Raser Technologies has initiated the development of two additional geothermal projects. This brings Raser’s total projects under development to seven, representing 70 -75 megawatts (MW) of power projects initiated since April, 2007. Raser announced in April, 2007 that it would initiate the development of approximately 100 MW per year over the following three years and then ramp up to 150 MW per year for each year thereafter. The two additional projects announced today include a second 10 MW plant in Utah and the Company’s first 10 MW plant in Oregon. The Company’s projects under development now include three projects in Nevada, two in Utah, one in New Mexico and one in Oregon. read more
