Utah Governor meets with Raser Technologies

Governor Huntsman discusses geothermal energy and the states renewable energy plan

Utah Governor Jon M. Huntsman, Jr. met with Raser Technologies at their headquarters in Provo, UT to discuss Utah’s new leadership energy role in geothermal development.

“First, just as Wall Street is known for finance and Silicone Valley for technology, by 2012, I believe Utah can become the premier destination in America for renewable energy!

And don't tell me it can't be done! In just this past year alone, we have witnessed in Utah the opening of a solar farm, a hydroelectric plant, a wind farm and a geothermal plant. To support this energy development, innovation at our higher education campuses is running at an all-time high, like technologies that will ensure the long-term viability of our abundant natural resources. The University of Utah is now second only to MIT in commercialization of cutting-edge research.”

-Utah Governor Jon M. Huntsman, Jr. at the State of the State Address

Senator Huntsman met with Raser’s CEO Brent Cook, Executive Vice President Dick Clayton, Senior Vice President David West and other Raser representatives. They discuss the recent discovery of one of the largest reservoir of geothermal energy in the nation and Raser’s development of this resource and its impact of this on the State of Utah’s energy plan.

Salt Lake mayor eyes geothermal power

SALT LAKE CITY (AP) -- Mayor Ralph Becker has enlisted a geothermal power company to rate Salt Lake City's potential for generating renewable energy from heat stored in the earth.

One possible site is the Wasatch Warm Springs fault zone on the city's north end. But Raser Technologies Inc. says there are other hidden geothermal sites around the city.

Becker is pitching a geothermal plant as part of his wish list of projects for possible funding under President-elect Barack Obama's proposed economic stimulus package.

The Wasatch Warm Springs fluctuate between 100 and 108 degrees at the surface. That's not hot enough for technology that can extract energy from water at coffee-brewing temperature, or 165 degrees, but Raser says the water could be hotter deeper underground.)

Full steam for local geothermal firm

A Provo company is showing the rest of America how to develop new sources of energy: Unleash private companies and let them uncover the wealth lying beneath our feet.

After the discovery of a huge geothermal field 155 miles southwest of Provo, Raser Technologies Inc. has taken only about six months to construct a power plant and get it going. That's because it has figured out how to build plants in a modular fashion, making the process easier and faster. The company has said it will begin delivering electricity to Anaheim, Calif., within weeks.

The power source is hot water a few thousand feet below the surface, circulating inside a zone of porous limestone. The underground "lake" cycles hot water, using the Earth's internal heat to drive turbines. Raser plans to tap it and provide power eventually to as many 200,000 homes.

Raser started buying leases five years ago on hundreds of thousands of acres that had been passed over because of their lower heat potential. Raser, however, has developed a fluid that allows it to use low-temperature water. And, unlike most geothermal plants, in the Raser plant the water can be re-used.

The company holds rights to 78 square miles of land and believes there's potential for further development. Raser and its supplier, UTC Power, plan to build seven geothermal energy plants this year and 10 plants a year for the following decade.

It's a testimony to the power of private business, correctly managed. It's been a bad year for the reputation of many big firms. But that shouldn't obscure the power of free enterprise to get things done.

There's a clamor on the left for government to run more of the economy. But it's hard to imagine a government agency getting such a project done in six years, much less six months.

The company's find underscores the power of taking risks. In the current climate, businesses have (unsurprisingly) grown skittish of sticking their necks out. Raser's success in this venture reminds us that boldness can pay off.

The company has ramped up its planned development from 10 megawatts to 230 megawatts. And the future looks bright: It has applied to be listed on the New York Stock Exchange and expects to begin trading on the Big Board early this year.

The moral of the story? While politicians in Washington are talking about developing more energy resources, private companies are actually doing things. They're developing fresh ideas, working on new technologies, and taking risks as they work toward the future.

And this is just one example. Other companies are taking big strides in developing energy resources, from making solar power viable to developing nuclear power plants the size of a hot tub.

