According to the Salt Lake Tribune, Raser has run into a roadblock at its Hatch Geothermal Plant. Initially, the company believed that new technology would allow it to harvest power from wells with water temperature of 180 degrees Celsius or higher. However, even though the water in Raser’s wells is hotter than that, it’s still not hot enough to generate power efficiently, and the company has been using almost as much electricity to keep … Read the rest
Tag Archives: Geothermal Energy
Raser (RZ) Extends Agreement With Financing Partners of Thermo No. 1 Plant
Raser just announced that it has extended the agreement with its Thermo No. 1 financing partners to extend the final deadline for the completion of the plant from September 15 to October 1st. In addition to this extension agreement, other amendments are expected over the next couple of weeks to accommodate tax law changes in the American Recovery and Reinvestment Act of 2009.
In a press release, Richard Clayton, Raser’s Principal Executive Officer, commented on … Read the rest
Is Geothermal Drilling Causing Earthquakes?
Geothermal power is emerging as a significant player in the alternative energy space, with operations cropping up around the world and high hopes for powering significant numbers of homes and businesses as an alternative to traditional electricity. But as with all prospects in alternative energy, geothermal power is not without its downside. Currently, a great deal of effort is being poured into determining just how damaging geothermal drilling is – or if it even exists. … Read the rest
Ormat (ORA) Opportunity: Indonesia’s Geothermal Boom
By Sam Hopkins of GreenChipStocks.com
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It’s a geological bonanza for clean energy investors, yet no one’s talking about it.
With its population spread out over more than 17,000 islands, many Indonesians live in cities, yet some are in areas so remote that electricity access is almost zero.
Indonesia is also the only OPEC member in Southeast Asia, but in recent years it’s actually become a net importer of … Read the rest
Geothermal Leader Ormat Technologies (ORA) Surges On Great Quarter
Ormat Technologies (ORA), the geothermal 800lb gorilla, reported great earnings results this morning beating EPS estimates by .07/share and 33% over the year ago quarter. Revenues surged 44% over the year ago quarter and beat estimates by $11 million at $99.9 million. This was a very impressive quarter. I’ve been wanting to get in on a pull back but it has yet to do so. The stock has now nearly doubled off the March low … Read the rest
Raser’s (RZ) New Low Temperature Geothermal Plant Online in Utah
Okay, so this isn’t quite as sexy as a 100 MPG hybrid hummer, but Raser just announced that its new Hatch Geothermal Power Plant is up and running in Utah. Normally, geothermal plants take years to start production, but Raser took only 5 months to power up this plant.
How did they do it? Basically, the plant uses an organic Rankine cycle (ORC), with parts modified from industrial air conditioners. Using off-the-shelf, mass produced components … Read the rest
US Geothermal (HTM): Insider Buying, Bullish Chart
I’ve been going through some green stock charts and came across US Geothermal (HTM), a speculative geothermal play with no profits yet but promising in the geothermal energy space considering the US is expected to double geothermal capacity within 5 years. On Oct 14th, the company won a DOE grant for its Raft River project in Idaho, which prompted the CEO, COO and CFO to buy shares in the company just a few days later. … Read the rest
Rodman & Renshaw: Raser Technologies (RZ) Compelling But Still Speculative
According to StreetInsider.com, Rodman & Renshaw is out this morning with an analyst note on Raser Technologies (RZ) and initiating coverage with a Market Perform/Speculative Risk rating. The highlights:
– company has compelling geothermal resources and relevant technology
– will benefit from renewable energy mandates
– unique modular deployment
– capital intensive nature of the business which needs financing may weigh on the stock in the current environment
– company still fine tuning its … Read the rest
Ormat (ORA) Secures Financing For Kenyan Geothermal Project
Ormat Technologies Inc. just announced that it has signed a financing agreement for the Olkaria III geothermal project in Naivasha, Kenya.The geothermal power plant produces 48 MW of power, approximately 6% of Kenya’s total energy output.
From GlobesOnline, here are the details of the financing agreement:
… Read the restThe first disbursement of approximately $90 million under the 10-year project finance loan is expected within the next two weeks. The lender group of European Development Finance Institutions (EDFIs)
Raser Technologies (RZ) To Run Ahead of Conferences?
Just a couple days ago Raser Technologies (RZ) announced they had secured 37K acres in Oregon for geothermal plants and the stock shot up on the news with volume. After a pull back yesterday, the stock may run up into its conference presentations over the next two weeks.
Here is the schedule:
— Southwest Securities Investor Conference on February 12 at the Hotel Crescent Court, Dallas. This conference is scheduling one-on-one meetings, and those interested … Read the rest