Author Archive for admin
Opinion: Hawaiian geothermal energy: A gift from the gods?
Writing for TriplePundit.com, Tia Ferguson says, “Whether the seemingly conflicting people and planet considerations of energy sustainability in Hawaii can be reconciled or better aligned is entirely up to determination by the native Hawaiian community. Perhaps reframing the employment of geothermal power production as a way to celebrate and honor the fire goddess is one [...]
Suit filed to stop geothermal plant expansion
In California, the Friends of Cobb Mountain are suing Lake County to stop the planned expansion of a nearby the Bottle Rock geothermal power plant. The group says the environmental impact report on expansion is inadequate and is asking the court to set aside certification of the impact report, but says they are not [...]
USG signs 25 year PPA for the San Emidio project
In Idaho, U.S. Geothermal Inc. subsidiary USG Nevada LLC has signed a Power Purchase Agreement (PPA) with NV Energy for an annual average of up to 19.9 MW of energy from the San Emidio Geothermal Project in Washoe County, Nevada. The 25-year PPA anticipates the development of two electric power generation units at San Emidio. [...]
New police buildings to feature geo-exchange system
In Pennsylvania, the 16 modular units that will make up the new Pennridge Regional Police Department headquarters will arrive mid-June. And drilling for the geo-exchange heating and cooling system will start soon as well. The department will be getting a $4,774 rebate from PPL Electric Utilities for installing the system.
Fossil and nuclear fuels spending to rise at renewable energy expense
In Washington DC, House Appropriations subcommittee Committee Chairman Rodney P. Frelinghuysen (R – NJ) issued a prepared statement on the fiscal year 2012 energy and water development appropriations bill. In it, he says The bill for fiscal year 2012 provides $30.639 billion, $1.043 billion below fiscal year 2011 and $5.9 billion below the President’s request [...]
CO workshop will look at drilling and funding for test hole
In Colorado, the Geothermal Working Group has issued an invitation to attend an afternoon workshop on “The Path to Colorado’s First Geothermal Power Test Hole” on June 23 in Golden. The workshop will look at the factors involved with exploratory drilling as well as financing mechanisms. Presentations will cover the best locations for test holes, [...]
USG grants stock options
In Idaho, U.S. Geothermal Inc. has granted options in accordance with its Stock Incentive Plan to directors, employees and consultants to acquire 2,590,000 shares in capital of the company. They are exercisable at a price of $0.83 per share for 5 years expiring June 3, 2016. The options will vest subject to the company’s Stock [...]
Alterra sells 25% of HS Orka back to local Icelanders
In Canada, Alterra Power Corp. announced the signing by its wholly-owned subsidiary, Magma Energy Sweden AB, of a share purchase agreement with Jarôvarmi slhf as well as the completion of the sale. According to the terms, Magma Sweden sold a 25% interest in its 98.5%-owned HS Orka hf to Jarôvarmi, owned by a group of [...]
GTP looking to advance geothermal resource development
In Washington D.C., the U.S. Department of Energy’s Geothermal Technologies Program (GTP) will issue in June a Funding Opportunity Announcement to expand its partnership with the geothermal community on geothermal systems research and development in the U.S. to support GTP’s goal of lowering the cost of geothermal energy to 6 ¢/kWh. This Notice of Intent [...]
Money Guide: DOE’s NREL, Navigant co-author guidebook to geothermal power finance
In Washington D.C., the U.S. Department of Energy’s National Renewable Energy Laboratory, along with co-author Navigant, have released the Guidebook to Geothermal Power Finance. The guidebook is offered to counter changes in investment in conventional geothermal projects since the economic downturn began in 2008.
Ultimately, it is intended to facilitate further investment in conventional geothermal [...]
