Latest Geothermal energy Stories

Geothermal Resources Council Welcomes New President

2013-02-14 23:02:41

Louis E. Capuano, Jr. is new President of the GRC Davis, California (PRWEB) February 14, 2013 Louis E. Capuano, Jr. has been elected by his peers on the GRC Board of Directors to be the next President of the Geothermal Resources Council (GRC). He replaces Richard Campbell, who remains on the Board of Directors as Past President. Lou Capuano earned a B.S. in Petroleum Engineering from the University of Southwestern Louisiana in 1971. That same year, he joined Signal Oil and Gas Company...

Nevada Geothermal Power Inc. Announces Domenic Falcone Stepping Down as Director

2013-02-01 08:22:16

VANCOUVER, Feb. 1, 2013 /PRNewswire/ - Nevada Geothermal Power Inc. ("NGP" or "the Company") (TSXV: NGP) has accepted the resignation of Domenic Falcone from the Board of Directors as of January 31, 2013. The Company would like to thank Mr. Falcone for his significant contributions and expert advice over twelve years. We wish him success in his future endeavors. About Nevada Geothermal Power Inc.: Nevada Geothermal Power Inc. is an experienced renewable energy producer focusing...

Nevada Geothermal Power Inc. announces reorganization plans

2013-01-29 08:24:50

VANCOUVER, Jan. 29, 2013 /PRNewswire/ - Nevada Geothermal Power Inc. (the "Company") (TSX.V: NGP) is pleased to announce that it will implement a reorganization plan that was approved earlier by shareholders at the Annual and Special General Meeting on July 24, 2012. In addition, the Company will explore opportunities for asset sales, project development, acquisitions and potential mergers. It is proposed that the Company name will be changed to "Alternative Earth Resources Inc."...

Ormat Technologies, Inc. Announces Partnership Transaction Of Eight Geothermal Power Plants Valued At Up To $44.4 Million

2013-01-28 12:22:18

RENO, Nev., Jan. 28, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that Ormat Nevada Inc., a wholly-owned subsidiary (Ormat Nevada), and JPM Capital Corporation (JPM) entered into a tax equity partnership transaction involving eight geothermal power plants in California and Nevada. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) Under the transaction, Ormat Nevada transferred the plants into a new subsidiary, ORTP, LLC (ORTP), and sold...

Ormat Technologies, Inc. Announces a Non-Cash Pre-Tax Charge for Impairment to its North Brawley Geothermal Power Plant

2013-01-23 04:20:22

RENO, Nev., Jan. 23, 2013 /PRNewswire/ -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it will record a non-cash pre-tax charge of up to $230 million during the fourth quarter of 2012 for impairment to the company's North Brawley power plant located in Imperial County, California. (Logo: http://photos.prnewswire.com/prnh/20040422/LATH066LOGO) The North Brawley power plant was placed in service under its power purchase agreement with Southern California Edison (SCE)...

Geothermal Resources Council Announces New Board of Directors

2013-01-17 23:02:29

Louis Capuano III and Dennis J. Gilles join the new GRC Board of Directors. Davis, Calif. (PRWEB) January 17, 2013 The Geothermal Resources Council (GRC) is governed by a Board of Directors, elected by the general membership to 2-year terms. To provide continuity, half of the Board is elected every year. All GRC members are eligible for election to the Board of Directors. The global GRC membership took part in the ballot in the late fall, and the result was that two new members of the...

Nevada Geothermal Power Inc. reaches agreement with EIG Global Energy Partners ("EIG") on the transfer of NGP's ownership in the Blue Mountain Geothermal Project to EIG

2013-01-16 16:23:04

VANCOUVER, Jan. 16, 2013 /PRNewswire/ - Nevada Geothermal Power Inc. (NGP) (TSX.V: NGP) announces that the Company and funds managed by EIG Global Energy Partners (collectively "EIG"), the mezzanine lender for the Blue Mountain Geothermal Project, have entered into an equity transfer agreement (the "Agreement") dated January 11, 2013 under which NGP will transfer its 100% interest in NGP Blue Mountain HoldCo LLC ("BM HoldCo") to Blue Mountain Power, LLC, a company owned by EIG. BM...

Nevada Geothermal Power Inc. Announces Markus Christen Stepping Down as Director

2013-01-07 20:22:01

VANCOUVER, Jan. 7, 2013 /PRNewswire/ - Nevada Geothermal Power Inc. ("NGP" or "the Company") (TSX.V: NGP) has accepted the resignation of Markus Christen from the Board of Directors as of January 1, 2013. The Company would like to thank Mr. Christen for his significant contributions and expert advice over the past ten years. We wish him success in his future endeavors. About Nevada Geothermal Power Inc.: Nevada Geothermal Power Inc. is an experienced renewable energy...

Best Geothermal Presentations of 2012 Announced by Geothermal Resources Council

2012-12-06 05:03:31

Geothermal Resources Council announces the best geothermal presentations showcased at the 36th GRC Annual Meeting Davis, CA. (PRWEB) December 05, 2012 The Geothermal Resources Council (GRC) has announced the outstanding presentations from the global geothermal community for 2012. The judging was made in each of the technical sessions held in early October at the 36th GRC Annual Meeting in Reno, the world’s largest annual geothermal event. The judging criteria included the technical...

Stanford Geoscientist Cites Critical Need For Basic Research To Unleash Promising Energy Sources

2012-12-04 14:56:46

Developers of renewable energy and shale gas must overcome fundamental geological and environmental challenges if these promising energy sources are to reach their full potential, according to a trio of leading geoscientists. Their findings will be presented on Tuesday, Dec. 4, at 5:15 p.m. PT at the fall meeting of the American Geophysical Union (AGU) in San Francisco, in Room 102 of Moscone Center West. "There is a critical need for scientists to address basic questions that have...