All Entries in the "Featured" Category
Worldwide Flavor: India, Ireland take first steps; Philippine company charging ahead; and Switzerland not giving in
We’ve spent many a byte on projects around the world, and most of the players a re well known. In recent weeks we’ve added more from New Zealand, Australia, Indonesia and the Philippines. But this week, two items came to our attention from India, Ireland and Switzerland. And we had to add the latest from [...]
Financials on the upswing: NGP takes first revenues and Calpine in the black, while Ormat raises eyebrows
The financial picture being painted by earnings reports looks generally good as those reports for the quarter ended December 31, 2009 filter in. Nevada Geothermal Power Inc. brought in its first revenues from its Faulkner I power plant and Calpine Corp. brought in $149 million of net income for the fiscal year. However, despite [...]
Introducing Americas Geothermal: G4G acquisitions lead to name change
In Canada, G4G Resources Ltd., which to now described itself as a company with projects in iron ore, iron production and alternative fuels, says that it will change its name to “more effectively reflect the nature of the business with which it is involved”. Subject to TSX Venture Exchange and shareholder approval – and [...]
Ormat North and South: Purchases Nevada property, backs relief on Alaskan interests
In Nevada, Ormat Technologies continued to expand its GT holdings with the announcement that it would acquire HSS II, LLC through a subsidiary – which the company says will be eligible for stimulus money – while simultaneously backing two bills being considered by the state government of Alaska that would benefit development on at least [...]
EGS without the Shakes or Clogs: GTherm’s single well GT system to be tested by EPRI
In California, the Electric Power Research Institute (EPRI) is about to kick off a series of tests on single well engineered geothermal systems, or SWEGS, developed by GTherm. If it works as advertised, SWEGS will be able to capture deep hole heat without fracturing – and the associated seismicity, without using local water supplies, without [...]
Recovery Act funding recipient profile IV: MIT using $2 million in grants to advance EGS
In Massachusetts, three separate research projects are aimed advancing enhanced geothermal systems – and two have been in play since 2008. With the addition of a $549,148 grant to civil and environmental engineering professor Herbert Einstein from the most recent round of funding in late summer, MIT researchers now have over $2 with which to [...]
The greening of New Mexico: Governor’s orders include full-scale geothermal development
In New Mexico, Gov. Bill Richardson has signed an executive order that strengthens state efforts to promote a green economy in New Mexico. Executive Order 2004-19 declares New Mexico the “Clean Energy State,” and created a Clean Energy Development Council (CEDC) and directs six cabinet offices to support and participate, overseeing planning and development [...]
DOE steps up on induced seismicity: New EGS safeguards in the works
In Washington, D.C., the Department of Energy will impose new safeguards on geothermal energy projects that include deep rock fracturing in order to mitigate earthquake risk, according to a recent report in the New York Times. The Times based the item on documents provided to it by the DOE.
Ground-motion sensors and other data will [...]
Sierra Geothermal in the balance: Canadian company braces for board battle
In Canada, Sierra Geothermal Power faces its second board shake-up attempt in less than a year. In July, a group of dissidents led by Richard Rule, President of Resource Capital Investments Corp. and General Partner to Exploration Capital Partners 2005 LP, requisitioned a special shareholders’ meeting to remove the board and replace it with [...]
A New Power Source from the Earth: Turning geopressure into electricity
We ran a story earlier out of Texas about Free Green Energy, LLC, where they announced the engagement of San Antonio based Sologen Systems, Inc. as the project manager for a geopressure electrical generating project, and we simply had to find out more. The company is built on the concept of harnessing the kinetic [...]
