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Geothermal Energy News
- Heat is Power. Let's Stop Throwing it Away!
High gasoline prices have forced us to make painful adjustments, which may, unfortunately, be just the beginning. The world's dramatically growing energy demands are affecting all energy prices. Coal, Uranium and natural gas prices have all risen dramatically in the past few years and will continue to grow in the future as more and more of the world's population adopts our energy-wasting lifestyle. We are straining the limited resources of our planet.
- Merrill Lynch To Finance Raser's 10 MW Geothermal Plant
Raser Technologies, Inc. announced that it has signed a commitment letter with Merrill Lynch for the project financing and tax equity funding for its planned 10 megawatt (MW) Lightning Dock geothermal power plant in New Mexico.
- Gore: U.S. Can Get 100 Percent Renewable Energy in 10 Years
In an effort to get American citizens and policymakers to think more aggressively about combating climate change, former Vice President Al Gore challenged the U.S. to procure 100 percent of its electricity from renewable resources within 10 years.
- U.S. Geothermal Announces Completion of First Well at Neal Hot Springs
U.S. Geothermal Inc. announced that the first full size production well (NHS-1) at the Neal Hot Springs Project was successfully completed on May 23 and an initial flow test confirms the presence of a geothermal reservoir.
- Market Outlook: Renewables Make Good Financial Sense
Renewables are of particular importance in Iceland. The country has no fossil fuel resources and today 72% of its primary energy consumption comes from renewable sources, as compared to the global average of 13%. The National Bank of Iceland, Landsbanki, has helped foster this industry by providing specialized financial support for renewable energy.
- America's Best Places for Alternative Energy
- Swiss Adopt Aggressive Feed Law for Renewable Energy
In a surprising move, Switzerland has adopted one of the world's most aggressive systems of Advanced Renewable Tariffs.
- GE Unit Passes US $4 Billion in Investment
With a goal of investing US $6 billion in renewable energy by 2010, GE Energy Financial Services surpassed the US $4 billion mark this week by investing in New York State's three newest wind farms. GE will invest a total of US $100 million in the three wind farms, on which construction began last month.
- Raser Geothermal Unit To Feed Power to Anaheim by October
Raser Technologies has recently flow tested one of three production wells at its US $33 million, 10-megawatt (MW) Beaver County, Utah geothermal project and now expects to deliver electricity to the city of Anaheim, CA in October, two months earlier than the contract target, says Brent Cook, CEO of the Provo, UT-based developer.
- Cleantech Venture Investment Hits Record US $2 Billion in Q2
The Cleantech Group has announced that cleantech venture investments during Q2 2008 in North America, Europe, China and India totaled US $2 billion across 96 companies, making it an all-time record quarter. The previous record quarter was Q3 2007, which saw US $1.8 billion in cleantech venture investments.
- Saco Honored as "Greenest City in Maine"
The City of Saco, Maine has been chosen as an Environmental Hero and designated as the Venue for the first annual Maine Going Green Energy, Building & Living Expo.
- Canada's Clean Energy Classrooms
The British Columbia (BC) Sustainable Energy Association has rolled out a project called Clean Energy Classrooms. The project features a two-part directory to all of Canada's currently available training and education options in renewable energy. It is run by Renewable Recruits, a green energy promotions and recruiting firm.
- Geothermal Project To Provide Jobs for Nevisians
"Once we got together and we did the geochemistry, the geophysics and the geology, we concluded that Nevis is the place to be today, tomorrow and over the next thousand years." Those were the words of General Manager of West Indies Power Nevis Limited (WIP) Rawlinson Isaac, during a site visit by top Nevis Island Administration (NIA) officials on June 10, 2008, on the heels of the recent discovery of a geothermal reservoir at Spring Hill.