Geothermal

Raser Enters Geothermal Alliance Agreement

Provo, Utah & Ann Arbor, Michigan [RenewableEnergyAccess.com] Raser Technologies, Inc. and Cummins & Barnard, Inc. (C&B) announced the mutual execution of two agreements, a Geothermal Project Alliance Agreement and a Consulting Services Agreement. Under the Project Alliance Agreement, C&B will provide program management and construction services in the development of a series of renewable energy facilities that generate power from renewable geothermal resources. The Consulting Services Agreement assigns to C&B the specific project management responsibilities for the construction of Raser’s first power plant. C&B will work with Raser’s existing engineering firm, ICPE (Intermountain Consumer Professional Engineers), to provide engineering services for the Raser projects.