Whitebark Energy Ltd (AU:WBE) has released an update.
Whitebark Energy Ltd has expanded its geothermal exploration endeavors with the addition of the EPG2050 permit in Queensland’s Cooper Basin, indicating promising geothermal activity for long-term renewable energy and hydrogen production. This move is in line with the Australian Federal Government’s substantial hydrogen production incentives and complements Whitebark’s existing portfolio, enhancing their position in the renewable energy market. The company’s strategic growth in geothermal and hydrogen assets aligns with investor and government interest in clean energy solutions.
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