The Royal Melbourne Institute of Technology’s (RMIT) 2008 Business Plan Competition has been won by a company that uses Australian-first technology to harness renewable energy from the earth for heating and cooling.
According to a statement released by RMIT, EnergyCore supplies and installs geothermal heat pumps that tap into the natural heat of the earth and can save up to 70 percent on energy bills.
EnergyCore was awarded the 2008 Business Plan Competition, an annual competition open to RMIT students worldwide.
Team leader Donald Payne said geothermal heat pumps work by exchanging heat with the ground, which keeps a stable temperature all through the year.
“As a physicist, for me, it makes such simple sense – when it’s sweltering on the surface, the earth remains cool, and when it’s cold on top, the earth stays relatively warm.
“If every Australian household installed a geothermal heat pump, we could single-handedly meet our 2020 renewable energy target,” he said.
EnergyCore was awarded $25,000 by RMIT and a $10,000 award by The LiTMUS Group, consultants to the energy industry.
Latest on Power & Energy
- Downturn driving green IT into data centres
- Equinix power outage downs VoIP, tweets up a storm
- Microsoft to open two new data centers
- Europe moves to develop standard mobile phone chargers
- ZigBee develops standard for devices without batteries
- Are sealed-in laptop batteries a good idea?
- Apple finds silver lining in verdict on green claims
- Bull launches 'green' supercomputer
- 200 solar-powered network sensors to monitor rainforest
- Sony Ericsson goes green with two new phones
IT Services Essentials
- After the Open, Tennis Australia CIO shoots for winning IT
- Gartner: Top 30 offshore locations for 2008
- HP integrates EDS into technology operations
- IBM Q3 revenue rises, but signs of downturn loom
- HP chief Hurd fields questions about EDS buy
- IBM to open services centre in Ballarat
- The 5 quickest returns on your green investment
- HP buys EDS for US$13.9 billion
- Fujitsu taps hydrogen power to fuel energy savings
- Data center mushrooming? Why not get rid of it?
TechWorld Jobs (beta)
Recent Jobs
TechWorld Blogs
-

TalkingTech
The view from the top of IT with TechWorld Editor Rodney Gedda
-

Entrenched
Cooking up better code, IDG's developers reveal some of their secrets
-

Broadband Voice
Darren Pauli digs in from the front line of Australia's broadband battleground
Recent blog posts
- Nokia remains 'open' to Android amid Symbian renaissance
- KDE's Seigo gives sneak peek at version 4.3
- Was the iPhone 3G S worth queuing up for?
- Has Oracle started its mammoth technology consolidation?
- iPhone 3.0: the detail is the process, not the features
- TechWorld.com.au goes mobile
- Should Dell buy Palm? Stranger things have happened
- A big week for Linux: is user friendliness finally in sight?
- Apple, Android rain on Palm's Pre parade
- The clone attack is becoming unstoppable
Recent comments
- State your Prediction and
9 hours 26 min ago - Yes I have seen them.Actually
10 hours 19 min ago - PSP Nintendo
1 day 1 hour ago - Interesting report. You were
1 day 21 hours ago - Are you sure it is in Sydney?
2 days 8 hours ago - The mobile market has
2 days 16 hours ago - Great news.
Sms spam should
3 days 13 hours ago - now what am I gonna do with
3 days 16 hours ago - ozlotteries.com not ozlotto.cm
3 days 18 hours ago - OLAT Release
4 days 4 hours ago - and i was sure i would win...
4 days 8 hours ago - Hi SolidRadicle,
I am looking
4 days 9 hours ago - Not if I can help it
4 days 9 hours ago - Ozlotto Tips Scam
4 days 13 hours ago - Great post.
It's very
4 days 13 hours ago - Excellent review! I'm glad
6 days 10 hours ago - iTunes Helper
1 week 1 day ago - Update the link to OrangeHRM web site
1 week 2 days ago - Very informative article
1 week 2 days ago - Google Chrome is still being directed to bing instead of google
1 week 2 days ago










Comments
Post new comment