Ormat Technologies Inc. announced that two of its subsidiaries have entered into a supply contract and a construction contract with Contact Energy LTD of New Zealand for the Centennial Binary Plant, a new geothermal power plant that is to be constructed in the Tauhara Geothermal Field in New Zealand. The contracts are valued at approximately [...]
Archive for the ‘Geothermal’ Category
Ormat Secures US $42 Million Contract for Geothermal in New Zealand
Posted in Economics, Geothermal on 2008-07-02 | No Comments »
Pricey oil making geothermal projects more attractive
Posted in Economics, Geothermal on 2008-07-01 | No Comments »
Faced with looming energy crises in their developing economies, power-hungry countries like Indonesia and the Philippines are looking deep into the earth for solutions.
Both are in the so-called Pacific Ring of Fire, an area peppered with volcanoes and home to the world’s biggest reservoir of geothermal power.
”When I think of Indonesia and energy, I think [...]
Ormat Makes Geothermal Deal in Turkey
Posted in Economics, Europe, Geothermal on 2008-06-30 | No Comments »
Ormat Technologies Inc. announced that one of its subsidiaries has entered into a supply contract for a new geothermal power plant to be constructed in Turkey. The contract is valued at approximately US $16 million and delivery of the equipment is expected to be completed within 16 months from the contract date.
The customer, Menderes Geothermal [...]
Geothermal hits home
Posted in Economics, Geothermal on 2008-06-27 | No Comments »
Geothermal heating and cooling systems are increasingly taking root under the green, green grass of homes.
Area contractors say they are doing 40 to 50 per year, up from five to 10 a few years ago.
As more metro homeowners fret over the rising costs of energy, demand for residential geothermal systems is skyrocketing – even on [...]
Raser Receives First 50 Power Generation Units from UTC Power
Posted in Geothermal on 2008-06-26 | No Comments »
Raser Technologies Inc. announced that it has taken delivery of 50 UTC Power geothermal power generating units that the company ordered for the first geothermal power plant to be built in the state of Utah in more than 20 years.
UTC Power has shipped the first 50 generating modular units that will generate electricity from Raser’s [...]
DOE To Invest US $90 Million in Advanced Geothermal Energy
Posted in Economics, Geothermal on 2008-06-26 | No Comments »
The U.S. Department of Energy (DOE) has issued a Funding Opportunity Announcement (FOA) for up to US $90 million over four years to advance the research, development and demonstration of next-generation geothermal energy technology.
DOE said that it plans to make up to 26 awards through this competitive funding opportunity, which is open to industry and [...]
Canadians tap into geothermal demand
Posted in Geothermal on 2008-06-18 | No Comments »
Use of environmentally friendly and energy-efficient ground-source heat pumps, which involve drilling through the earth’s crust, has become increasingly popular as fuel prices climb.
The Montreal-based Canadian GeoExchange Coalition — which works with the federal government to promote, regulate and develop geothermal technology and training for government and industry, as well as certify its heating and [...]
MHI Wins 225-MW Order from Iceland
Posted in Economics, Europe, Geothermal on 2008-06-11 | No Comments »
Mitsubishi Heavy Industries, Ltd. (MHI) has received a turnkey order from Reykjavik Energy of Iceland, to build five 45-megawatt (MW) geothermal power plants, 225 MW in total, in the suburbs of Reykjavik. Deliveries of the plants will begin in October 2010 and be completed by February 2012.
The steam turbines for the plants will be manufactured [...]
Geothermal Electricity Booming in Germany
Posted in Europe, Geothermal on 2008-06-02 | No Comments »
Electricity from geothermal sources is set to soar in Germany — and all thanks to a law that has made drilling wells deep enough to hit the hot temperature water, which is needed to produce electricity, financially viable.
Less than 0.4 percent of Germany’s total primary energy supply came from geothermal sources in 2004. But after [...]
Indonesia Gets Into Hot Water
Posted in Geothermal on 2008-05-19 | No Comments »
In the shadow of steep volcanic mountains, Indonesia is seeking to develop a cleaner future for its energy industry. Pressurized steam from a score or more of wells is piped to power generation plants a few kilometers away, feeding into the country’s main Java-Bali power grid.
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