geothermal project development News
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NREL Releases Report on Policy Options to Advance Geothermal Exploration
A new DOE report, published by the National Renewable Energy Laboratory, highlights findings from a review of five policy mechanisms that have been successfully applied to hydrothermal exploration activities around the globe – loan guarantees, drilling failure insurance, lending support, grants, and government-led exploration—and their applicability to the U.S. geothermal market. A ...
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Ormat Technologies, Inc. to develop a geothermal project in Honduras
Ormat Technologies, Inc. (NYSE: ORA) announced today that an Ormat subsidiary entered into an agreement with Geotérmica Platanares to acquire a late stage development geothermal project in Honduras. The project comprises of the rights to a field where exploration work has been conducted in the past and a Power Purchase Agreement for up to 35MW with the national utility of Honduras, ENEE. ...
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New cooperation agreement signed for geothermal development in Serbia
NIS a Serbian energy company and Betec a geothermal development firm in Belgrade have signed a Co-Operation Agreement on developing Geothermal energy in Serbia, as announced by the partners today. The companies will jointly develop geothermal active areas in northern Serbia by drilling new production wells and building power plants based on the well head power plant technology. The drilling ...
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NH Adopts Full Thermal Incentive for Renewable Portfolio Standard
The Biomass Thermal Energy Council (BTEC) today applauded New Hampshire Governor John Lynch and the state's Senate and House of Representatives for their passage of legislation (NH Senate Bill 218), a bill that adds thermal renewable energy to the state's renewable portfolio standard (RPS). RPS programs have been adopted in some 29 states and the District of Columbia to provide incentives to ...
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Utah to Host Ultimate Geothermal Energy Event in October
Over 1,300 attendees will gather at the world’s largest annual geothermal energy event, the GRC Annual Meeting and GeoExpo+, at the Salt Palace Convention Center in Salt Lake City, Utah from October 1-4, 2017. Utah Governor Gary Herbert will address the Opening Session of the GRC Annual Meeting on Monday, October 2, and he will be joined by other special guests and energy experts. The ...
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First U.S.-Indonesia geothermal project to be developed following President Obama’s Asia Pacific comprehensive energy partnership
Ormat Technologies Inc. (NYSE: ORA) announced that it has signed an agreement for the development of the Hu’u Dompu project in Indonesia. The agreement was signed today in the presence of Penny Pritzker, Secretary of Commerce for the U.S. Department of Commerce. President Obama’s U.S. Asia Pacific Comprehensive Energy Partnership (USACEP) is encouraging U.S. companies to develop ...
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Geothermal energy set to double across western states
The amount of new geothermal power now under development in the United States will roughly double U.S. geothermal capacity, according to a survey that will be released Wednesday by the Geothermal Energy Association, GEA. These projects, when developed, will provide up to 3,368 megawatts of new electric power capacity for the grid, more than doubling U.S. geothermal power capacity from 2,936 ...
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Drilling Project Starting in Montserrat
Drilling Project Starting in Montserrat Iceland Drilling Company has reached an agreement with DFID (Department for International Development) for a geothermal drilling project in the Caribbean Island, Montserrat. The drilling contract was signed on 8th of April 2016. The project involves drilling the 3rd geothermal well, but in the year 2013 two exploration wells were drilled giving around 2 ...
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Geothermal Resources Council announces President-Elect
The http://www.geothermal.org/ has announced the election of Paul Brophy as President Elect. He will become the 25th President of the global geothermal energy association. Paul was a Senior Associate with the engineering consultant firm of Dames & Moore from 1990 until 1995 and then spent nearly 10 years as District Geologist for California Energy Company in Santa Rosa, California providing ...
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Ram Power, Corp. Announces the Signing of a Letter of Intent With SNC Lavalin for the Construction of the Geysers Project
Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, is pleased to announce the signing of a letter of intent ("LOI") with SNC-Lavalin Constructors Inc. ("SNC") for the construction of the 26 MW (net) geothermal power plant (the "Geysers Project") located at the Geysers ...
