Ormat (ORA) To Build Raser Technologies (RZ) Lightning Dock Geothermal Project

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08:24:18 am on October 20, 2010

Raser Technologies (RZ) technologies has announced this morning that Ormat (ORA) will provide engineering, procurement and construction services for its Lightning Dock geothermal project in New Mexico.  Ormat will also provide the equipment which includes two larget Ormat binary generators and all above ground equipment.

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“We are excited to work with a veteran in the geothermal business,” said Project Manager Mike Hayter. “Ormat is a known leader in manufacturing binary-cycle geothermal equipment and we recognize the benefits Ormat would bring to the Lightning Dock project. We are also pleased to announce that, in conjunction with Evergreen and FE Clean Energy, we found a solution that will provide the financing needed for this project.”

Is this just the first step towards Ormat purchasing Raser at a rock bottom price?  Maybe.  Shares of RZ aren’t moving on the news in pre-market.  In my opinion, shares of RZ may be a nice lotto ticket play down here. 

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Comments  

Lottery PICK is the key word…….of course with the Razor electric car transmission groups, U getting more for your Lottery Pick than Geothermals

 
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