrogen production.
Due to the availably of waste heat from our geothermal power generating systems and large volumes of managed salt brine from our desalination processes, high quality sea salt and other minerals such as lithium, potassium, potash and magnesium can be extracted from salt brine. Other possibilities for waste heat include air-conditioning, heating greenhouses or industrial processing.
Our goal is to create a scalable model that can be implemented across Australia, reducing our dependence on fossil fuels for energy as well as addressing Australia’s severe water shortages and plastic waste issues.
Green hydrogen can be transported by hydrogen fuel cell driven road transport from Good Water Energy production hubs to Australian service stations where it can be purchases at the bowser for less than A$20 per KG. At this low price for green hydrogen, transport and private car fuel costs will be lower than diesel or petrol car and truck fuel prices per km when using a hydrogen fuel cell vehicle.
Good Water Energy intends to divert 500,000 litres of the distilled water to zero emission bottled water packaging plant at selected locations.
The water will be packaged in environmentally friendly plant based plastic bottles produce from locally grown wheat and barley.
Zero Emission Water will be sold to the Australian retail market at a very competitive price.
Expansion of the water packaging plants will produce more than 5 ML/d with market acceptance.