Magma Awarded $10 Million in Department of Energy Grants for Its Soda Lake and McCoy Properties in Nevada

Magma Energy Corp. announce that its US subsidiary, Magma Energy (US) Corp. (”Magma”), has been awarded $10 million in American Recovery and Reinvestment Act funding for two of its Nevada geothermal exploration properties, Soda Lake and McCoy. The grants will reimburse 50 – 80% of Magma’s planned innovative exploration expenditures... 

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Suntech Achieves 1GW Solar Cell and Module Production Capacity

Suntech Power Holdings Co. Ltd., the world’s largest photovoltaic (PV) module manufacturer, held a ceremony today celebrating the achievement of reaching 1GW PV cell and module production capacity in Wuxi, China. The Company also announced the opening of its new headquarters in Wuxi, China that incorporates a 1MW grid-connected building integrated... 

Raser Technologies Completes Initial Commissioning Tests of Thermo

Raser Technologies, Inc., a leader in geothermal power generation, announced that it is nearing completion of the commissioning process of the 50 power generation units at its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for... 

Polaris Geothermal Announces Approval of New Tariff and Amendments to Power Purchase Agreement

Polaris Geothermal Inc. announce that its Nicaraguan subsidiary, Polaris Energy Nicaragua S.A., has signed an addendum to the existing Power Purchase Agreement entered into between PENSA and the energy distributor in Nicaragua. The Addendum has also been approved by Nicaraguan utility regulator Instituto Nicaraguense de Energia (”INE”). The... 

U.S. Energy Corp. Announces Investment in Geothermal Entity

U.S. Energy Corp. announced that it has invested $3.445 million in Standard Steam Trust LLC, a private geothermal exploration and development company based in Denver, Colorado. Current capitalization of SST (with other partners) is $13.8 million (25% USE), which now includes approximately 60,000 acres of BLM, state and fee leases in seven prospect areas... 

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Destiny, Florida Announces Florida’s First Green Energy Station

Destiny, Florida, America’s first eco-sustainable city, announced today that the first green E-station in Florida will be located at the Southeast corner of 441 and State Road 60 in southern Osceola County. The 6,000-square-foot energy refueling station will contain traditional and renewable fuels, electric automobile charging stations along with... 

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Atlantic Energy Solutions Closes on $10 Million Transaction With Trafalgar Capital

Atlantic Energy Solutions, Inc. announce that that they have closed on their transaction with Trafalgar Capital Specialized Investment Fund, a Luxembourg-based company that specializes in working with small cap companies in helping them achieve their growth objectives. Trafalgar has committed up to $10,000,000 over a two-year period with the initial... 

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PECO Begins Second Round of Bidding for Renewable Energy Credits

For the second time in 2008, PECO is inviting renewable energy producers to submit bids to sell alternative energy “credits” to help the company fulfill the requirements of Pennsylvania’s Alternative Energy Portfolio Standards (AEPS) legislation. The details of the request for proposal (RFP) will be discussed in a teleconference on Monday, November... 

Ventyx 2009 U.S. Power System Wall Map Captures Huge Growth in Renewable Power Investment

Ventyx®, the world’s largest private software provider to the energy and utility industry, today announced the release of the new 2009 U.S. Power System Map. Utilizing complex data from the energy industry’s most trusted source for market intelligence, Ventyx Velocity Suite, this new edition is the most detailed and up-to-date reference... 

Raser Technologies Inaugurates Utah Geothermal Plant with Advanced Technology That Can Make Geothermal a Major Source of the U.S. Energy Supply

Raser Technologies, Inc., a leader in geothermal power generation, inaugurated late yesterday its first commercial-scale power plant, in Beaver County, Utah, demonstrating the viability of advanced technology that can make geothermal a major price-competitive resource for this country’s energy supply. The plant’s output has already been committed... 

Tag: raser technologies inc 10mw beaver county geothermal project, thermo plant utah, raser geothermal plants