Recent Articles
Land Conservancy walks the talk with new ground source system
In New Jersey, the state’s Land Conservancy has installed a new geothermal heating and cooling system in its WildAcres Preserve headquarters in Montville Township. A grant from the F.M. Kirby Foundation paid for the system, which the Conservancy says will reduce their energy bills by 50%. The system uses a 580-foot water well, which took [...]
Magma aiming at $40 million for more HS Orka
In Canada, Magma Energy Corp. has entered into an underwriting agreement and filed an amended and restated preliminary prospectus with the securities regulatory authorities with respect to the issuance of 35,714,286 common shares at a price of $1.12 per share, for gross proceeds of $40,000,000. Closing is scheduled to take place on July 27, 2010. [...]
Calpine, Ormat webcasts will feature 2nd quarter results
In Texas and Nevada, Calpine Corp. and Ormat Technologies said they would be announcing second quarter results on or near the end of July. Calpine management will present their results during an investor call scheduled for 10 a.m. ET/9 a.m. CT on July 30, while a listen-only webcast of the call may be accessed through [...]
Test drilling begun by Naknek co-op
In Alaska, exploratory drilling is under way in King Salmon to determine the potential for geothermal energy. Energy co-op Naknek Electric Association is conducting the test drilling, which took more than 10 years and $20 million to come together. If successful, the association could provide affordable renewable energy to communities and villages across Bristol Bay. [...]
GEA utilities workshop underway this week
In Nevada, the GEA will hold a one-day “Geothermal Energy and Utilities, Co-ops and Public Power Workshop” in Las Vegas on Thursday, July 22nd at Bally’s. The program s will address issues related to geothermal examined from a utility perspective. Participants will hear the most recent updates available on the U.S. geothermal market, accompanied by [...]
Salamon Group wants Casing Pal rights
In Nevada, Salamon Group Inc. said it is negotiating to acquire the world wide exclusive marketing and distribution rights for the Casing Pal, which is a patented drilling tool for reaming and opening a well hole below the casing pipe. What interests Salamon is the low cost geothermal application. The tool uses cutters that can [...]
TAS to supply plants for Neal Hot Springs project
In Texas, TAS Energy Inc. said that it had been chosen by U.S. Geothermal to supply high efficiency, modular, clean energy power plant technology for its Neal Hot Springs geothermal power plant in Eastern Oregon. The company’s power plant offers high efficiency Organic Rankine cycle plant delivered using TAS modular design practices. The TAS plant [...]
Geodynamics re-opens Jolokia 1 well
In Australia, Geodynamics Ltd has begun operations at Jolokia 1 to complete the well. The plug sealing the well bore has been removed and well checking is in progress. Geodynamics is the operator of the Innamincka ‘Deeps’ Joint Venture in the Cooper Basin, in partnership with Origin Energy. The JV is getting set to run [...]
Aussie, Turkish companies agree to build in Indonesia
In Australia, Greenearth Energy said that PT. Geo Power Indonesia has signed a non binding Memorandum of Understanding with the Cengiz Holding of Turkey to develop a site on the Indonesian island of Java for the production of geothermal power. Greenearth Energy’s 100% wholly owned subsidiary Greenearth Power Pty Ltd has a 40% interest in [...]
Kenya gets big World Bank energy credit line
In Kenya, the Kenya Electricity Expansion Project has received $320 million from the World Bank to continue the development of it energy resources. The bulk of the credit line – $120 million – will go to bulking up the geothermal power stations at Olkaria, while the remainder will be used to enhance connectivity and refurbish [...]
