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By Marc Favreau on February 08, 2010  |  Comments 0

EGS without the Shakes or Clogs: GTherm’s single well GT system to be tested by EPRI

In California, the Electric Power Research Institute (EPRI) is about to kick off a series of tests on single well engineered geothermal systems, or SWEGS, developed by GTherm. If it works as advertised, SWEGS will be able to capture deep hole heat without fracturing – and the associated seismicity, without using local water supplies, without [...]

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By Marc Favreau on February 01, 2010  |  Comments 0

Recovery Act funding recipient profile IV: MIT using $2 million in grants to advance EGS

In Massachusetts, three separate research projects are aimed advancing enhanced geothermal systems – and two have been in play since 2008. With the addition of a $549,148 grant to civil and environmental engineering professor Herbert Einstein from the most recent round of funding in late summer, MIT researchers now have over $2 with which to [...]

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By Marc Favreau on January 25, 2010  |  Comments 0

The greening of New Mexico: Governor’s orders include full-scale geothermal development

In New Mexico, Gov. Bill Richardson has signed an executive order that strengthens state efforts to promote a green economy in New Mexico. Executive Order 2004-19 declares New Mexico the “Clean Energy State,” and created a Clean Energy Development Council (CEDC) and directs six cabinet offices to support and participate, overseeing planning and development [...]

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By Marc Favreau on January 18, 2010  |  Comments 0

DOE steps up on induced seismicity: New EGS safeguards in the works

In Washington, D.C., the Department of Energy will impose new safeguards on geothermal energy projects that include deep rock fracturing in order to mitigate earthquake risk, according to a recent report in the New York Times. The Times based the item on documents provided to it by the DOE.
Ground-motion sensors and other data will [...]

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UK Environment Agency wants more ground source incentives

In England, the Environment Agency is calling on the Government to offer more financial incentives to home owners and businesses to install ground source heating and cooling through the forthcoming Renewable Heat Incentive. A new report from the Agency suggests that more than one million systems could be installed in the UK in the next [...]

Kennedy wants IT giants to build green grid for electron long haul

In California, Robert F. Kennedy Jr., in the keynote address at the Green Grid Technical Forum, said the IT sector should be the prime mover in establishing a new power grid able to transport renewable power resources over long distances. He said that wind, solar and geothermal are the three renewable resources with the potential [...]

GT company named to 2010 TSX Venture 50

In Canada, the TSX Venture Exchange announced that Nevada Geothermal Power Inc. had been named as one of the TSX Venture 50, a ranking of strong performers listed on the exchange. TSX Venture 50 is comprised of 10 emerging companies in five industry sectors that have been identified as leaders in Canada’s public venture market. [...]

New geothermal bidding round set

In the Philippines, the Department of Energy is looking to dole out another 10 geothermal contracts under the Philippine Energy Contracting Round (PECR). Frontier or undeveloped areas are included. Energy assistant secretary Mario Marasigan said that the department is scheduling the auction within the quarter, but the award of contracts will depend on the pace [...]

Investment outlook for GT strengthens

In Massachusetts, research firm Emerging Energy Research says that 2010 may be the breakout year for geothermal energy. Investments in grew more than in any other energy source in 2009, rising some 149% over 2007 levels to $2.2 billion. Plus, the Obama administration has asked for a 25% increase in funding for geothermal technology in [...]

This Week in Geothermal Opinion: U.K. GT developers need a higher RHI, refined focus

Ryan Law, managing director of Geothermal Engineering, told New Energy Focus that the U.K.’s Renewable Heat Incentive – released for consultation last week – needs to be refined to encourage a wide mix of renewable heat. “Geothermal heat providers need RHIs to be set at a higher level to attract more investment for both the [...]

Output drop means new well in Puna

In Hawaii, Ormat Technologies Inc. said it plans to drill a new well at its Puna geothermal power plant on the Big Island because of a 32% loss of generating capacity. The 30 MW capacity plant had generated 25 MW as recently as late last year after repair work, but a decline in the steam [...]

HS Orka in the black for 2009

In Canada, Magma Energy Corp. said that Icelandic geothermal company HS Orka hf, of which 41% is held Magma, has released its audited financial and operating results for the year ended December 31, 2009. HS Orka reports significant earnings for the year but Magma noted that the report will need to be translated by Magma [...]

Raser taps an additional $19 million from Fletcher

In Utah, Raser Technologies, Inc. has sold $5 million of convertible preferred stock plus another $14 million in certain investment rights to Fletcher International, Ltd. The financing is part of a broader strategic relationship between the two companies. The preferred shares can be converted to common stock at a price of $5 per share and [...]

Denham Capital increases Vulcan investment

In Oregon, Vulcan Power Company announced that an affiliate of Denham Capital has invested $108 million in preferred and common stock of Vulcan. This is the second equity investment in Vulcan by the affiliate and brings its total investment in Vulcan to $166 million. The new investment will allow Vulcan to continue ongoing development of [...]