To do such things, however, they have to be free of burdensome taxation and cumbersome regulations. They take big risks, and people won't do that unless they also have a chance of a big payoff.

There's a lot of justified anger over the blunders business has made in recent years. But, as Raser has shown, free enterprise can provide tremendous benefits.

If we let it.

3 Companies Stay on Alternative-Energy Path

By Paul Davidson, USA TODAY

President-elect Barack Obama has made renewable energy a centerpiece of his plan to resuscitate the U.S. economy and fight global warming.

Yet the credit crunch and nose-diving energy prices are prompting companies to scale back or cancel alternative-energy projects. In 2008, total spending on clean-energy projects is expected to fall 4% to $142 billion from 2007, research firm New Energy Finance says. But venture capital and private-equity firms are still investing in emerging technologies, it says. This year, such investments will increase to $14.2 billion from $9.8 billion in 2007.

Here are three companies that are forging ahead:

GEOTHERMAL POWER

Raser Technologies' hot idea

Geothermal power, which generates electricity by tapping a virtually limitless reserve of the Earth's natural heat, is perhaps the most promising renewable energy. But the richest and most accessible resources are dwindling, and it typically takes five to 10 years to build a plant.

Start-up Raser Technologies aims to solve both problems.

Its modular design makes building a geothermal plant as simple and quick as putting up a house. And it can use cooler, more widely available water, which increases the number of potential sites.

The company recently completed a 10-megawatt geothermal plant — enough to power about 9,000 homes — in six months. By year's end, it plans to start selling electricity from the Thermo, Utah, facility to the city of Anaheim, Calif.

Raser and its supplier, UTC Power, want to build another seven generators in the western United States by the end of 2009. It says they can churn out a jaw-dropping eight to 10 plants a year for at least the next decade.

"I call it Lego … building-block style," says Raser CEO Brent Cook.

Geothermal makes up 3% of the nation's renewable energy, according to the Geothermal Energy Association. Geothermal, unlike wind and solar, makes power around the clock.

Developers typically drill for water that's at least 350 degrees Fahrenheit; most is in the West. As it's pumped from the ground, the hot water turns to steam, which cranks a turbine.

A relatively new binary process uses cooler water — 250 to 300 degrees — to heat a refrigerant that vaporizes at lower temperatures. UTC Power says it can tap water as tepid as 165 degrees. "There are a lot more low- and moderate-temperature resources than higher-temperature resources," says Joseph Moore of the Energy & Geoscience Institute at the University of Utah.

Raser and UTC executives realized they could streamline the process by simply using air conditioners. For the Utah plant, UTC combined off-the-shelf air conditioners from its Carrier division, the nation's top air conditioning supplier, with generators and turbines to mass produce 50 units. In the meantime, Raser drilled wells, laid the foundation and installed wiring at the Utah site.

Then UTC delivered 50 systems in just 10 days.

"I've seen projects studied to death," Cook says. "This gave us the business courage to say, 'Let's go ahead and do this project.' "

SOLAR SYSTEMS

Making solar affordable

Here's a way to bring down the cost of that $35,000 solar system you're thinking of putting on the roof of your house: Turn the solar system into your roof.

Installation fees now make up about 30% of the price of solar panels. Panels, after all, must be individually mounted with racks and frames. Letting them double as roof tiles or building facades can eliminate those fees.

For 10 years, about a dozen companies have been laminating or gluing panels directly onto the roofs of homes or businesses as they're built. Sometimes solar cells are embedded within glass facades of office buildings.

Yet this segment of the solar business — known as building-integrated photovoltaics (BIPV) — makes up less than 5% of the industry, partly because systems are pricey, says consultant Paul Maycock of Photovoltaic Energy Systems.

A start-up called HelioVolt aims to jump-start the market with a less costly BIPV system for homes that it says is also more aesthetically appealing. It plans to start churning out panels for roofs and facades at its Austin factory by the end of 2009.

