“Raser Technologies converts low-temperature water into power. Can this clean energy pioneer strike it rich?
By Carolyn Whelan, Fotune Money and CNN contributor
“Off a lonely dirt road 30 miles west of Beaver, Utah, (pop: 6,162) on a brisk spring morning last year, wide grins crossed the faces of a handful of men in hardhats. They’d [...]
A new paper in Energy Policy finds geothermal energy is the most efficient renewable energy alternative and is improving the fastest. This source of energy, largely untapped, covers large swaths of the western United States. Citing a US Department of Energy Study, she states “The amount [...]
Company Recognized as Alternative Energy – Geothermal Plant of the Year for Key Technologies and Developments for Power Generation Plants
Provo, UT, May 14, 2009 –Raser Technologies, Inc., a leading energy technology company, announced today that its first geothermal power plant was recognized as the Alternative Energy – Geothermal “Power Plant of the Year” at the [...]
Radio station KUER 90.1 reports “New Federal Spending Could Boost Geothermal Energy”
“The riskiest part of geothermal energy development is proving that there’s enough hot water underground to run a power plant. That’s where researchers would like to see the new money made available from the federal government used as private industry scrambles to meet the [...]
From the Daily Herald, a local Utah Newspaper:
“A Provo company is showing the rest of America how to develop new sources of energy: Unleash private companies and let them uncover the wealth lying beneath our feet.
After the discovery of a huge geothermal field 155 miles southwest of Provo, Raser Technologies Inc. has taken only about [...]
By Paul Davidson, USA TODAY
President-elect Barack Obama has made renewable energy a centerpiece of his plan to resuscitate the U.S. economy and fight global warming.
Yet the credit crunch and nose-diving energy prices are prompting companies to scale back or cancel alternative-energy projects. In 2008, total spending on clean-energy projects is expected to fall 4% to [...]
PROVO, Utah (AP) — Within six months of discovering a massive geothermal field, a small Utah company had erected and fired up a power plant — just one example of the speed with which companies are capitalizing on state mandates for alternative energy. (read article in LA Times)Anticipation of new energy policies has sparked a [...]
From KSL Television, Salt Lake City, Utah, November 17th, 2008
“The move toward renewable sources of energy is more than just talk in Utah . . . and that is encouraging, as the state, nation and world transition to power generation that is more environmentally friendly.”
“The latest example is the recent completion of an innovative geothermal [...]
Governor Huntsman says the plan is a ‘positive move forward’WASHINGTON – The Interior Department plans to open more than 190 million federal acres – including 18 areas in Utah – for geothermal production in an attempt to boost domestic energy output. Interior Secretary Dirk Kempthorne said Wednesday the plans, in their [...]
New Mexico Governor Bill Richardson and Raser Technologies, Inc. announced in late August that construction has begun on the first commercial geothermal power plant in New Mexico. Located near Animas in the southwest corner of the state, the 10-megawatt (MW) Lightning Dock geothermal power plant will produce power using modular “PureCycle” power units from UTC [...]
The Great Forgotten Energy Source: GeothermalWith climate concerns, oil prices, and energy security now on everyone’s mind, the tide seems to be turning again in favor of geothermal energy in this country. The 2007 Energy Act authorized the DOE to spend $95 million for geothermal research (although Congress has appropriated only a fraction of that [...]
The comprehensive energy legislation, approved last month by Michigan House and Senate lawmakers, requires utilities and other electric suppliers to derive 10 percent of their electricity mix from renewable sources by 2015. The bills also gradually decrease electricity rates for business and industrial customers, offset by rate increases of up to 20 percent for residential [...]
Indonesia holds the world’s 2nd largest reserves of geothermal power with the world’s 4th largest population. Raser Technologies, Inc. was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 MW of geothermal power in West Java, Indonesia’s most populated island.
The 412 square kilometers [...]
The project will be one of the first geothermal plants in the nation to incorporate the new breed of low-temperature technology featured in Raser’s proprietary modular power plants. Each individual generation unit is manufactured off-site, delivered to the location, and rapidly installed to create, in essence, a geothermal farm with multiple 450 kW units. read [...]
Raser Technologies made the front page of the popular new inernet news site Digg.Com featuring its new geothermal power plant and new technology at its first site in southern Utah.
In the next step toward efficient development of geothermal energy resources on Federal lands, the US Bureau of Land Management (BLM) and the US Forest Service (USFS) have issued a Draft Programmatic Environmental Impact Statement (PEIS) for geothermal leasing in the western US, including Alaska.“Federal lands in the West and Alaska contain the largest potential [...]
