PROVO, Utah, October 6, 2009, Raser Technologies, Inc., an energy technology company, today released an update on its geothermal activities and its PHEV project, updating stockholders, the media and the public on its progress and strategy.
Lightning Dock, New Mexico Project
Raser recently received final approval of a key permit from the New Mexico Oil Conservation Division [...]
Provo, UT, June 15, 2009 – Raser Technologies, Inc. announced today that it has released the latest version of its “Up to Speed” series of videos, updating stockholders, the media and the public on its progress and strategy. The video provides an update on:
its current and proposed geothermal power developments, including the expectation of reaching full [...]
Raser Technologies moves one step closer to receiving loan guarantees from the Department of Energy
Provo, UT, June 9, 2009 –Raser Technologies, Inc., a leading energy technology company, announced today that the Department of Energy (DOE) has notified the company that its loan guarantee application has been approved to proceed to the next stage of due [...]
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 [...]
New Legislation Will Promote Renewable Energy Development in Utah and Create a Blueprint for Other States
Provo, UT, April 23, 2009 -Raser Technologies, Inc. (NYSE: RZ), a leading energy technology company, celebrated Earth Week with Utah’s Governor Jon Huntsman at Raser’s Hatch geothermal power plant near Thermo, UT, and ceremonially signed two important renewable energy bills: [...]
New Legislation Will Promote Renewable Energy Development in Utah and Create a Blueprint for Other States
PROVO, Utah–Raser Technologies, Inc. (NYSE: RZ – News), a leading energy technology company, announced today that Utah’s Governor Jon Huntsman visited Raser’s Hatch geothermal power plant near Thermo, Utah, as part of a tour of Utah’s Renewable Energy Zone, and [...]
PROVO, UT, March 20, 2009 — Raser Technologies, Inc. announced today that Brent M. Cook, the Company’s CEO is scheduled to present at the Geothermal Innovation & Investment conference at 2:00 PM PDT on March 25, 2009, held at Le Meridian in San Francisco, California. Mr. Cook will be discussing low temperature resource exploitation and [...]
PROVO, UTAH–Raser Technologies, Inc., a leader in geothermal power generation announced today that it has completed final preparations needed to transmit power to the city of Anaheim beginning as early as next week.
The commissioning date was extended while the local utility in Utah completed the installation of the SCADA equipment needed to monitor transmissions on [...]
PROVO, UT, February 3, 2009 — Raser Technologies, Inc. announced today that it has entered into a long-term lease agreement with private land owners covering 37,000 acres of geothermal resources in Southeastern Oregon. The terms of the lease agreement were not specified, but include surface and other rights necessary to build geothermal power plants. The [...]
SALT LAKE CITY, Utah, January 15, 2009 — Raser Technologies, a Utah-based geothermal development company, will help provide research assistance as Salt Lake City and the State of Utah consider the viability of low-temperature geothermal electrical generation. The effort is part of the recent announcement by the City to develop geothermal projects to help meet [...]
Announces Next Public Tour Date
PROVO, UTAH, January 14, 2009 –Raser Technologies, Inc., a leader in geothermal power generation, announced the anticipated timeline for the remaining commissioning activities for its first geothermal power plant in Utah and provided an update on its progress towards delivering clean renewable power to Anaheim. Having completed their commissioning tests for [...]
“Plant Commissioning is Nearly Complete”
PROVO, UTAH, December 30, 2008 –Raser Technologies, Inc., a leader in geothermal power generation, announced that it is nearing completion of the commissioning process of the 50 power generation units at its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a [...]
Provo, Utah, December 22, 2008 — Raser Technologies, Inc. announced today that it continues to expand its vast geothermal resources by acquiring 17 new lease parcels covering more than 50,000 acres of geothermal, surface and other rights in Utah as a part of the BLM (Bureau of Land Management) geothermal auction on Friday, December 19, [...]
Provo, Utah, November 18, 2008 – Raser Technologies, Inc. announced today that the sale of the initial $10 million of its common stock, under an agreement relating to the private placement of $20 million of its common stock announced last week, closed on November 14, 2008. Pursuant to the initial closing, 2 million shares were [...]
Plant Will Supply Electricity to the City of Anaheim
PROVO, UTAH, Nov. 7, 2008 –Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s [...]
Senator Orrin Hatch to Participate in Ribbon Cutting for Utah Renewable Energy Project
PROVO, Utah, October 23, 2008 — Raser Technologies, Inc. announced today that it will hold a ribbon cutting ceremony to mark the completion of the first commercial geothermal power plant to be built in Utah in more than 20 years. Senator Orrin Hatch, [...]
Raser announced today that it has received the final $21 million installment of the tax equity payment under a definitive agreement that provides project financing and tax equity capital for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah. The funding arrangement previously provided approximately $30 million of non-recourse debt financing and tax equity capital to construct the Thermo geothermal power plant. Under this arrangement, the tax equity capital is provided by Raser’s tax equity partner in exchange for most of the tax benefits provided by the renewable energy project.
Provo, Utah, October 1, 2008 — Raser Technologies, Inc. will present its revolutionary rapid deployment process of its modular geothermal power generation networks at the Geothermal Energy Conference and Expo in Reno, Nevada, October 5-8, 2008. The conference is sponsored jointly by the Geothermal Energy Association (GEA) and the Geothermal Resources Council (GRC). The event [...]
PROVO, Utah, September 9, 2008 — Raser Technologies, Inc. announced today that it received cash from its initial funding from the close of the Thermo project financing that includes construction funding and tax equity capital that was announced last week. As was reported last week, the funding arrangement, which was entered into pursuant to the [...]
Raser Partners with Indonesia Power to Build 110 MW of Geothermal Power on Indonesia’s Most Populated Island
PROVO, Utah, September 3, 2008 — Raser Technologies, Inc. announced today that it was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 megawatts (MW) of geothermal power in [...]
PROVO, Utah, September 3, 2008 — Raser Technologies, Inc. announced today that it has completed setting all of the first 50 geothermal generating units at its Thermo plant in Beaver County, Utah. Raser had previously announced the commencement of placing the units on August 12, 2008 and has continued its rapid deployment, completing the work [...]
Raser Awarded Large Geothermal Contract in Indonesia. Project to Produce 110 Megawatts of Electricity
