Category Archives: Geothermal Energy

Geothermal Picks

A recent article from TheStockAdvisors.com shows the contributing editors from Stephen Leeb’s The Complete Investor focus on three Geothermal energy picks:  Chevron (CVX), Calpine (CPN), and Ormat Technologies(ORA).

"Throughout the globe, heat is continually produced in a layer far below the earth’s crust. Large power plants can capture and use this steam to provide electricity on a fairly large scale. In Iceland, by some estimates, 50% of all energy needs are met through an alternative … Read the rest

Ormat Technologies (ORA) Secures New Zealand GeoThermal Contract

Last week, two subsidiaries of Ormat (ORA) secured a 20 year supply contract for a total of 42 million with Contact Energy, New Zealand’s largest geothermal power plant owner and operator as well as the country’s largest wholesaler and retailer of natural gas and liquid petroleum gas.

Said CEO Bronicki, "These contracts increase our geothermal products backlog by US$58 million for the second quarter and US$134 million since the beginning of the year, including … Read the rest