Raser Technologies (RZ) Hummer hybrid is currently being featured on CNBC. Stock running a bit. I think the real story with this company is its geothermal potential. I’m long RZ at 4.21… Read the rest
Tag Archives: raser technologies
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
Utah Signs Renewable Energy Bills At Raser’s (RZ) Hatch Plant
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
Raser Technologies (RZ) Obtains $7 Million Refund From UTC
Raser Technologies just announced that it has restructured a purchase agreement with United Technologies Corp., resulting in a $7 million refund from UTC to Raser. The $7 million came from a deposit made for an order of United Technologies’ PureCycle(R) power systems. Under the new purchase agreement, Raser will continue to buy PureCycle Units from UTC, and UTC has agreed to keep at least 50 on hand at all times to make sure they are … Read the rest
Raser’s (RZ) Hatch Plant Begins Delivering Geothermal Power to Anaheim
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
Raser Technologies (RZ) Signs Geothermal Lease Agreement With Copper King Mining
Raser Technologies just announced that it has signed a geothermal lease agreement with Copper King Mining. The lease includes a total of 75,000 acres scattered in various locations across Utah. Most of the acreage is located near Razer’s No 1 geothermal project in Beaver County, Utah.
Richard Clayton, Raser’s Executive Vice President, commented on the lease:
"With this lease, Raser continues to expand its holdings in this geothermally active part of the State. We are … Read the rest
Raser Technologies (RZ) Geothermal Energy Video
There’s a good video over at Fortune taking a look at the technology behind Raser Technologies (RZ) geothermal system in Utah which is expected to ship power to Anaheim, CA soon. The plant is expected to serve 11000 customers and took just 6 months to build. … Read the rest
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
Raser Technologies (RZ) Adds 37K Acres to Oregon Geothermal Holdings
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
Raser Technologies (RZ) Expands Geothermal Land Resources
Raser Technologies (RZ) is busy finding land to lease where it can tap into the power of geothermal. The company recently announced that it acquired 17 new lease parcels covering more than 50K acres in Utah as part of the Bureau of Land Management geothermal auction. The land deal increases Raser’s holdings to over 300K acres in 5 states where the company has rights to geothermal resources and some surface rights for construction related to … Read the rest