"My vision is to change solar from being a retrofit to being an electronic component embedded in the building construction material," Helio CEO B.J. Stanbery says.

BIPV providers that target the home market typically use wafers made of expensive silicon as a semiconductor. Individual solar cells must be electronically linked to form modules as large as 36 square feet. The links create grid-like lines on solar panels.

When a manufacturer builds a smaller module that doubles as a roof tile, it reduces efficiency and increases cost.

HelioVolt, by contrast, is a thin-film solar maker that uses a fraction of the semiconductor found in silicon wafers, slicing costs.

Also, Stanbery says the company creates electronic connections within each solar cell, eliminating the need to combine cells into large modules. As a result, he says, it can build smaller panels that naturally function as roof tiles and are 40% cheaper than current BIPV models.

And since the electronic links are deeply ingrained within the panels, the lines are virtually invisible, lending the panels a more natural solid gray look.

"You have no idea how many people I've talked to where the guy wants to put … panels on the roof, and the wife says, 'You've got to be kidding. You know how ugly those things are?' " Stanbery says.

WIND ENERGY

Design maximizes gusts

More wind, more electricity. Right?

Wrong.

A big drawback of wind energy is that generators operate at a steady speed regardless of how hard the wind blows. That means energy is wasted when gusts are too weak or too strong.

A Vancouver, British Columbia-based start-up called ExRo says it has a solution. It has invented a variable-speed generator that fluctuates with the wind. ExRo CEO John McDonald says the new generator can boost power output 20% to 50%, slashing electric rates.

"Alternative energy is still far too expensive," McDonald says. "What we're attempting to do is materially reduce the cost per kilowatt hour."

Wind makes up about 1% of U.S. power generation and has been growing about 45% a year.

Here's how a wind turbine works: Wind turns the blades, which spin a shaft. The shaft rotates copper coils that generate electric current when they pass by magnets. But the coils and magnets run at a set speed. So if wind speeds are too low, a gearbox must use power from the turbine to spin the shaft faster, wasting electricity. Similarly, the generator can't handle strong winds that would make the shaft spin too rapidly. So blades are positioned to let much of those gusts pass by.

ExRo Chief Technology Officer Jonathan Ritchey has devised a generator with 54 coils and magnets that work independently. If the wind is weak, only a couple of coils rotate. If it's strong, they all kick in.

The company has raised $1.5 million in seed money and is seeking $10 million next year for field trials. McDonald expects to team with manufacturers and start turning out generators in 2010. "No matter what the wind does, we have the right size generator at peak efficiency," he says.

KSL on Renewable Energy in Utah

KSL Television, Salt Lake City, Utah, November 17th, 2008
The move toward renewable sources of energy is more than just talk in Utah . . . and that is encouraging, as the state, nation and world transition to power generation that is more environmentally friendly.

The latest example is the recent completion of an innovative geothermal power plant in Beaver County. Provo-based Raser Technologies, remarkably, built the facility in just over six-months using advanced modular technology they say "can make geothermal a major price-competitive resource for this country's energy supply."


A few months ago, another group of entrepreneurs flipped the switch to begin generating electricity at a wind farm in the mouth of Spanish Fork Canyon. The nine-turbine, 19-megawatt facility is the first utility-scale wind project in Utah history.

KSL applauds these innovative approaches to providing energy that is greener and cleaner. In our view, the initial success of these two projects reinforces the viability of Governor Huntsman's goal of having the state get 20 percent of its energy needs from renewable sources by 2025.

Utah is a state with vast natural resources, including four major geothermal zones, a number of potential wind-power sites and an abundance of sunshine in key areas for solar power generation. The move to development of these resources is both encouraging and exciting.

