Archive for October, 2009
Raser, partners extend funding agreement
In Utah, Raser Technologies, Inc. signed an additional extension agreement until November 2, 2009, with its financing partners for the Thermo No. 1 plant. The extension will allow the parties time to finalize amendments to the Thermo Financing Agreements. The previous deadline was October 16 and the amendment is intended to be consistent with recent [...]
Geothermal use earns campus an A
In Oregon, the Oregon Institute of technology got high marks from the College Sustainability Report Card, including an A grade in the Climate Change & Energy category for its use of geothermal energy. As part of a pedge to be climate neutral by 2017, the campus is already heated entirely by geothermal energy, and a [...]
Panax will have to wait on rig until December
In Australia, the Salamander 1 well belonging to Panax Geothermal will have to wait until mid December to start drilling. Drilling rig owner Weatherford Drilling Int. told the company that it is still running into tough drilling conditions at its current site and that the rig will not likely be released from that drilling site [...]
Oil field geothermal plant bought by DOE
In Wyoming, the U.S. Department of Energy has purchased a geothermal plant at an old oil field north of Casper for an undisclosed amount. The plant was built by Ormat Technologies at the Teapot Dome field to prove the feasibility of using hot water from oil production to generate electricity. The DOE intends to continue [...]
Yonkers, NY gets fed grant for geothermal wells
In New York, a $4 million federal grant will allow the Municipal Housing Authority of Yonkers to install a geothermal heating and cooling system in a 136-unit building. The grant comes from the federal Department of Housing and Urban Development, which got the money from the stimulus act. The only other operating geothermal residential system [...]
This week in Geothermal Opinion: “US headed for massive decline in carbon emissions.”
The Grist: “For many years, U.S. geothermal energy was confined largely to the huge Geysers project north of San Francisco, with 850 megawatts of generating capacity. Now the United States, with 132 geothermal power plants under development, is experiencing a geothermal renaissance.” Part of the U.K.’s Guardian Environment Network, the wide-ranging article from the Grist [...]
Aussie projects await drilling rig availability
In Australia, Geothermal Digest has reported on developments from both Greenearth Energy and and Panax. However, a report from theaustralian.news.com says that both are on hold because the only suitable drilling rig in the country is tied up at Petratherm’s Parlana hot-rock project. And that project is several months behind schedule. The item adds that [...]
Caribean power plant still in the works
In the West Indies, drilling will restart in November on the island of Nevis for a 10 MW power plant. Credit difficulties put the work on hold, but Kerry McDonlad, CEO of West Indies Power Ltd. said that while everything seemed inactive, a lot of ground work had continued. He also said that power will [...]
Nevada Geothermal to dedicate first plant, issues options
In Nevada, on October 22, Nevada Geothermal Power will host a dedication ceremony at the 49.5 MW Blue Mountain `Faulkner 1` plant. The ceremony will celebrate the achievement of turning on the power of their first geothermal project and will launch NGP into a geothermal power producer. The company also said that incentive stock options [...]
Green Rocks gets three new exploration permits
In Australia, Green Rock Energy said it has been granted three new geothermal exploration permits within the Collie Basin jointly with BHP Billiton Worsley Alumina. The permits cover three blocks within the Collie Basin, for which Green Rock will be the operator. The companies intend to prove the technical and commercial viability of the permits. [...]
