Raser (RZ) Updates Its Geothermal Strategy

Posted by Tate Dwinnell | # |
09:11:07 am on September 9, 2009

Raser just announced an updated geothermal strategy. At this point, assuming they can secure adequate funding, the company expects to add 40 megawatts of electricity from geothermal power per year over the next three years. By the end of 2012, they will have 130 megawatts.

Raser has also made some improvements to their plant design. Specifically, they will now use larger binary cycle generators in their plants,instead of using many smaller generators. The company expects this change to double the expected capacity per plant in new power plants from 10 MW to 20 MW.

In a press release, Richard Clayton, Raser’s Principal Executive Officer, commented on these changes:

“These changes should improve the overall economics of our power plants moving forward. Throughout Raser’s development planning, we had intended to utilize larger generating units as they became available. Our current supplier has made significant advances in making larger units available. We are also reviewing similar equipment from other manufacturers.”

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