Utah Startup Strikes Geothermal Jackpot

PROVO, Utah (AP) — Within six months of discovering a massive geothermal field, a small Utah company had erected and fired up a power plant — just one example of the speed with which companies are capitalizing on state mandates for alternative energy. (read article in LA Times)

Anticipation of new energy policies has sparked a rush on land leases as companies like Raser Technologies Inc., based in Provo, lock up property that hold geothermal fields and potentially huge profits.

Raser's find, about 155 miles southwest of Provo, could eventually power 200,000 homes.

The company said it will begin routing electricity to Anaheim, Calif. within weeks.

Earlier this month, California adopted the nation's most sweeping plan to cut greenhouse gas emissions.

"We made a pleasant discovery, let's put it that way," said Brent M. Cook, the company's chief executive.

The number of government land leases and drilling permits have risen quickly, said Kermit Witherbee, who heads up the leasing program for the U.S. Bureau of Land Management, with more than two dozen companies now trying to make a score like Raser.

Two years ago, the U.S. Bureau of Land Management approved 18 geothermal drilling permits. That number more than doubled in 2007 and has nearly quadrupled this year.

The government leased a staggering 244,000 acres for geothermal development in the past 18 months. Another 146,339 acres went up for bid Friday in Utah, Oregon and Idaho.

All of it was claimed.

Raser's find "has the potential to become one of the more important geothermal energy developments of the last quarter century," said Greg Nash, a professor of geothermal exploration at the University of Utah.

The company quickly redrew its business plan, bumping up its planned development of 10 megawatts of power to 230 megawatts. That is in line with the field's power potential according to calculations by GeothermEX Inc., a consulting firm.

By comparison, the largest group of geothermal plants in the world are The Geysers, about 60 miles northeast of San Francisco. The Geysers geothermal basin produces about 900 megawatts of energy, enough to power the city, said Ann Robertson-Tait, a senior geologist and vice president of business development for GeothermEX.

Geothermal technology creates energy using heat that is stored in the earth. But geothermal still generates less than 1 percent of the world's energy, according to the Paris-based International Energy Agency.

"The outlook for geothermal is great," said Brian Yerger, an energy analyst for New York-based Jesup & Lamont.

Geothermal companies are relatively small players in the energy market and have had to scramble to lock up financing, particularly during a recession.

Merrill Lynch & Co. has pledged to fund Raser's first 100 megawatts of projects and says it is staying in the game.

"We've done a lot with Raser," said Merrill Lynch spokeswoman Danielle Robinson. "We're very committed to the company."

Cook said his company can raise additional money from joint ventures and stock sales. "This is where the money flows, to alternative energy projects that pencil out," he said. The company made its first major stock sale Nov. 14 to Fletcher Asset Management of New York.

"We are enthusiastic about our investment," said Kell Benson, Fletcher's vice chairman. The firm bought $10 million in stock at $5 a share, with an option to double the stake.

Raser and its supplier, UTC Power, plan to build another seven geothermal energy plants across the western United States by the end of 2009 and 10 plants a year for the next decade.

The push for geothermal power has been accelerated by state mandates like those in California, which this month said utilities must obtain a third of their electricity from renewable sources by 2020.

Raser, which specializes in low-boil geothermal sites, started buying leases five years ago on hundreds of thousands of acres that had been passed over because of their lower heat potential.

New technology, however, has made low-boil water useable for geothermal power. Raser buys 250-kilowatt power units from UTC Power, a subsidiary of United Technologies Corp.

Geothermal is also being used on a smaller scale.

"These things are slot machines. They make money," said Bernie Karl, owner of Chena Hot Springs Resort, off the grid 60 miles northeast of Fairbanks, Alaska. On geothermal energy from early UTC prototypes, Karl powers light bulbs, heats lodges and rooms for 210 guests, warms a greenhouse that grows food and spices, keeps an ice house frozen and makes hydrogen for resort vehicles.

Raser hit hot water at a few thousand feet below the surface circulating inside a zone of porous limestone a mile deep. The underground "lake" cycles hot water endlessly under the power of the Earth's internal heat like a steam engine, throwing up loops of hot water intersected by wells that return it to the system.

