Last week, GeoDynamics commissioned a new drilling rig and is about to start work on a new geothermal well. Geodynamics chairman Martin Albrecht said "Habanero 3 may turn out to be one of the most important on-shore wells ever drilled in this country"
HFR geothermal energy will work in theory by drilling wells 4-5km into hot granites, circulating water through them and turning the heat energy which returns to the surface to electricity.
This would provide the proof of concept needed to develop a 40 megawatt power plant delivering power into the national electricity grid by the end of 2010. [more info]
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