Latest Geothermal heating Stories
WASHINGTON, Feb. 14 /PRNewswire-USNewswire/ -- Geothermal energy production in the United States has been on track to double in the next few years and the economic stimulus bill will help sustain this growth, according to industry leaders. "The provisions of the economic stimulus bill will put steam back into the engine of geothermal industry growth," noted Karl Gawell, Executive Director of the Geothermal Energy Association (GEA) In August 2008, GEA reported that the U.S. had about 3,000...
Electric cooperatives provide rebates and incentives for energy efficiency MONUMENT, Colo., Feb. 11 /PRNewswire/ -- Colorado Gov. Bill Ritter toured Palmer Ridge High School today, getting a firsthand look at the largest geothermal heating and cooling system in Colorado, which allows the new high school to use energy more efficiently and save money. Tri-State Generation and Transmission Association and its electric cooperative member, Mountain View Electric Association, provided more...
ElectraTherm, Inc. (www.electratherm.com) today announced the successful completion of its 2008 Series A common share capital raise, totaling $2.6 million. The product of four years of successful research and development, the ElectraTherm Green Machine stands alone as the first commercially viable generator to make electricity from low temperature, residual industrial heat that has, until now, gone to waste. "ElectraTherm's disruptive technology is truly rewriting the book on clean energy...
By David Page The Economic Stability Act of 2008 passed by Congress and signed by President Bush last week includes tax credits for purchasing geothermal heat pumps. ClimateMaster, a subsidiary of Oklahoma City-based LSB Industries, is a major geothermal heat pump manufacturer. Tax credits included in House Resolution 1424 - or the financial industry bailout package - are expected to encourage the purchase of residential and nonresidential geothermal heat pumps. "We believe that the tax...
Home and commercial building owners who install geothermal heating and cooling systems are now eligible for federal tax incentives (http://www.dsireusa.org) under the Energy Improvement and Extension Act of 2008 (http://thomas.loc.gov), passed by Congress Oct. 3 as part of the economic recovery package. WaterFurnace International (TSX: WFI) Vice President of Sales and Marketing, Phil Albertson, said, "By passing this important piece of legislation, Congress is encouraging the growth of...
LSB Industries, Inc. ("LSB" or the "Company"), (AMEX: LXU), today announced that HR 1424, The Economic Stability Act of 2008, which was approved by the U.S. House of Representatives on Friday, October 3, 2008, and signed into law by President Bush, included tax incentives in the form of tax credits, that should encourage the purchase of residential and non-residential geothermal heat pumps (GHPs). LSB, whose ClimateMaster subsidiary is North America's leading manufacturer of GHPs, noted...
By Malcolm, Wade The school district hopes heating and cooling costs at the new Western Wayne Elementary School will be dirt cheap - quite literally. That's because 80 to 90 percent of the 120,000-square-foot school's energy will be drawn from the earth's heat by plastic tubes about 100 feet underground. The device, known as a closed-loop geothermal heat pump system, isn't as complicated as it sounds. The pipes, coated with antifreeze, sit below the frost line, where the earth's...
Essential Innovations Technology Corp. (OTCBB: ESIV)(FRANKFURT: E6S) is pleased to provide this corporate update to its shareholders and the investment community at large. Stated Jason McDiarmid, President/CEO, "As it relates specifically to the sales revenues for our manufacturing subsidiary, Essential Innovations Corp. ('EIC'), we're very happy to report revenue growth of 94% for the 9 months ended July 31, 2008, when compared to the same 9-month period in 2007. As we look ahead to...
BOISE, IDAHO--(Marketwire - Aug. 27, 2008) - U.S. Geothermal Inc. ("U.S. Geothermal") (TSX:GTH)(AMEX:HTM), a renewable energy company focused on the production of electricity from geothermal energy, announced a corporate update, on business conducted at their Annual General Meeting ("AGM") and on the operating and development activities at their three main projects. The AGM was held on August 21st at the corporate headquarters in Boise, Idaho. All proposals submitted to shareholders for a...
By Anonymous Hundreds of geothermal systems are believed scattered across Maine, heating and cooling homes, businesses and public buildings via wells that plunge more than 300 feet below ground. Only six of the alternative energy systems are registered with the Maine Department of Environmental Protection as required under federal and state law, according to state officials. Now the state is trying to assess the risk posed by so many systems and impose some oversight without discouraging...
