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 Inc. is preparing to send geothermal power to the city of Anaheim as early as next week. The power will come from Raser’s Thermo plant in Utah. The plant has already been supplying some power, approximately 3.5 MW, to the city of Anaheim, and next week the company will begin to increase the amount of power that it sends.
Steven Brown, Raser’s executive VP, commented on the news:
… Read the rest“We are very pleased with
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
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) 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) 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
In an article a few days ago, US Today highlighted 3 innovative renewable energy companies that may be big players in the future. One is publicly traded geothermal upstart Raser Technologies (RZ) which is able to get plants up and running quickly while tapping into cooler sources of water for energy. It recently completed its first commercial scale geothermal plant, a 10MW geothermal plant in Utah in just 6 months and plans to begin … Read the rest
Raser Technologies, Inc announced that is has secured funding for a geothermal power project to be installed near Beaver, Utah. Once complete, the geothermal plant will use PureCycle® geothermal power systems to produce 10 MW of electrical power, enough to supply electricity to 9,000 homes. Since the plant is geothermal, the power produced will be emissions-free.
The terms of the funding agreement are as follows:
"The funding arrangement provides non-recourse debt financing and tax equity … Read the rest