Raser Technologies has recently flow tested one of three production wells at its US $33 million, 10-megawatt (MW) Beaver County, Utah geothermal project and now expects to deliver electricity to the city of Anaheim, CA in October, two months earlier than the contract target, says Brent Cook, CEO of the Provo, UT-based developer.

"The success of this project will be important, because with this new low-temperature technology, the range of potential commercial sites is much wider." -- Roy Piskadlo, Managing Director, Corporate Finance, Merrill Lynch