Category Archives: Geothermal Energy

Ormat Technologies (ORA) Cuts 2012/2013 Rev Forecast Due To Falling Nat Gas Prices

Ormat Technologies (ORA) is falling more than 7% in heavy volume this morning after it cut its revenue forecasts for 2012 and 2013 due to changes in power purchase agreements for its Heber, Ormesa and Mammoth geothermal plants in California.  The company initially thought that the new pricing would have a smaller impact on revenues resulting in a reduction of $9.5 and $6.5 million over the next two years. However, as a result of falling … Read the rest

Ormat Technologies (ORA) Lands $65 Million EPC Geothermal Contract

Ormat Technologies (ORA) announced today that it landed a $65 million EPC contract with Cyrq Energy for a geothermal project in New Mexico.  The contract work is scheduled to be released in stages based on progress and development of the well.  In addition Ormat will provide financing for the project not to exceed $66 million.  The project is expected to come online within two years.

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US Geothermal (HTM) Announces Successful New Well

US Geothermal just announced the successful completion and test of the new large-diameter NHS-2 well at Neal Hot Springs. The new well, which flowed at a rate of 3,027 gallons per minute under artesian pressure, has a production temperature of 287 degrees and is the fourth and final production well needed for the 23 net MW project.

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In a press release, Daniel Kunz, President and … Read the rest

Ormat (ORA) & Nevada Geothermal (NGLPF) To Partner On Crump Geyser Project In Oregon

I forgot to get this out yesterday, but it was announced that Nevada Geothermal Power (OTCBB: NGLPF) and Ormat Nevada Inc., a wholly-owned subsidiary of Ormat Technologies (ORA) signed an agreement letter to jointly develop and own under a LLC company one or more geothermal power plants at the Crump Geyser Project in Lake Country, Oregon.  The 50/50 joint venture plans to begin construction and drill at least one development well for the first power … Read the rest

Raser Technologies (RZ) Headed Back To Minor Leagues

Raser Technologies (RZ) is headed to the minor leagues after trading below a buck for far too long.  The company tried to submit a business plan to the NYSE to try to buy more time, but the NYSE said not a chance and will suspend trading in RZ after November 2nd.  That means it will will trade over the counter beginning November 3rd and it will likely be a long time before they ever see … Read the rest

Most Important Alternative Energy Companies (FSLR, SMLNF, GE, ABB, SQM, CZZ, GPRE, ABAT, ITRI, CREE, ORA, OPTT)

24/7 Wall St published their list of the 25 most important alternative energy companies a few days ago and broke it down by category.  I thought I’d highlight the companies they consider to be the most important in each category (which I agree with) and add in some of my own thoughts.  There is one glaring omission in 24/7 Wall St’s report and that is geothermal.  Geothermal remains the red headed step child of the … Read the rest

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

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 … Read the rest

US Geothermal (HTM) Drills Most Promising Well At Neal Springs

US Geothermal (HTM) is announcing this morning that it has successfully drilled and tested a third production well at the Neal Hot Springs geothermal project Oregon. At a production temperature of 287.5 degrees and pressure at 2770 gallons per minute it is the most promising of the wells drilled so far (this is the 3rd).

====> Click Here For Your FREE Daily US Geothermal Technical Analysis

“Well NHS-8 has the highest temperature and artesian flow … Read the rest

Raser Technologies (RZ) Gets A Boost With $15 Million In Financing

It’s been a mighty rough go for Raser Technologies (RZ) in recent months and if the stock price is any indication, many traders feel the company may not survive.  Well, the company is finally getting some positive news which could lead to a recovery in the short term.

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It was announced this morning that a collaboration of FE Energy Group and Evergreen Clean Energy … Read the rest

US Geothermal (HTM) Provides Operation Updates

US Geothermal (HTM) has provided updates on its geothermal operations in several locations. 

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Neal Springs

– an injection well has been drilled to 2465 feet and successfully tested
– a 2nd well at 1950 is expected to be completed within a week or two
– a production well at 2350 feet expected to reach production within a couple weeks
– equipment procurement and pipeline fabrication … Read the rest