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August 3, 2006

Ground Broken for First Pacific Northwest Geothermal Project

Boise, Idaho [RenewableEnergyAccess.com]

U.S. Geothermal held a groundbreaking celebration for the first geothermal power plant in Idaho and the Pacific Northwest on the project site at Raft River, Idaho.

"We're excited to show off this advanced new power plant and all of our hard work to harness this unique and efficient power that literally wells up from deep inside the earth."

-- Daniel Kunz, U.S. Geothermal, CEO and president

This new binary geothermal power plant will be constructed on the same site where the world's first experimental binary geothermal power plant was constructed and operated by the U.S. Department of Energy between 1974 and 1982.

U.S. Geothermal, which is scheduled to begin production at its new power plant next year, has a 20-year power purchase agreement (PPA) with the Idaho Power Company for delivery of an average of 10 megawatts (MW) of electricity each month. Ultimately, the site could yield up to 90 MW of electricity, according to studies of the proven energy reservoir.

"This completely clean, green, and renewable energy source will soon be put to work for our Idaho customers," said Daniel Kunz, CEO and President of U.S. Geothermal. "We're excited to show off this advanced new power plant and all of our hard work to harness this unique and efficient power that literally wells up from deep inside the earth."
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Reader Comments (4)
 
No image available
August 4, 2006
yes please. My on-line brokerage claims to not know U S Geothermal by that name.
Comment 1 of 4
No image available
August 4, 2006
The future of producing electric energy
is in Geotherrmal Power Plants,
but if you bring such messages from a company
quoted at the stock exchange you should
always brng the ticker symbol

Guenther Sigel
Comment 2 of 4
No image available
August 5, 2006
A google search would give you the links. I found this at the top two returns.
OTCBB: UGTH 1.28
TSX.V: GTH 1.45
Comment 3 of 4
No image available
August 9, 2006
Calpine is largest US producer of geothermal energy (19 plants, 750MW) OTC Pink Sheets: CPNLQ [chapter 11, was NYSE: CPN]
http://www.calpine.com/power/technologies.asp

equipment manufacturer for the Raft RIver facility is Ormat NYSE: ORA they also have 20 plants around the world (5 US plants, 109MW) and are also providing the turbine equipment for a new concentrated solar power (CSP) facility in Nevada.
http://www.ormat.com/index_projects.htm

CalEnergy [part of MidAmericanEnergy subsidiary of Berkshire Hathaway] has 10 US plants - 327MW (plus 511 MW in the Philippines)
http://www.calenergy.com/html/projects2.asp


insurelect@aol.com
Comment 4 of 4
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