The company holds rights to 78 square miles of land in the area and believes it has barely tapped the full potential.

Interior's energy push would open millions of Utah acres

Governor Huntsman says the plan is a 'positive move forward'

WASHINGTON - The Interior Department plans to open more than 190 million federal acres - including 18 areas in Utah - for geothermal production in an attempt to boost domestic energy output.
Interior Secretary Dirk Kempthorne said Wednesday the plans, in their final stage, could increase the nation's supply of geothermal energy to power more than 5.5 million homes within seven years.
"Geothermal energy will play a key role in powering America's energy future, which requires a wide variety of energy sources," Kempthorne said in a conference call with reporters. "Because geothermal energy is replenished by heat sources deep in the Earth, it is a renewable resource that generates electricity with minimal carbon emissions." read article

D.O.E. Features Raser's Geothermal Project in New Mexico

New Mexico Governor Bill Richardson and Raser Technologies, Inc. announced in late August that construction has begun on the first commercial geothermal power plant in New Mexico. Located near Animas in the southwest corner of the state, the 10-megawatt (MW) Lightning Dock geothermal power plant will produce power using modular "PureCycle" power units from UTC Power, a subsidiary of United Technologies Corporation. read article at DOE

U.S. Uses Less than 1% of Our Geothermal Resources

The Great Forgotten Energy Source: Geothermal
With climate concerns, oil prices, and energy security now on everyone’s mind, the tide seems to be turning again in favor of geothermal energy in this country. The 2007 Energy Act authorized the DOE to spend $95 million for geothermal research (although Congress has appropriated only a fraction of that so far). Unfortunately, the Energy Act failed to extend tax credits for renewable energy producers, which are crucial, MIT’s Tester says, given the initial costs of finding geothermal resources and setting up plants. read article

Michigan Joins 30 other States with Renewable Portfolio Standard

The comprehensive energy legislation, approved last month by Michigan House and Senate lawmakers, requires utilities and other electric suppliers to derive 10 percent of their electricity mix from renewable sources by 2015. The bills also gradually decrease electricity rates for business and industrial customers, offset by rate increases of up to 20 percent for residential customers. The legislation also includes tax credits to encourage energy efficiency measures that supporters say could help offset any rate hikes.

Granholm has long touted alternative energy as a promising growth field for Michigan, and she called on lawmakers to pass a renewable portfolio standard during her State of the State speech earlier this year. Recent trade missions to Sweden, Germany and Japan have focused in part on meeting with alternative energy companies to persuade them to open facilities in Michigan.

In her weekly radio address Friday, Granholm called the energy bills "perhaps the most important legislation to create jobs and diversify Michigan's economy that has crossed my desk." Granholm said the state was a natural fit for the renewable energy jobs of the future.

"Our manufacturing history, outstanding universities and bountiful natural resources give us an advantage over most of our competitors," she said. "This comprehensive energy plan will create all kinds of jobs for all kinds of people."

But the plan has drawn criticism from some quarters. Critics including the Customer Choice Coalition objected to the legislation, which would guarantee Consumers Energy and DTE Energy 90 percent of the state's electricity market, as being anti-competitive and discouraging entrepreneurship.

The Washington-based American Wind Energy Association also took the rare step of opposing the bills, saying they paint an overly broad definition of renewable energy and would do little to spur new renewable energy generation in the state.

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Raser Chosen To Develop 110,000 MW Geothermal Plant in Indonesia

Indonesia holds the world's 2nd largest reserves of geothermal power with the world's 4th largest population. Raser Technologies, Inc. was chosen to develop, in conjunction with Indonesia Power, over 100,000 acres of geothermal resources to build an estimated 110 MW of geothermal power in West Java, Indonesia's most populated island. read article

The 412 square kilometers (159 square miles) concession surrounds the Tangkuban Perahu volcano, approximately 15 miles (24 km) north of Bandung, the capitol of the West Java Province. Bandung has over 2 million people and is the largest city in the West Java Province, which has over 35 million residents.