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Innovative ADB Loan to Help Unlock Indonesia’s Clean Energy Potential
The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in Indonesia. “This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace ...
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Ram Power Confirms Resource and Closes $160 Million Credit Facility for the San Jacinto-Tizate Project
Ram Power, Corp. (TSX: RPG) ("Ram Power" or the "Company"), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, is pleased to announce that it has satisfied the resource requirements to have full access to the $160 million credit facility for the 36 MW San Jacinto-Tizate project Phase II expansion (the "Phase II Credit Facility"). The ...
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Energy Department Announces $18 Million for Innovative Projects to Advance Geothermal Energy
As part of the Administration’s all-of-the-above energy strategy, the Energy Department today announced up to $18 million for 32 projects that will advance geothermal energy development in the United States. The selected projects target research and development in three technology areas: advancing subsurface analysis and engineering techniques for enhanced geothermal systems (EGS), applying ...
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Energy Department Finalizes loan guarantee for ormat geothermal project in Nevada
U.S. Energy Secretary Steven Chu today announced the Department finalized a partial guarantee for up to a $350 million loan to support a geothermal power generation project. The project, sponsored by Ormat Nevada, Inc., is expected to produce up to 113 megawatts (MW) of clean, baseload power from three geothermal power facilities and will increase geothermal power production in Nevada by nearly ...
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ADB Supports Renewable Energy by Investing in Indonesian Geothermal Plant
The Asian Development Bank (ADB) has signed a $350 million financing package supporting the construction of the 320 megawatt Sarulla Geothermal Power Development Project in North Sumatra, Indonesia, an investment expected to unlock clean energy investments across the country, which holds 40% of the world’s geothermal resources. The renewable energy project will provide clean, baseload ...
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World Bank Energy Director to Deliver Keynote Address at GEA International Geothermal Energy Finance Forum 2013
The Geothermal Energy Association today announced the keynote speaker for next month’s International Geothermal Energy Finance Forum. Rohit Khanna, program manager of the World Bank’s Energy Sector Management Assistance Program, will deliver keynote remarks at the conference, to be held on April 11 at the Marriott Marquis New York. Each year the Finance Forum brings together ...
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Truckee Meadows Community College and Colorado School of Mines Win Geothermal Student Competitions
The Energy Department announced the 2014 winners of the National Geothermal Student Competition and the Geothermal Case Study Challenge last week at an industry gathering in Portland, Oregon. These competitions challenged college and university students to develop professional business solutions for public outreach as well as case studies that could help industry more accurately pinpoint ...
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Frost & Sullivan Celebrates Green Companies at 2011 Asia Pacific Green Excellence Awards Banquet
Frost & Sullivan honoured and recognized 28 companies for their excellence in sustainable products, services and strategies at the 2011 Frost & Sullivan Asia Pacific Green Excellence Awards banquet held today at the Amara Sanctuary Resort Sentosa, Singapore. The 2011 Frost & Sullivan Green Excellence Awards are presented to companies in the Building and Environment, Energy, ...
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Homegrown Experts to Tap into Africa`s 20,000 MW Geothermal Energy Thanks to New Excellence Centre
Around 80 delegates, including representatives of 13 African countries, gathered in Nairobi to explore the feasibility of establishing the Africa Geothermal Centre of Excellence (AGCE), which would enhance the continent's institutional and infrastructural capacities, and create a critical mass of geothermal scientists and engineers. Currently, around 600 million people in Africa lack access to ...
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Energy Department Announces First-of-its-Kind, High-Temperature, Downhole Rechargeable Energy Storage Device
The Energy Department today announced commercialization of a rechargeable energy storage device capable of operating in the extreme temperatures necessary for geothermal energy production. Industry partner FastCAP Systems successfully demonstrated an ultracapacitor that is fully operational in 200°C conditions, extending the upper limit of high-temperature energy storage and electronics, and ...
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