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geothermal energy,
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ormat
CleanTechnica reports a new geothermal power plant has come online in Nevada - New Geothermal Power Plant Shows What the U.S. Can Do About Climate Change.
A new 15 megawatt, utility scale geothermal power plant has just come online in Jersey Valley, Nevada.The project is significant because according to its host company, Ormat Technologies, it was the only utility-scale geothermal plant to be completed in the U.S. within the past year or so. Geothermal is reliable, renewable, clean energy produced right here in the U.S., and it’s not subject to global market fluctuations or political turmoil overseas — say, shouldn’t we be building these things at a rate of more than just one per year?
Geothermal energy from the new plant in Nevada will be purchased by NV Energy, which already has an extensive geothermal energy portfolio dating back to the 1980′s. The portfolio currently includes 400 MW and the company expects to give it a big bounce up to 570 MW in the near future. That’s just one utility company, and it’s a drop in the bucket compared to the U.S. potential. The Department of Defense recently estimated that the geothermal potential on U.S. military facilities alone is a cool 926 gigawatts. Along with massive new wind power projects and solar installations, geothermal could play a significant role in our domestic energy future.
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by Big Gav
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costa rica,
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ormat
Cleantech.com reports that Ormat has signed up to build another geothermal power station in Central America - Costa Rica taps Ormat for $65M geothermal deal
Reno, Nev.-based Ormat Technologies (NYSE: ORA) is preparing to start its second geothermal project in Costa Rica after being chosen for a $65 million contract with Banco Centroamericano de Integración Económica.
Ormat plans to build, test and commission the Las Pailas Geothermal Plant, which is planned for construction in Las Pailas Field, Costa Rica, for the country's national electricity and telecommunications company, Instituto Costarricense de Electricidad (ICE).
Under the agreement, Ormat is expected to complete the plant in 18 months. The capacity of the geothermal facility was not disclosed. Ormat says the new plant will use water-cooled condensers and its proprietary high-performance, high-efficiency organic turbine.
Ormat previously built an 18-megawatt binary geothermal power station for ICE in 2004. Ormat has developed four other geothermal projects in Central America since 1999. The projects are expected to totaling 150 MW when the Pailas plant is commissioned.
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brightsource,
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ormat
VentureBeat has a post speculating that Google.org may invest in geothermal energy company Ormat. It makes you wonder how much attention GeoDynamics will get if their experimental HFR geothermal plant is successful.
Google.org, Google’s philanthropic arm, has taken a number of stakes in solar and wind startups over the past year, most recently joining a $115 million investment in solar thermal firm BrightSource Energy. It now seems to be focusing its attention on the bustling geothermal energy sector, with Google co-founder Sergey Brin recently expressing a strong interest in Ormat, a geothermal startup headquartered in Reno, Nevada.
During an interview with the Israeli newspaper, The Marker, Brin confirmed that his company was in discussions with Ormat to collaborate on several clean energy projects, calling the startup a “great company” and praising it for its potential to turn geothermal energy “into a big business.” Though he wouldn’t say whether Google was in talks to purchase any Israeli cleantech companies, he did say that the conditions were good for his firm to buy companies in 2009. He said there were a lot of interesting companies that worked in renewable energy and electric cars — perhaps a nod to Shai Agassi’s Project Better Place.
According to Haaretz, senior executives at Google have already met with their counterparts from Ormat twice, and Larry Page recently visited one of the company’s plants in Steamboat Hills, Nevada. Ormat chairman Lucien Bronicki said he and Google officials were pushing legislation in the U.S. advocating more R&D for advanced geothermal technology. Ormat announced in February that it would work with the DOE and several geothermal companies — GeothermEx and Pinnacle Technologies — to test Enhanced Geothermal Systems (EGS) technology at its 11 megawatt Desert Peak facility. ...
In addition to making a series of high-profile investments in eSolar, BrightSource and Makani Power as part of its RE is cheaper than coal initiative, Google has also donated over $1 million in grants to support plug-in vehicle adoption. The foundation’s RechargeIT initiative recently gave $200,000 to CalCars.org. Page said Google.org’s goal is to produce 1 gigawatt of renewable energy capacity from wind, geothermal and solar thermal sources cheaper than coal, an objective he and Brin are optimistic will be met in years, rather than decades.
Google also invested in another solar thermal company recently, putting
$115 million into BrightSource, which is building a 900MW plant to supply PG&E.
Today we are pleased to announce our participation in BrightSource Energy's $115 million venture financing with a $10 million equity investment as part of Google's RE is cheaper than coal initiative.
Solar thermal energy generation is one of the key emerging industries addressing the changing global climate and we are excited about both of our current investments in solar thermal technology -- BrightSource Energy and eSolar.
In addition to making investments in renewable energy startups, we plan to make grants to support the research and development of enabling technologies to help the solar thermal industry achieve larger scale and lower costs. We believe that by supporting researchers and entrepreneurs taking different, ambitious approaches and risks to generate clean energy, we can help to accelerate progress and increase the collective economic value of these new clean energy industries.
We are also looking for a Head of Renewable Energy to run our internal R&D effort, which is focused initially on solar thermal power, advanced wind technologies, and enhanced geothermal systems.