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 to supply electricity to Anaheim. The company noted that the Beaver County plant, called Thermo, was... Read more..

Prudential Capital Group Joins Syndicate in Raser’s Thermo Project Financing

Raser Technologies, Inc. announced that Prudential Capital Group, an institutional investment division of Prudential Financial, Inc., purchased the permanent debt financing for Raser’s 10 megawatt (MW) Thermo geothermal power project near Beaver, Utah, from the original project financier. The approximately $31 million of non-recourse debt financing helped construct the Thermo geothermal power plant which completed major construction elements last... Read more..

Quantum and Asola Announce Solar Expansion into Korea – Signs JV Agreement With Q&Tech/Yongsan to Build a 30 MW Solar Production Facility

Quantum Fuel Systems Technologies Worldwide, Inc. announced that its German solar photovoltaic partner, Asola has signed a Memorandum of Understanding to establish a joint venture manufacturing plant in South Korea, to enable production and distribution of high quality, German-designed solar modules in South Korea. The Korean partner Q&Tech / Yongsan Inc., is a high volume manufacturer of electronic and automotive components and a leading supplier... Read more..

Quantum Unites Business Segments to Increase Efficiencies

Quantum Fuel Systems Technologies Worldwide, Inc., a leader in the development and production of advanced propulsion systems, energy storage technologies, and alternative fuel vehicles, today announced that it has completed the consolidation of its two California-based operational facilities into one location based in Lake Forest, California. The Lake Forest campus, totaling approximately 100,000 square feet, includes the Company’s existing... Read more..

Detroit Electric’s Electric Car Hits the Road Again After 100 Year Absence

Detroit Electric is making a come back in a big way with plans to progressively roll out affordable electric vehicles worldwide by the end of 2009. The historic electric car brand held a regional media conference today to introduce electric car technology and unveil its business and manufacturing plans moving forward. As part of the Malaysian Government’s initiative to tackle rising fuel prices and the search for green alternative transportation,... Read more..

Raser Technologies Adds 20,000 Acres to Its Thermo Resource Portfolio

Raser Technologies, Inc. announced that it has signed three new lease agreements covering more than 20,000 acres of geothermal, surface and other rights near its existing Thermo resource in Beaver County, Utah. The signing of these three leases increases Raser’s total holdings in the Thermo area to over 50,000 acres. Raser recently released the results of a report prepared by the prominent geothermal consulting firm, GeothermEx Inc., which concluded... Read more..

Ikona Sells Line of Mud Pump Drives to Its Canadian Distributor

Ikona Gear International, Inc., an innovator of compact, lightweight, oil and gas field machinery and gearing technology, today announced that it has entered into an Agreement of Purchase and Sale of Assets with Canadian-based Saskatchewan LTD. In keeping with world demand for more efficient products, Ikona has successfully designed, developed and manufactured a line of innovative mud pump drive systems. Under the terms of the Agreement, Saskatchewan... Read more..