Indonesia Power is a unit of PT Perusahaan Listrik Negara (PLN), Indonesia's state owned utility and has 127 power plants producing 8,888 MW of power. Indonesia Power will hold 51 percent ownership in the venture with Raser, while Raser will own 49 percent. It is expected that the capital to fund the development of the project in West Java will be independently financed.

PLN is expected to purchase the geothermal power in an effort to reduce its exposure to rising oil prices. Due to growth and rising fuel costs, Indonesia is experiencing an energy crisis and is actively pursuing a plan to grow geothermal power.

Indonesia has a stated goal to more than double its current 838 MW of geothermal power output by 2010 and to further grow its geothermal power generation to 9,500 MW by 2025. Outside of the United States, Indonesia has the world's largest geothermal power generation potential.

"We have studied this resource along with The Energy and Geoscience Institute and believe that it could potentially support 200 MW to 300 MW of clean renewable power," stated Michael Hayter, Raser's Director of Geothermal Development. "We anticipate that the initial phase of development will be a rapidly deployed binary plant with additional phases potentially including larger flash geothermal plants."

"We are excited about working with Indonesia Power to expand our geothermal development," stated Brent M. Cook, Raser's chief executive officer. "We recognize their expertise in geothermal power operations and applaud their commitment to further develop Indonesia's significant geothermal resources. We are honored to be their partner and look forward to working with them closely over the next several years."

Using New Geothermal Technology, Raser Could Tap 120,000 MW of Clean Power

The project will be one of the first geothermal plants in the nation to incorporate the new breed of low-temperature technology featured in Raser’s proprietary modular power plants. Each individual generation unit is manufactured off-site, delivered to the location, and rapidly installed to create, in essence, a geothermal farm with multiple 450 kW units. read article

Raser Feaured on Front Page of Digg.com

Raser Technologies made the front page of the popular new inernet news site Digg.Com featuring its new geothermal power plant and new technology at its first site in southern Utah.

Raser Discovers Nation's Largest Geothermal Resource in 25 Years

Raser discovers nation's largest geothermal resource in past 25 years in southern Utah. Raser is nearing completion of their first power plant at the site to provide electricity for Mickey Mouse's home town. read more

"We call them 'heat farms' because we're just extracting heat out of the earth," says Michael Hayter of Raser Technologies.

The heat farm has sprouted quickly near Minersville. In the last several weeks, construction crews for Raser Technologies have installed 50 individual modules that produce electricity from steam.

According to Raser, the units can be installed and making power within three to five days of delivery. They make 10 Megawatts, enough for 8,000 homes already sold to the city of Anaheim, California.

"We knew we had enough for 10 megawatts when we started the development," says Hayter. "And as we went on we found a much larger resource."

They found it hundreds of feet below ground where water is heated by molten rock. They started drilling into it about a year ago.

Now, some experts believe the underground hot water reservoir could produce as much as 238 MegaWatts, enough for a metropolis of 200,000 homes.

Raser's project in Utah was stimulated partly by a California mandate to get more electricity without adding to global warming. Dave Tabet, with the Utah Geological Survey, says, "It was a known geothermal resource area. But its potential hadn't been proven until Raser went in and did some more exploration."

At least a half dozen other places in Utah look promising for geothermal development.

But Tabet says until there's more drilling they won't really know the true potential of all those areas.

Raser hopes to eventually develop the full potential in Beaver County with hundreds more modules. To do it they need to sell a lot more electricity. But they claim their price is now competitive with coal.

Among the advantages of geothermal; the resource doesn't get used up over time and there are no fuel costs. Raser hopes to eventually sell power to utilities in Utah as well as California.

