The latest announcement from Australia’s Brisbane-based Geodynamics Limited [ASX:GDY (Yahoo) or (ASX fact sheet)] outlines some of the company’s plans for 2008.

Geodynamics Prepares For Landmark Year (January 15, 2008)

Geodynamics Limited has outlined several milestones for the coming year that it believes will ultimately result in Australia having a very significant and cost competitive clean energy resource comparable to its gas resources in Western Australia.

The first megawatts (MW) of geothermal power produced from the Cooper Basin and the final design of a 50 MW power plant for commercial operation are just two of the landmark events planned for Australia’s most advanced geothermal energy company.

(for an introduction to the company, the rest of this announcement is worth a read)

Geodynamics listed on the ASX in September 2002, is categorised in the GICS Industry Group Utilities, and has a current market capitalisation of around A$319m.

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Posted: January 15th, 2008 under ASX Listed, Companies, Renewable Energy.
Comments: 1

To get started with our coverage of Australian listed alternative energy stocks, let’s look briefly at one of the star performers of the last few months.

Perth-based Carnegie Corporation (ASX:CNM) is focused on developing and commercialising clean energy technologies, with current projects in “CETO” wave energy technology and “Cleaner Coal Power”, a low-emission, coal-fired power generation technology. They further aim to become a diversified clean energy technology company and in their 2007 AGM presentation, bullishly ask: “who will become the Googles and Microsofts of the sector?”

Performance-wise, CNM’s share price has more than doubled in only the last month to reach its close today at AU$0.47. Current speculation appears linked to potential commercial deployments 12-18 months away as CNM states in their recent ASX response on price movements since The West Australian newspaper’s article “Carnegie surges on eve of water deal”.

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Posted: January 2nd, 2008 under ASX Listed, Clean Energy, Companies, Renewable Energy.
Comments: 1