I-Pulse Announces Strategic Partnership to Advance Geothermal Pulsed Power Applications in the Millungera Basin, Australia

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I-Pulse to assume operational control of Millungera Basin Geothermal Project with Sunrise Energy Metals, Greenvale Mining Millungera Basin Total Identified Stored Energy Estimated to Exceed 611,000 Petajoules, or 600x Australia’s Current Annual Electricity Consumption I-Pulse’s G-Pulse Tool Deploys High Pulsed Power to Unlock Access to Geothermal Energy NEW YORK, March 23, 2026--(BUSINESS WIRE)--I-Pulse Co-Founder, Chairman, and CEO Robert Friedland, I-Pulse Co-Founder and Head of Technology Laurent Frescaline, and Sunrise Energy Metals Managing Director Sam Riggall, are delighted to announce a partnership to deploy and validate I-Pulse’s G-Pulse pulsed power drilling technology in the Millungera Basin, a large-scale geothermal clean energy resource located in northwest Queensland, Australia. Under an earn-in agreement, I-Pulse will assume operational control and funding of the Millungera Basin Geothermal Project through a capital-light, technology-driven joint venture structure. Sunrise remains a free-carried minority holder of the site, ensuring alignment, continuity and local resourcing, while I-Pulse retains operational and financial control. Greenvale Mining also continues as a partner in the venture. At completion of the earn-in, a joint venture will be established for the project, with the JV parties being I-Pulse (65%), Greenvale (20%) and Sunrise (15%). I-Pulse subsidiary G-Pulse is focused on deploying high pulsed power technology to address one of the most challenging and expensive stages of geothermal development — drilling deep wells into extremely hard rock formations to access hot granites deep beneath the Earth’s surface. Using this technology, the company plans to advance detailed technical programs designed to unlock the full geothermal potential of the Millungera Basin. The Millungera Basin is widely considered to be one of the most significant untapped geothermal energy resources identified in recent decades. More than 300 kilometres long and 40 to 50 kilometres wide, the basin contains geological formations dating back 540 million years. An analysis by Ascendience Geoscience, an independent geoscience consultancy engaged by Greenvale Mining, has confirmed the basin’s extraordinary geothermal potential, with total identified stored thermal energy exceeding 611,000 petajoules at a 90% confidence level. This equates to 600 times Australi...

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