The World's #1 Renewable Energy Network for News, Information, and Companies.

U.S. Geothermal Receives Balance of $11.8 Million Treasury Grant

U.S. Geothermal Receives Balance of $11.8 Million Treasury Grant

U.S. Geothermal Inc., a renewable- energy developer with projects in three Western states and Guatemala, received the balance of a Treasury Department grant of $11.8 million for a project in Nevada.

“This seems to be another item USG is crossing off the to- do list as it ties up loose ends in the U.S., in preparation to focus full attention on its project-development interests outside the U.S.,” Mark Taylor, a Bloomberg New Energy Finance analyst based in Washington, said in an e-mail today.

The company’s Nevada unit had received $10.7 million as of Nov. 15, according to a statement today. The San Emidio facility is projected to generate 75,000 megawatt hours annually. During January and February it produced more than 6,100 megawatt hours a month to sell to Sierra Pacific Power Co. under a 25-year agreement.

U.S. Geothermal is developing a project about nine miles (14 kilometers) from Guatemala City, and “discussions and planning are under way for the development of a power-purchase agreement,” according to the Boise, Idaho-based company’s website.

Copyright 2013 Bloomberg

Lead image: Geothermal via Shutterstock

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

GEA Geothermal Energy Expo 2015

Every year, the Geothermal Energy Expo® hosts the world's largest ga...

National Geothermal Summit 2015

The Geothermal Energy Association (GEA) is pleased to be holding its fif...

COMPANY BLOGS

Net Zero Energy Efficient Buildings and Geothermal Heat Pumps

As the U.S. market for green building design and construction evolves, ...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

California Solar Installations Put 6 Gigawatts of Power Online

That’s according to figures from the California Independent System...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS