AltaRock demo; Ormat plant approved; Ram Power in Nicaragua; US Geothermal’s cash grant; Thanks to GEA members

GEA members are moving projects forward in Oregon, California, and Nicaragua.

AltaRock Energy: Newberry EGS Demo Moves Forward with Testing
Ormat Technologies: Casa Diablo Geothermal Project Approved for California
Ram Power: San Jacinto-Tizate Project Updated
US Geothermal: $33 Million Cash Grant Received for the Neal Hot Springs Project
Thanks to our Geothermal Energy Association Member Companies

AltaRock Energy: Newberry EGS Demo Moves Forward with Testing
On its blog dedicated to the Newberry EGS project in Oregon, GEA member company AltaRock Energy and its partners have provided an update on summer field work, which is now scheduled to begin for additional testing of the EGS well. “Compared to our field activities last summer and fall, the field work planned for 2013 is short and sweet, but it is critical to keep the Newberry Volcano EGS Demonstration moving forward,” according to the blog (Blog.newberrygeothermal.com). “These tests will help us better characterize the outcome of last year’s field operations and help us make decisions about future work at the site.” Injectivity testing, well logging, and water testing are all on the schedule to begin at the end of August.

Ormat Technologies: Casa Diablo Geothermal Project Approved for California
The BLM has approved Ormat’s Casa Diablo IV Geothermal Energy Project, located in Mono County, California. This is the first geothermal project to be approved on federal lands in California in 10 years. U.S. Interior Secretary Sally Jewel talked briefly during a speech Tuesday at the annual Clean Energy Summit about the project (Kolotv.com/). She said the approval of Casa Diablo project demonstrates a willingness by the federal Bureau of Land Management to cooperate with wind, solar and geothermal energy developers.

“In approving the Casa Diablo geothermal project, BLM is helping advance California’s goal of the state generating one-third of its electricity from renewable sources by 2020, and to bring desirable jobs to the Eastern Sierra region,” said BLM Bishop Field Office Manager Steve Nelson in a BLM statement (Blm.gov).

The CD4 project is approved for 33 MW of capacity, and Ormat anticipates it will be a 30 MW facility. The company stated: “Ormat commends the U.S. Forest Service and BLM for their hard work in pushing the CD 4 project through the fast track process. With their collaboration, we will now be able to move forward in development of the first geothermal project to be permitted on federal land in California in over 10 years. We’d like to extend our gratitude to the Bishop Field Office, Inyo National Forests and their essential team members who, through two-and-a-half years of commitment to this project, were able to achieve this success.”

GEA’s Executive Director Karl Gawell said in a statement: “We applaud Secretary Jewell for the announcement today reaffirming the Administration’s commitment to approve 20,000 megawatts of renewable energy production on public lands by 2020. With roughly one-half of the geothermal power produced today located on federal public lands, it is important for the Department of Interior to maintain a priority for leasing and permitting new geothermal power projects.”

Ram Power: San Jacinto-Tizate Project Updated
Press Release (RENO, NV) August 15 — Ram Power, Corp. (TSX: RPG), a renewable energy company focused on the development, production and sale of electricity from geothermal energy, is pleased to announce an update on the remediation drilling program at the Company’s San Jacinto-Tizate Project (the “Project”). As previously disclosed, the remediation drilling operations of wells SJ 6-1 and SJ 9-3 are being led by Sinclair Knight Merz (“SKM”), the resource consultant for the Company, in consultation with PENSA and Thermasource Inc. Drilling on both wells is expected to be completed by late November 2013.

WELL SJ 6-1
The Company completed its remediation program for well SJ 6-1 on August 14, 2013. The drilling operation successfully replaced 367 meters of damaged liner and perforated a 60 meter section of liner which had demonstrated increased temperature and permeability. Well SJ 6-1 is now shut-in and following a 4 to 6 week heat up period, will be tested and be put back online in late September or early October.

WELL SJ 9-3
The drilling rig has initiated moving from well pad 6 to well pad 9 for the remediation of well SJ 9-3. The Company anticipates drilling to commence on well SJ 9-3 in the next 10 days. The remediation program for well SJ 9-3 will result in the deepening and forking of the well. Following a heat up period, it is anticipated the well will be tested and placed back in service in late October 2013. In preparation for the remediation work, well SJ 9-3 was taken offline on August 14, 2013, which resulted in a temporary loss of power production of approximately 5 MW (net), bringing current production of the Project to approximately 46 MW (net).

In addition, the Company is currently evaluating remediation plans for two additional wells, SJ 6-2 and SJ 12-3. Further information will be disclosed at a future date upon the Company’s completion of its evaluation of these wells.

Antony Mitchell, Executive Chairman of the Company, stated, “I am pleased with the efforts put forth by SKM, PENSA and Thermasource on the first phase of our remediation drilling program. While the remediation of well SJ 9-3 has an immediate short term impact on production, we are confident in the remediation program resulting in an increase in the steam resource. ”

US Geothermal: $33 Million Cash Grant Received for the Neal Hot Springs Project
Press Release (Boise, ID) August 13 — (nyse mkt:HTM) CA:GTH +1.69% U.S. Geothermal Inc., a leading renewable energy company focused on the development, production, and sale of electricity from geothermal energy, announced today the distribution of the cash grant at the Neal Hot Springs geothermal power project.

As previously announced on April 13, 2013, U.S. Geothermal’s subsidiary, USG Oregon LLC, received a cash grant payment of $32,749,541 from the U.S. Department of Treasury for Specified Energy Property under Section 1603, Division B of the American Recovery and Reinvestment Act of 2009.

