Cradle Resources Limited (AU:EE1) has released an update.
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Earths Energy Limited has released a report highlighting the promising commercial prospects for its geothermal projects in South Australia. With the state’s high renewable energy penetration resulting in peak wholesale power prices of $250-$300 per MWh, the company’s consistent geothermal power production is well-positioned to meet demand and optimize revenue. Additionally, the report supports the potential for substantial earnings from power purchase agreements and ancillary service markets, reinforcing the projects’ strategic development.
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