Archive for January, 2010
Green IPO’s finding fertile ground in Canada
In Canada, a general thaw in the capital markets, government incentives and the country’s natural resources expertise are being touted as reasons behind an expected increase in green IPOs there. The Toronto Stock Exchange and TSX Venture exchanges list 123 green companies, more than any other market in the world. Geothermal exploration and development company [...]
Home builders show finds more ground-source interest
In Nevada, the National Association of Home Builders’ International Builders’ Show ended an upbeat four-day run Friday at the Las Vegas Convention Center. Attendees were described as cautiously optimistic, particularly in light of 2009’s dismal mood. Enertech Manufacturing, LLC of Greenville, Ill., a company that manufactures geothermal heating systems saw steady traffic at its booth, [...]
This Week in Geothermal Opinion: Geothermal energy’s footprint is miles underground
Robert McDonald, of the Nature Conservancy’s Emerging Strategies Division, tells Greenwire’s Phil Taylor “Out of the renewable technologies, geothermal is a very compact way to generate energy. But it is one that’s often missed in the discussion of renewables.” A study released last summer that was led by McDonald found that future geothermal developments will [...]
Ethiopia seeks ties to aid geothermal development
In Ethiopia, Minister of Mining and Energy, Alemayehu Tegenu has reaffirmed government’s commitment toward developing the geothermal energy resource of the nation. Alemayehu said Ethiopia aspires to utilize its geothermal energy resource that exists in the rift valley area of the country through strengthening multilateral and bilateral relations. He made the statement while opening a [...]
Streamlined GT permitting process would take two years off development
In Oregon, hidden in a piece about a regional tour taken a local congressman came the news that he and other lawmakers had introduced legislation to streamline the permitting process for geothermal projects situated on public lands. While visiting the Second District in the state, U.S. Rep. Greg Walden was quoted as saying “We need [...]
CSM hosts geothermal symposium
In Colorado, the Colorado School of Mines played host to two hundred guests from four different countries and ten different states at the second annual Geothermal Symposium. The latest developments in global geothermics were presented by renowned, international guests. The first speaker, Siguður Magnús Garðarsson, the director of the Icelandic GEOthermal Research Group (GEORG), spoke [...]
Sengkang plant operator to sue Siemens
In Indonesia, Energy World Corporation Ltd., the operator of the Sengkang geothermal plant in the province of South Sulawesi, said it will sue Siemens if it fails to repair damage at the facility by the end of January. Leakage in the outer turbine pads was supposed to have been repaired before December 25, 2009. The [...]
Board changes at Ormat and Caldera
In Neveda, Jacob J. Worenklein, a member of the Ormat Technologies, Inc.’s Board of Directors and Audit Committee since November 2004, has told the company that he will step down from the board on March 31, 2010. Worenklein’s resignation is a result of his joining the law firm of Bingham McCutchen LLP as a partner. [...]
Magma awarded second Chilean property
In Canada, Magma Energy Corp. said it had been awarded the 100,000 hectare Pellado property, which adjoins the Maule property, for geothermal development by the Government of Chile. Pellado. Magma discovered a large heat anomaly, called the Mariposa Geothermal Resource, with a slim hole drilling and a magnetotelluric geophysical program in 2009. The resource straddles [...]
NGP investigating Faulkner 1 shut down and well unloading
In Canada, Nevada Geothermal Power Inc. said it is looking into two problems at its Faulkner 1 geothermal power plant. The first, and most serious, was an automatic shut down on January 17th, 2010, which the company said was due to a “ground fault” problem in the electrical control system. The plant remained off-line for [...]
