Raser Exhibits Geothermal Devlopment at California Governor's Conference-Tony Blair Discusses Climate Change

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 west. Geothermal is one of the most environmentally friendly ways to generate power with virtually zero emissions.

Former Prime-Minister, Tony Blair was one of the keynote speakers at the conference. He said something notable regarding taking action on global warming even if we aren't completely sure yet if it is real.

Tony Blair said There has been some controversy about global warming and that he has personally spoken to some of the top scientists and he is convinced that it is real. He added, "regardless of whether you believe it is real or not, there is very little down-side to taking action. Blair added "even if we are wrong about global warming, if the world does takes action, then we will have at least reduced pollution and found better ways to live. "

"On the other hand," Blair added, "if we don't act, then we are betraying our children and future generations... and we don't have the right to do that."

Also read this background article on Governor Schwarzenegger and Tony Blair regarding global warming
Also see this background article on their global warming agreement.

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Raser Completes Drilling Phase of Geothermal Production Well

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 and evaluation. Detailed testing for the reservoirís properties has now commenced with final results pending.

"We are pleased with the preliminary results of this drilling program," stated Brent M. Cook, Raserís CEO, "and look forward to executing on our business plan. Our initial review of the information from this well is encouraging, however precise data will not be available until further flow testing and verification can be conducted."
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