Raser Technologies (RZ) has agreed to a long term lease agreement with private land owners covering 37K acres of geothermal resources in Southeastern Oregon.  Financials of the deal were not disclosed but it includes the rights to build geothermal power plants.

“Working with the University of Utah’s Energy and Geoscience Institute, Raser has determined this area is one of the more significantly promising geothermal systems,” stated Brent M. Cook, CEO of Raser. “We believe … Read the rest