Raser Sets 20 Geothermal Units at Thermo Plant

Raser Technologies Inc. announced hat it has completed setting the first 20 geothermal generating units at its Thermo plant in Beaver County, Utah. Raser had previously announced the setting of the first five units on August 12 and has continued its rapid deployment completing the setting of the first 20 units earlier this week. The plant is on schedule and Raser expects to have all 50 units set by the end of next week.

Raser has also continued its well field development and construction efforts on the Thermo site while working to complete the steps necessary to close its construction and permanent financing for its Thermo project.

“We are pleased with the quality of work and in meeting tight deadlines by our construction partners in this monumental effort,” said Brent Cook, Raser’s CEO. “We are on schedule to accomplish something that we believe has never been done in the geothermal world. We anticipate that with an October completion, this will be the first commercial geothermal power plant developed in less than a year.”

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