Geothermal

Now we're talking. Australian scientists are working to install geothermal energy plants.

SYDNEY (Reuters) - Australia scientists estimate that only one percent of the nation's untapped geothermal energy could produce 26,000 years worth of clean electricity.

The Australian government announced on Wednesday a A$50 million (US$43 million) project to help develop technology to convert geothermal energy into baseload electricity.

"Geothermal energy which is sometimes known as hot rocks has got a huge potential for Australia, both as a solution to climate change and in terms of national energy security," said Resource Minister Martin Ferguson.

Update: Google is also investing in geothermal technology. 10.5 million.