Sunday, April 20, 2008MICHAEL MILSTEINThe Oregonian Staff
Companies are suddenly moving to tap the same subterranean forces that built Oregon’s volcanic peaks and use them to light homes, power computers and otherwise supply electricity without pollution or greenhouse gases.
Raser Technologies of Provo, Utah, plans construction of a 10-megawatt power plant in Klamath County, near the California [...]
UTC Power and Raser Technologies have announced that UTC Power will provide 110 of its 225-kilowatt (kW) PureCycle geothermal systems to Raser. This order is in addition to 90 units that Raser ordered last year.The agreement provides for downpayments by Raser or its associated project entities to UTC Power. Other financial terms of the transaction [...]
In connection with its development of geothermal power plants, Raser also announced today the delivery of the first seven UTC Pure Cycle® units to Utah. Each 10 MW power plant will require 45 to 50 of these binary cycle units to generate green renewable electricity. Under its agreement with UTC, Raser has begun to [...]
Raser Technologies has initiated the development of two additional geothermal projects. This brings Raser’s total projects under development to seven, representing 70 -75 megawatts (MW) of power projects initiated since April, 2007. Raser announced in April, 2007 that it would initiate the development of approximately 100 MW per year over the following three years and [...]
SALT LAKE CITY (AP) — An underground reservoir in southwestern Utah could be the source of the first geothermal plant in the state in 23 years.
Provo-based Raser Technologies Inc. believes it hit enough hot water to keep a power plant cycling continuously but still is studying the site, an official said Wednesday.For competitive reasons, Raser [...]
Raser Technologies, Inc. announced today that the Company has completed drilling on a geothermal production well in southern Utah for use in a binary-cycle geothermal power plant for generating clean, renewable electric power. Preliminary readings of well 21-34 indicate the existence of geothermal resources with promising water temperatures well in excess of 260°F (127°C), subject [...]
Raser Technologies, Inc. (NYSE Arca: RZ) announced that it has completed an initial review of the previously announced 229,000 acres option on International Paper property for geothermal resources and has selected approximately 78,000 acres in Oregon and Washington for further study. Raser will have the exclusive right to these properties over the next 36 months [...]
GEOTHERMAL ENERGY ASSOCIATION. 12/20/07After numerous debates, Congress finally passed an energy bill which the President promptly signed. The final bill did not include any tax provisions, which were removed after the Senate failed to obtain the 60 votes necessary to close debate by a one-vote margin. However, the final bill does include the [...]
NEW YORK (Dow Jones) — Raser Technologies Chairman Kraig Higginson eyes the vast tracts of empty land in the Western U.S. as the target of acquisition push by companies seeking to tap into the region’s close-to-the-surface heat for geothermal electricity.
“There’s only one jack rabbit per 100 square miles,” Higginson joked about the region known as [...]
Raser Technologies, Inc. (NYSE Arca: RZ) announced today that two additional geothermal power production facilities have received certification as Qualifying Facilities from the Federal Energy Regulatory Commission (FERC). Raser also announced the signing of additional leases in Southern Utah.Provo, Utah, November 7, 2007 — Raser Technologies, Inc. (NYSE Arca: RZ) announced today that two additional [...]
One of the alternative energy industries that hasn’t received much press coverage is the geothermal group of stocks. Geothermal generation utilizes natural underground heat sources that powers a turbine which turns a generator. The word ‘geothermal’ comes from the Greek words ‘geo’, which means ‘earth’, and ‘therme,’ which means ‘heat’. As it turns out, several [...]
Raser Technologies was invited to Exhibit and show its Geothermal renewable enegy developments at the California Governor and First Lady’s Conference in Long Beach California.
Raser displayed its low temperature technology and modular strategy to rapidly deploy and develop geothermal power plants that make power from the abundance of low and medium temperature resources throughout the [...]
Raser Technologies, Inc. announced recently that the Company has completed drilling on a geothermal production well in central Nevada for use in a binary-cycle geothermal power plant for generating clean, renewable electric power. Preliminary readings of well 68-04 indicate the existence of geothermal resources with promising water temperature and flow characteristics, subject to further testing [...]
PAHRUMP — Senate Majority Leader Harry Reid said last Wednesday that he opposes the development of three coal-fired power plants in Nevada and favors the development of nenewable energy sources such as geothermalThe senator contends that Nevada can obtain enough new power generation from renewable power such as solar, wind and geothermal resources in the [...]
