By Ariel Schwartz •
November 7, 2008
Raser Technologies announced this week that it has completed construction of a plant on top of one of the United States’ largest geothermal hotbeds to be discovered in over 25 years—so large that Raser believes it could power one third of all homes in Utah.
By Ariel Schwartz •
August 7, 2008
College students are demanding sustainability efforts in their schools, and now universities are stepping up to the plate. This past Tuesday, the Oregon Institute of Technology outlined a plan to build a $7.6 million geothermal power plant on campus. The plant will become the sole power source for the school in a few years, making Oregon Tech the only university to be powered completely by geothermal energy.
Since Klamath Falls, the home of Oregon Tech, sits near a fault line, heat and energy can be easily taken out of the earth.
And Oregon Tech isn’t the only institution to take advantage of the abundant geothermal energy in the area.
By Ariel Schwartz •
July 13, 2008
After six years of research, Raser Technologies will deliver geothermal energy to the city of Anaheim, California. The geothermal generator, which is located in Beaver County, Utah, will produce 10 megawatts of energy, or enough to power 9,000 homes. It should be completed by October. Anaheim’s new energy source will put it on the fast track to reaching 20 percent of its total energy needs through renewable energy by 2012.
The Raser geothermal model is much more consumer-friendly than previous models, as it operates at the relatively low temperature of 165 F. And a lot is riding on its success. According to Merrill Lynch’s managing director of corporate finance Roy Piskadlo, “The success of this project will be important, because with this new low-temperature technology, the range of potential commercial sites is much wider.”
