Aussie hot rock energy worth $10 billion

Australia`s geothermal, or ‘hot rock,’ energy resources could generate 10 percent of the nation`s electricity supply, a report says.

A new report by the Center for International Economics estimates recoverable hot rock resources across Australia equates to the national power consumption for 450 years, and could inject $10 billion Australian (USD7.65 billion) into the economy by 2030.