With the Obama administration just weeks away from move in day, there are quite a few articles out there being written about ways to play the coming infrastructure and green energy boom. Much has been made of Obama’s plan to decrease our dependence on foreign oil and to a lesser degree, plans to spend big on infrastructure. Certainly infrastructure and green energy will be two big themes over the next 4 years and possibly beyond, … Read the rest
Tag Archives: ora
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