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GeoSolar becomes Heliotherm

GeoSolar Ltd, a subsidiary of Petratherm, changes name to Heliotherm Ltd to reflect its primary role is solar thermal technology development.

Heliotherm has entered into an exclusive agreement with the University of Adelaide to develop its Heliotherm integrated solar thermal technology project and has been offered an A$794,268 grant under the Premier’s Science and Research Fund (PSRF).

The project aims to reduce the cost of solar thermal technology by up to 40% through the integration of solar thermal, geothermal and combustion technologies.

The key innovation of the thermal project is the use of an integrated boiler that exploits all of the various energy sources, reducing capital costs to achieve a critical breakthrough in cost and efficiency in solar thermal technology.

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