Raser Technologies (RZ) has always been a company looking for a good press release or PR opportunity. From the ceremonial ribbon cutting announcements at its Utah plant to the Hybrid Hummer, the press releases continue to flow. But is the hype justified at least in terms of its geothermal operations? Maybe not.
According to an article in the Salt Lake Tribune, the company is buying almost as much power (4MW) to keep the lights … Read the rest
Raser Technologies (RZ) reported earnings this morning a bit better than expectations with a loss of .10/share vs expectations of a .12/loss. The financial results this quarter aren’t all that important in my opinion since the company won’t begin booking revenues for its Hatch plant until next quarter. Here are some comments from the CEO..
“We are now delivering clean, renewable power from our Hatch geothermal power plant to the City of Anaheim as part … Read the rest
When you think of renewable energy leadership at the state level, you typically think of California but Utah is making some announcements this morning indicating they want to join the party.
At Raser Technologies (RZ) Hatch geothermal plant in Thermo, Utah governor Jon Huntsman signed two renewable energy bills that will aim to upgrade the electrical grid and provide tax incentives to green projects.
Senate Bill 76 establishes a Renewable Energy Transmission Authority which will … Read the rest
The geothermal Hatch plant (previously named the Thermo plant), named after Utah Senator Orrin Hatch has begun delivering geothermal power to Anaheim. Raser Technologies (RZ) leases the large geothermal resource in Beaver County, UT which is expected to deliver 10 – 11MW of geothermal power, enough to light up 9000 homes in Anaheim. The city of Anaheim has signed a 20 year power purchase agreement to receive clean electricity from the Hatch plant. Independent … Read the rest