Large-Scale Geothermal Energy Development Planned by BLM & USFS

In the next step toward efficient development of geothermal energy resources on Federal lands, the US Bureau of Land Management (BLM) and the US Forest Service (USFS) have issued a Draft Programmatic Environmental Impact Statement (PEIS) for geothermal leasing in the western US, including Alaska.

"Federal lands in the West and Alaska contain the largest potential geothermal resources in this country. With the strong interest and support of state and local governments and clear direction from Congress, we are taking the next step in an aggressive program to make these resources available for responsible development to help meet the Nation’s energy needs."
—BLM Director Jim Caswell

The draft PEIS considers 117 million acres of public lands and 75 million acres of national forests to be available for leasing. The Draft PEIS also evaluates another alternative based on public input gained during scoping that would limit geothermal leasing for electrical generation to areas near transmission lines.

The BLM administers geothermal leasing on the public lands it manages and on lands in the National Forest System, where the Forest Service is the surface management agency.

The lands could potentially host 110 new geothermal plants generating 5,500 MW of power by 2015. An additional 132 geothermal plants could produce another 6,600 MW of power by 2025. In addition, 270 communities could potentially draw on geothermal resources as a heating source.

The draft PEIS was open for public comment on 13 June, and it will remain open for 90 days after the US Environmental Protection Agency (EPA) publishes its notice in the Federal Register on 20 June. The BLM will also hold public meetings in 13 cities throughout the region in July.

Approval of the PEIS will allow the BLM to modify its land use plans and to issue decisions on geothermal lease applications that are now pending. It will also help the Forest Service decide when to approve leases in national forests, although the Forest Service will require a separate environmental review process to amend its land use plans.

Geothermal energy production uses heat located naturally beneath the surface of the earth to generate electricity with little or no need to burn fuel. Geothermal energy currently accounts for 8.5% of renewable energy generation in the US.

Almost half of the nation’s geothermal energy production and about 90% of US geothermal resources occur on Federal lands. Currently, 29 geothermal power plants are operating under BLM authorization on Federal lands in California, Nevada and Utah. They have a total capacity of 1,250 MW and supply the needs of 1.2 million homes.

A comprehensive MIT-led study of the potential for geothermal energy within the United States published in 2007 concluded that Enhanced Geothermal System (EGS) technology could supply a substantial portion of US electricity well into the future, probably at competitive prices and with minimal environmental impact.

Overall, the DOE-funded panel concluded that EGS can likely deliver cumulative capacity of more than 100,000 MWe within 50 years with a modest, multi-year federal investment for RD&D. The panel estimated the total EGS resource base to be more than 13 million exajoules (EJ), with an estimated extractable portion to exceed 200,000 EJ—about 2,000 times the annual consumption of primary energy in the United States in 2005. (Earlier post.))

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Get ready for a geyser of geothermal power

Sunday, April 20, 2008
MICHAEL MILSTEIN
The Oregonian Staff

Companies are suddenly moving to tap the same subterranean forces that built Oregon's volcanic peaks and use them to light homes, power computers and otherwise supply electricity without pollution or greenhouse gases.

Raser Technologies of Provo, Utah, plans construction of a 10-megawatt power plant in Klamath County, near the California border, in the next 18 months. The company also has leased 73,000 acres of land owned by International Paper in Oregon for potential geothermal development. Read Article

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Raser Orders 110 UTC Geothermal Systems

UTC Power and Raser Technologies have announced that UTC Power will provide 110 of its 225-kilowatt (kW) PureCycle geothermal systems to Raser. This order is in addition to 90 units that Raser ordered last year.

The agreement provides for downpayments by Raser or its associated project entities to UTC Power. Other financial terms of the transaction were not disclosed. Raser began taking delivery of the UTC Power systems ordered last year in the fourth quarter of 2007 and all 200 units will be delivered by the end of this year. UTC Power will also maintain the units.

"The existing federal Production Tax Credit for geothermal energy resources created a valuable incentive for the purchase and deployment of these units during this calendar year," said UTC Power President Jan van Dokkum.