All Entries in the "Project News" Category
Gradient moves HQ to Reno
In Nevada, Gradient Resources, formerly Vulcan Power Company, unveiled a new name and logo at the inauguration of its new corporate headquarters in Reno. Nevada Senator Harry Reid was on hand to thank management for bringing green jobs to the state. The company was founded in Bend, Oregon where its headquarters were based since its [...]
Financing, construction agreements puts U.S. Geothermal to work on plant
In Nevada, USG Nevada LLC, a subsidiary of U.S. Geothermal Inc., has entered into agreements with Science Applications International Corp. for a project loan and an engineering, procurement and construction contract for a geothermal power plant for Phase 1 of the San Emidio project in northwestern part of the state. SAIC’s design-build subsidiary, The Benham [...]
Mustang buys three Nevada leases
In Nevada, Mustang Geothermal Corp. (formerly Urex Energy Corp. has completed the purchase of three geothermal leases in the state from Minera Inc. and Minera Cerro El Diablo of Reno, Nevada and Dakota Resource Holdings LLC of Spearfish, South Dakota. The agreements will have Mustang paying a total of 14 million shares of the company’s [...]
Ormat project turning recovered energy into electricity
In Nevada, Ormat Technologies, Inc. says that a new recovered energy generation (REG) power plant is in commercial operation in Martin County, MN. The project is a 5.5 MW power plant that converts the waste heat from the exhaust of a gas turbine in a compressor station along a natural gas pipeline. The electricity produced [...]
Phase 1 San Emidio construction approved
In Neveda, the Washoe County Planning Commission has issued a Special Use Permit to U.S. Geothermal Inc. for construction of its proposed 8.6 MW Phase 1 power plant at the San Emidio Project in northern Nevada. The Permit, which was unanimously approved, allows for the replacement and relocation of the existing power plant, and is [...]
Raser makes payment on Thermo I restructure
In Utah, Raser Technologies has managed to restructure the debt owed on the underperforming Thermo No. 1 geothermal power plant and has made a $27 million payment to get it moving. The payment came out of the project’s escrow accounts and the company waived compliance with certain debt-related covenants and obligations for the next year. [...]
Resort looking into electricity production from its well
In Nevada, now that the Peppermill Resort Casino has its geothermal heating well online, the company now wants to generate up to a third of the resort’s power needs with the resource. Resort officials were initially surprised when a shallow existing well managed to provide about 30% percent of its heating needs. A 4,400 feet [...]
Miners look to benefit twice from geothermal rights leases
In Canada, Rye Patch Gold Corp. says it has leased the geothermal rights on its 100% owned Wilco gold project to Wilco Energy LLC, a non-related company. Rye Patch controls geothermal rights on a portion of the Wilco property adjacent to the Colado gold/silver resource area located in sections 25 and 35 along the western [...]
Qualibou signs to deliver power to St. Lucia utility
In Nevada, Qualibou Energy, Inc. said it will deliver all electricity from phase one of its geothermal power project to St Lucia Electricity Services Ltd. LUCELEC, as it known, is the sole electric utility of St Lucia. The island has a peak electricity demand of 56 MW and LUCELEC currently generates all of the consumed [...]
Ormat names debt provider funding of three projects
In Nevada, Ormat Technologies, Inc. announced that its subsidiary, Ormat Nevada Inc. has mandated John Hancock Life Insurance Company to arrange senior secured construction and term loan facilities under DOE loan Guarantee application of up to $350 million for three geothermal projects currently under construction in Nevada. The three projects are all in Nevada and [...]
