Chevron announced yesterday that the company is re-entering the US geothermal power market after an absence of some years.
Gregg Rotenberg – Vice President of Strategy and Renewable Energy Investment at Chevron made the announcement during a speech at the Opening Session of the 36th GRC Annual Meeting in Reno, Nevada.
Gregg said that Chevron has been studying investment opportunities in the U.S. for some time. Chevron now wants to join with partners in projects - not be a sole owner or operator of a project.
The company is interested in projects of at least 10 MW and could also include co-production.
Gregg said that Chevron had, in fact begun investing in geothermal power projects in the U.S., and that the company had been a silent partner in financing the EnergySource Hudson I project in the Imperial Valley in California.
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