Earths Energy Ltd · ASX:EE1
Earths Energy — Corporate Update (March 2024)
19 slides from Earths Energy's corporate update, Mar 19, 2024
Slide 1: Earths Energy and Baker Hughes to collaborate on geothermal technology
For personal use only Earths Energy and Baker Hughes to collaborate on geothermal technology Delivering clean geothermal energy: Renewable, continuous, flexible, abundant, now Technology Agreement Presentation March 2024 1
Slide 2: Disclaimer
Disclaimer FORWARD LOOKING STATEMENT Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward-looking information, including risks associated with invest
Slide 3: Technology Partner – A Major Milestone Achieved
Technology Partner – A Major Milestone Achieved Strategic relationship with Baker Hughes announced • Earths Energy is pleased to announce a strategic relationship with Baker Hughes through a MoU For personal use only • Baker Hughes is renowned for its innovative energy technology solutions across 12
Slide 4: Bringing Advanced Geothermal Systems to Australia
Bringing Advanced Geothermal Systems to Australia Baker Hughes brings extensive industry capability • Built on a century of experience and with over 58,000 employees, Baker Hughes innovative technologies and services are taking energy forward – making it safer, cleaner, and more efficient for people
Slide 5: Earths Energy and Baker Hughes collaboration
Earths Energy and Baker Hughes collaboration Next Steps • Joint Steering Committee to govern the For personal use only relationship and drive towards execution phase and binding agreements over the next 2 years • Governance arrangements in place to ensure both EE1 and Baker Hughes’ commit the time a
Slide 6: Earths Energy - a unique geothermal portfolio in Australia
Earths Energy - a unique geothermal portfolio in Australia Earths Energy has secured a substantial geothermal tenement footprint near potential customers in South Australia and Queensland For personal use only Why Geothermal? “…the amount of heat within 10 km of • 24/7 renewable energy production: D
Slide 7: Corporate Snapshot - a high calibre team of energy industry leaders
Corporate Snapshot - a high calibre team of energy industry leaders Board and Management Capital Structure For personal use only Vendors 24% Management other 11% Matt Kay Grant Davey David Wheeler Chris Bath Dr Lawrence ‘Trey’ Meckel 65% Managing Director Executive Chair Non-Executive Director Finan
Slide 8: Geothermal - a structurally advantaged source of renewable energy
Geothermal - a structurally advantaged source of renewable energy Structural advantages - high capacity factor and low cost Capacity Factor – renewable1 LCOE – dispatchable2 For personal use only • 24/7 renewable energy production Biomass Coal • Geothermal has the highest capacity factor of renewabl
Slide 9: Geothermal growth - steady, constrained to favourable locations
Geothermal growth - steady, constrained to favourable locations Geothermal energy is well established globally Historical Geothermal Generation – Installed Capacity MWe1 For personal use only 18000 • Geothermal energy has been produced for over 100 years 16000 and geothermal power plants have been i
Slide 10: Advanced Geothermal Technologies – key to unlocking the vast resource
Advanced Geothermal Technologies – key to unlocking the vast resource Binary cycle power plants and advanced closed Next Generation Geothermal1 loop technology For personal use only “The development of geothermal power has historically been confined to hydrothermal sites – shallower resources with h
Slide 11: Technology advancements - driving increased drilling and investment
Technology advancements - driving increased drilling and investment Investment is ramping up rapidly Funding for next-gen geothermal has surged1 For personal use only • Interest in next-generation geothermal technologies is driving Disclosed deal value for selected geothermal start-ups (US$mn) recor
Slide 12: Potential impact of technology
Potential impact of technology – unlocking Australia and the World’s vast Geothermal resource The bulk of geothermal resources remain unexploited Geothermal has potential to exceed 1,000 GW by 20501 For personal use only “We think global geothermal • The International Energy Agency estimates that ca
Slide 13: Geothermal - This time it's different for Australia
Geothermal - This time it’s different for Australia Why are there no geothermal projects currently in Australia? Australia now has the building blocks in place for geothermal For personal use only • Not a supportive environment historically - level of • Renewable target of 82% renewable energy power
Slide 14: South Australia Portfolio: Close to Lines and Mines
South Australia Portfolio: Close to Lines and Mines The leading renewable energy transition State For personal use only • South Australia is the leading Australian state for renewable energy transition • Earths Energy has secured blocks totalling 12,035 km² • Located on trend with major transmission
Slide 15: Queensland Portfolio: Meeting East Coast Australia's Growing Power Demand
Queensland Portfolio: Meeting East Coast Australia’s Growing Power Demand Large and strategic footprint For personal use only • One tenement granted and three under application • EPG2026 provides access to grid supplying power to >75% of QLD population • Major transmission lines and power substation
Slide 16: Key milestones for 2024
Key milestones for 2024 Earths Energy has delivered World Class Technology Partner as 2023 Secure fit for purpose team including Board outlined at Relisting Secure Australian acreage under application For personal use only Completed Independent Technical Expert Report on Queensland and South Austral
Slide 17: Investment Highlights
Investment Highlights EE1 positioned to succeed in the renewable energy industry • Early mover in Australia: Assembled prospective and advanced geothermal opportunities across Queensland and South Australia For personal use only • Leading Technology Partner: Collaboration agreement with Baker Hughes
Slide 18: Independent Technical Expert's Statement
Independent Technical Expert’s Statement For personal use only The information in this release that relates to resource estimates through the mapping of prospective areas and gross rock volumes, review of reservoir temperature and properties of rock formations, pore fluids and fracture systems withi
Slide 19: For more information contact
For personal use only For more information contact Matt Kay Managing Director 0401 988 824 mattk@ee1.com.au ee1.com.au | ASX: EE1