I-Pulse Partners with Sunrise Energy Metals for Millungera Basin Geothermal Project in Australia

I-Pulse has announced a strategic partnership to advance the Millungera Basin Geothermal Project in Queensland, Australia. The company will assume operational control and funding through a joint venture with Sunrise Energy Metals and Greenvale Mining. The basin's geothermal potential is estimated to exceed 611,000 petajoules, equating to 600 times Australia's annual electricity consumption. I-Pulse will utilize its G-Pulse pulsed power technology to enhance drilling efficiency and unlock geothermal energy resources.

Published Mar 24, 2026

I-Pulse has formed a partnership with Sunrise Energy Metals and Greenvale Mining to advance the Millungera Basin Geothermal Project in Queensland, Australia. I-Pulse will gain operational control under an earn-in agreement, with a joint venture structure allocating 65% to I-Pulse, 20% to Greenvale, and 15% to Sunrise after completion.

AI-curated by Theia

The Millungera Basin is estimated to hold over 611,000 petajoules of geothermal energy, significantly surpassing Australia's annual electricity needs. I-Pulse's G-Pulse technology aims to enhance drilling efficiency, targeting deep granitic formations to access geothermal energy.