geothermal

1 July 2009

Drilling begins at Paralana geothermal joint venture project

Geothermal energy developer Petratherm and its joint venture partners Beach Petroleum and TRUenergy Geothermal have began drilling has begun at the Paralana Geothermal Project site in Australia.

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1 July 2009

Southern California Edison calls for renewable energy projects

Southern California Edison, a US utility for renewable energy, has called for more renewable contracts, with all forms of electricity welcome.

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29 June 2009

Geothermal company Magma Energy Corporation announces pricing of public offering

Magma Energy Corporation, a geothermal company, has priced its initial public offering of 66,667,000 common shares at CAN$1.50 per share for total gross proceeds of around CAN$100m.

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29 June 2009

Raser Technologies signs geothermal supply deal with Southern California Public Power Authority

Raser Technologies, an environmental energy technology company, has entered into a term sheet with the Southern California Public Power Authority to sell 110MW of geothermal power to certain member municipalities in a pre-paid arrangement.

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25 June 2009

US policymakers hold the key to a clean energy future

Leading clean energy CFOs, venture capitalists and academics have unveiled a report identifying the US' clean energy potential and unearths the seven industries capable of creating 5 million new jobs and reducing CO2 emissions by 5-7 gigatons by 2020.

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19 June 2009

Philippines-based geothermal company Energy Development Corporation acquires 106MW Mindanao power plants

Philippines-based geothermal company Energy Development Corporation has taken over two geothermal power plants in Kidapawan City, North Cotabato from the Mindanao I Geothermal Partnership, according to reports.

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17 June 2009

US renewable energy sufficient to meet significant portion of nation’s electricity needs, according to reportp

Renewable energy resources in the US are sufficient to meet a significant portion of the nation's electricity needs, according to a new report from the National Research Council.

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17 June 2009

Canadian renewable energy company Polaris Geothermal appoints six new directors

Polaris Geothermal, a Canadian renewable energy company, has appointed six directors in connection with its annual shareholder meeting.

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17 June 2009

Nevada Geothermal Power to complete Faulkner I geothermal plant by October 2009

Nevada Geothermal Power, a renewable energy company focused on geothermal power, has released an update on its 49.5MW geothermal power plant ‘Faulkner 1'.

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15 June 2009

Phillipines-based geothermal developer Envent signs ten year power purchase agreement

Phillipines-based geothermal developer Envent has signed a power purchase agreement with the Biliran Electric Cooperative for about 8,600MWh per year of electricity. The total value over the ten year term is about $47m.

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15 June 2009

Raser Technologies announces updates on geothermal development

Geothermal energy company Raser Technologies, Inc. expects to reach full capacity at its Thermo No. 1 plant, also known as the Hatch plant, during the early part of the third quarter of 2009, according to a recent company update.

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15 June 2009

UK energy services company Greenrock Energy established

A group of entrepreneurs has established an energy services company to fund the installation and maintenance of environmentally friendly systems to heat and cool new buildings throughout the UK and Europe and is currently in the market to raise £10m in equity from investors. Greenrock Energy will manage the ESCO, which will finance the installation and operation of ground source heat pump systems.

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12 June 2009

Geothermal energy to power Australian jobs boom, according to reportp

Over 17,000 Australians could be employed in the geothermal energy industry by 2050, according to a report released from WWF and the Australian Geothermal Energy Association (AGEA).

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10 June 2009

US Department of Energy clears Raser application for loan guarantee for geothermal power plant

Renewable energy technology company Raser Technologies, Inc. has announced today that the US Department of Energy (DOE) has approved its loan guarantee application to help finance up to 80 per cent of a $190m geothermal power project. The guaranteed loan is expected to be used for the construction of approximately 42MW of gross binary-cycle geothermal power plant capacity near the company's existing Thermo No. 1 project in Beaver County, Utah.

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8 June 2009

Renewable energy company GreenHunter Energy appoints Ronald D Ormand to board of directors

GreenHunter Energy, Inc., a diversified renewable energy company focused on wind development projects, biomass power generation and biodiesel production has appointed Ronald D Ormand to the company's board of directors.

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4 June 2009

Sierra Geothermal Power Corp to apply for US Department of Energy grants for geothermal projects

Sierra Geothermal Power Corp, a Canadian geothermal company, is planning to apply for grant funding from the US Department of Energy.

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4 June 2009

Heat-to-power company ElectraTherm to use its technology in geothermal applications

ElectraTherm, a manufacturer of heat to power generators, is using its ElectraTherm Green Machine in geothermal applications.

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4 June 2009

Investment in renewables overtakes fossil fuels as $155bn put into clean energy in 2008, according to UN reportp

In 2008, $155bn was invested in clean energy companies and projects worldwide, not including large hydro, according to a new report from the UN.

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3 June 2009

US cooling and energy systems company Turbine Air Systems, completes venture funding round

US cooling and energy systems company Turbine Air Systems, Inc. has completed a growth equity financing round, led by private equity firm Element Partners, growth equity investor NGP Energy Technology Partners, Robeco, Credit Suisse and Potomac Energy Fund also participated in the transaction. Proceeds will primarily be used to fund the TAS' continued growth initiatives, the company said.

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2 June 2009

The Eden Project and EGS Energy join forces to establish geothermal plant in Cornwall, UK

The Eden Project, an environmental education centre, has entered into a partnership with EGS Energy, a UK geothermal system energy developer, to establish an engineering geothermal system power plant.

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