Archive for September, 2009
Magma names VP of corporate relations
In Canada, Magma Energy Corp. has named Alison Thompson Vice President, Corporate Relations. Ms. Thompson holds a Master of Engineering (Chemical) from McGill and a Master of Business Administration degree from Queens University. She is currently Chair and Executive Director of the Canadian Geothermal Energy Association. Ms. Thompson will manage Magma’s investor, government and corporate [...]
Maine-based Foundation tracking geothermal payback
In Maine, the Chewonki Foundation of Wiscasset has installed a web-based energy logging system to monitor the geothermal heating unit they recently had installed. The unit, which is to help heat the largest building on campus, comes from Massachusetts-based Onset Computer Corp. It incorporates flow meters to measure BTUs produced and flow rates; a kilowatt [...]
Geothermal economy puts Nevada County in the black
In Nevada, one county can thank the regions geothermal activity for filling its tax coffers. Revenue increased by more than $45 million (256%) in Churchill County during the past year. Geothermal power plants from Enel Energy in Salt Wells and Stillwater and exploration drilling from Vulcan Power were prime contributors. The plants, exploration and drilling [...]
Reno casino bets on geothermal heat
In Nevada, the Peppermill Resort Casino in Reno has drilled to 4,400 feet down to a hot water aquifer. The 173 degree F water will be used to heat its entire property and running water by January. The Peppermill said that the water needed to be at least 165 degrees F to be efficient enough [...]
Kenyan bonds reported to be oversubscribed
In Kenya, Bloomberg is reporting that a $200 M bond sale for Kenya Electricity Generating Co. may be oversubscribed. If so, the company has approval to raise an additional $130+ M. The sale began September 15 and final results will be published on Oct. 30. The bonds are to be listed on the Nairobi Stock [...]
Clean energy funding awards pass $1 billion mark
In Washington, with the announcement of an additional $550 million in awards, the American Recovery and Reinvestment Act’s 1603 program now totals o more than $1 billion in monies awarded to date to companies committed to investing in domestic renewable energy production. The program provides cash assistance to energy producers in place of tax credits, [...]
Penn transit upgrade funds include geothermal
In Pennsylvania, the state’s Red Rose Transit Authority will also get Economic Recovery Act funding to reduce energy consumption and greenhouse gas emissions. In the $2.45 million award is money for geothermal for heating and air conditioning. Follow the link for the complete list of awards and recipients for transportation. The majority of the $100 [...]
$144 Million smart grid funding announced
In Washington, DC at GridWeek 2009 Conference, Energy Secretary Steven Chu announced more than $144 million in funding from the American Recovery and Reinvestment Act for the electric power sector, including $44 million in awards to state public utility commissions and $100 million in available funding for smart grid workforce training programs. In his address, [...]
New drilling started at Neal Hot Springs
In Oregon, U.S. Geothermal has started development drilling at the Neal Hot Springs Geothermal Project. Well NHS-5, the first well in this new program, is currently drilled to 300 ft and ultimately expected to reach about 2,800 ft. At that depth, the well is expected to tap a large aperture fracture containing geothermal fluid. Two [...]
New details on Greenearth Energy project
In Australia, Greenearth Energy has offered the first details on its proposed Geelong Geothermal Power Project in Victoria, which the company hopes will improve their chances of getting government funding for the project. Greenearth’s demonstration plant will use a deep, hot sedimentary aquifer in the Geelong area that holds 180 degrees C water. The plan [...]
