All Entries in the "Featured" Category
Next up: Alaska comes in out of the cold while Colorado looks to get up to speed
Less than a week has passed since GD noted that it had been 50 years since the first commercial geothermal power plant in the U.S. had been built. This week we highlight why it seems that 50 years is simply not enough and that public officials remain in the dark about potential geothermal power resources.
In [...]
Happy Birthday(s): Utility-scale GT turns 50, the Digest turns one
Fifty years ago in California, construction began on the country’s first utility-scale geothermal power plant at The Geysers. And this marks Geothermal Digest’s 52nd issue, which makes us one year old.
While we noted a 50th anniversary celebration back in May, a number of stories about the anniversary are beginning to appear elsewhere in the [...]
Stepping Up to the Plate: DOE adds $15 million to promote GT heat recovery techniques
In Washington, DC, the U.S. Department of Energy’s Geothermal Technologies Program announced another funding opportunity – this one at $15 million, to research and develop innovative methods to extract heat from geothermal resources from the Earth’s crust to produce clean, renewable energy.
DOE’s objective through this funding is to promote the advancement and commercialization in [...]
The Color of Green Power: Second quarter has Ram, Raser, Ormat all in the red
In Nevada, and Utah, second quarter reports from Ram Power, Corp., Raser Technologies, Inc. and Ormat Technologies, Inc. do not paint a pretty picture for the industry. No one expected Raser to turn a profit and Ram has been on a costly acquisition spree, but Ormat is a surprise.
For the period ending June 30, 2010, [...]
To Wait or not to Wait: Politics and policy driving Philippines development
In the Philippines, another 100 mw of electricity generated from geothermal resources is on hold. The parties in the deal, which includes APC Group and an un-named foreign entity, have postponed the deal until a new administration under President Benigno Aquino has settled in.
On the other end of the spectrum, the International Finance Corp. (IFC) [...]
Hot Deal Gone Cold: Government probe stalls HS Orka sale to Magma
In Iceland, the government has opened an investigation into the legality of the planned sale of a stake in HS Orka, a local geothermal company, to Magma Energy Corp. of Canada. For its part, Magma has said that the transactions made during its acquisition of HS Orka are permitted by the provisions of the Act [...]
The View Down Under: Significant GT resources found in Victoria, but the country struggles to move forward
In Australia, reports have the southern state of Victoria hold significant new stores of geothermal energy reserves. This is great news for an area that boasts a quarter of the country’s total population. It also makes sense geologically in an area once and still known for prosperous gold mines.
But while it continues to find resources, [...]
Plant Reboot: Raser looking to finance larger Thermo 1 turbines
In Utah, Raser Technologies, Inc. said it has entered into an agreement with the senior secured lender that provided the debt financing for the Thermo No. 1 geothermal power plant to repay a substantial portion of the debt.
Ok, so another announcement of another re-finance of the Thermo No. 1 plant is not new – we’ve [...]
Politics and Industry: India taking more baby steps to GT power production
In India, the country’s vice president, Hamid Ansari, said that they have the potential to produce about 10,000 MW of geothermal power but effectively has not given the technology enough attention.
Ansari made the comments while addressing Scientists, Academicians and Scholars in a 3-day International Conference called “Geothermal and other Energy Resources of Ladakh; Technological [...]
Grail of grails: Taking deep geothermal to the furthest reaches
In Massachusetts, of all places, a plan is being hatched that would bring deep geothermal development to an area that lacks obvious near-surface development potential: New England.
The company is Atlantic Geothermal, and the plan may be as new to you as it is to us. CLEM, or Closed Loop Energy Mining. Its aim is obvious; [...]
