Cradle Resources Limited (AU:EE1) has released an update.
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.
For further insights into AU:EE1 stock, check out TipRanks’ Stock Analysis page.
