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.