Archive for April, 2010
Oregon opens first combined heat and power plant
In Oregon, the Klamath Falls campus of the Oregon Institute of Technology dedicated its new geothermal electric project in a ceremony on the OIT campus. The small power plant is the first geothermal combined heat and power plant in Oregon, and the only geothermal electric plant currently operating in the state. The low-temperature turbine plant [...]
GeoSmart acquires rig customized for ground source drilling
In Canada, GeoSmart Energy has acquired a drill specifically designed for ground source geothermal applications. The drill features high efficiency hydraulics and dual rotary capability. The compact DeltaBase 95GT drill rig is a first for manufacturer Boart Longyear. The hydraulics boost rig performance and deliver more power to the rotary head, while the rig’s compact [...]
Covering the Globe: Mitsubishi, Reykjavik Energy going global with GT development
In Japan and Iceland, Mitsubishi Heavy Industries (MHI) and Reykjavik Energy (Orkuveita Reykjavikur: OR) announced an agreement between the companies to jointly develop geothermal energy projects worldwide, particularly in Africa, Latin America and Asia. A memorandum of understanding was signed in Tokyo by Guolaugur Sverrisson, Chairman and Hjorleifur B. Kvaran, CEO of OR and Ichiro [...]
Ormat gets analyst pat on the back
In Nevada, Ormat held an analysts day that had at least one group returning to the fold. Analysts at Jefferies & Co. reported renewed confidence in the geothermal developer, establishing a price target of $33 and a hold rating, which means the firm expects Ormat’s shares to provide a total return of +15% to -10% [...]
Opinion: How green is my IPO? A gold rush in green technology
At businessweek.com, Mark Scott and Alex Morales expect the next wave of IPOs will come from clean energy companies, some of it subsidized. They write, “Some of the fuel is coming from national governments around the world, which have earmarked billions to fund renewable energy installations and projects such as modernizing the electricity network. Climate [...]
Counties lobbying for another change to GT revenue share
In Nevada, Humboldt County is joining with the National Association of Counties (NACo) in lobbying Congress to more evenly distribute the economic benefit of geothermal leases on public lands. Under the plan, if adopted by Congress, federal, state and local governments would each receive one-third of geothermal lease revenue. The revenue share would extend to [...]
Production well drilling starts on Orita I and San Jacinto projects
In California, a six well drilling program has started by Ram Power, Corp. subsidiary Ram Power, Inc. for the Orita I geothermal project which is underway in Imperial County. The program will define and test the resource zones that will supply steam to the planned 49.9 MW Orita I power plant. Nabors Drilling USA has [...]
High school’s new ground source system will use 55 degree ground water
In Washington, Mount Si High in the Snoqualmie Valley School District is getting a ground source new heating and cooling system. The twist is that the ground source will be the large Snoqualmie aquifer whose water is a constant 55 degrees. The system will use two wells dug behind the school, 610 and 540 feet [...]
U.S. Geothermal takes Guatemala steam concession
In Idaho, a subsidiary of U.S. Geothermal Inc., U.S. Geothermal Guatemala S.A., has been awarded a geothermal energy rights concession in Guatemala. The concession area is 14 miles southwest of the country’s capital, Guatemala City, which is the largest city in Central America and the Caribbean. The concession contains 38.6 square miles of energy [...]
Vulcan seeks permits to build Patua plant
In Nevada, Vulcan Power Co. has filed for permission to build a geothermal power plant 10 miles east of Fernley at Patua. The area has been studied as a potential geothermal site for more than 40 years. The application seeks permits to build a plant with six turbine generators capable of producing 60 megawatts of [...]