The cash grant funds have been held in a controlled account established by the U.S. Department of Energy as guarantor of the low interest rate loan provided by the U.S. Treasury’s Federal Financing Bank under the DOE’s Title XVII loan guarantee program, which was created by the Energy Policy Act of 2005. Proceeds of the cash grant were distributed in accordance with the loan agreement, with $11,870,137 of the proceeds being used to prepay the project loan, $11,167,473 of proceeds being used to fund a series of project reserves, and the balance of $9,711,930 being distributed as equity to the project owners.

After the loan prepayment, the remaining final loan balance is $70.4 Million. This loan has 21.5 years remaining with an aggregate fixed interest rate of 2.598%.

“We are very pleased to have qualified for and received the Investment Tax Credit Cash Grant from the U.S. Department of Treasury, and are glad to have those funds now released to us. Where the project initially qualified for a loan amount of $98 million, it has now been reduced to a total final loan of only $70 million.” said Mr. Dennis Gilles, Chief Executive Officer of U.S. Geothermal Inc. “We are also fortunate to have the benefit of such low cost debt for the Neal Hot Springs project for the next several decades.” Please visit our Website at: Usgeothermal.com

Thanks to our Geothermal Energy Association Member Companies
The Geothermal Energy Association thanks all the hardworking companies that are valuable GEA members, and is happy to welcome four new members this season. GEA staff member Becky Little notes that our new members have diverse portfolios, providing a range of consulting, research and development, and energy services: Full level member AltaRock Energy is a renewable energy development company that focuses on the research and development of Engineered Geothermal Systems. Mine-NRG is a small business member that utilizes existing mines to access geothermal resources for power generation. Small business member Roy Mink is a consultant who works with geothermal exploration and resource assessment, and is also involved with feasibility studies for geothermal and ground water supplies. Our newest addition is small business member John M. Phillips, an energy services company that provides a broad range of specialized equipment and services to the oil, gas, and geothermal industries.

The support of these organizations will continue to make GEA’s work possible, including: advocating for public policies that will promote the development and utilization of geothermal resources; forums for the industry to discuss issues, problems, and geothermal technology improvements; presenting industry views to governmental organizations; working to support the export of geothermal goods and services; compiling statistical data about the geothermal industry; and conducting educational and outreach projects.

Thanks to all of our diverse members for supporting geothermal energy:

Board Level members:
Calpine Corporation
Enel Green Power North America, Inc.
Gradient Resources
MidAmerican Energy Holdings Company
Northern California Power Agency
Ormat Technologies, Inc.
ThermaSource, Inc.
Terra-Gen Power, LLC
US Geothermal Inc.

Executive Level members:
Chadbourne & Parke LLP
Cyrq Energy, Inc.
Scientific Drilling International
Toshiba International Corporation

Full Level members:
A-T Controls, Inc.
Alternative Earth Resources Inc.
Ashland, Inc.
Atlas Copco Mafi-Trench Company
AltaRock Energy, Inc.
Baker Hughes
Bakersfield Pipe and Supply, Inc.
Bob Lawrence
Campbell Scientific, Inc.
Cameron
Cryostar
Davenport Newberry Holdings LLC
Domenic J. Falcone & Associates
DOSECC Exploration Services, LLC
ElectraTherm, Inc.
EnergySource
Geotemps, Inc.
Geothermal Development Associates
Geothermal Resource Group
GeothermEx
Holland & Hart
Hydro Resources
ING Capital LLC
Locke Lord LLP
Magee Geophysical Services, LLC
NV Energy
Patagonia Financial Holdings
Paulsson, Inc.
PB Power
Perkins Coie LLP
POWER Engineers
PW Power Systems, Inc.
Rain for Rent
Ruen Drilling, Inc.
SAIC
SNC-Lavalin Constructors Inc.
Snohomish Public Utility District#1
Stoel Rives LLP
TAS Energy, Inc.
Thermochem, Inc.
University of Nevada Great Basin Center
US Water Services
Van Ness Feldman, PC
Vooner FloGard Corporation
Webco Industries, Inc.
Well Analysis Corp
Western Cultural Resource Management, Inc.
Wilson Sonsini Goodrich & Rosati
Wood Group Field Services

Small Business members:
Adams Valves, Inc.
Agua Caliente (AMG National Bank)
Almar Professional Land Services, Inc.
Alterra Power
American Cargoservice, Inc.
AMSA, Inc.
Baird Hanson LLP
Bowman Geothermal, LC
Capuano Engineering Company
Cornell Energy Institute
Cornerstone Sustainable Energy, Inc.
Dewhurst Group
Drill Cool Systems, Inc.
Earth Power Resources, Inc.
EGS, Inc.
Energy 5.0
EvapTech, Inc.
FOI Group LLC
Gemini Enterprises, Inc.
GeoMechanics Technologies
GeoTek Energy LLC
Global Power Solutions, LLC
Grupo Dragon
Horizon Well Logging, Inc.
Industrial Cooling Solutions, Inc.
Jim Ray Co., Inc.
John M. Phillips
Kelly Pipe Co., LLC
KMS Technologies-KJT Enterprises Inc.
Kodali, Inc.
Maarky Thermal Systems
Mine-NRG, Inc.
Roy Mink
Mitsubishi Power Systems, Inc.
Naknek Electric Association, Inc.
Panorama Environmental
Precise Propellant Stimulation, LLC
Southern Methodist University Geothermal Lab
T & T Bit Service, LLC
TBA Power, Inc.
Torishima Pump Mfg. Co., Ltd
US Renewables Group

If you don’t see your company here listed please contact Becky, becky@geo-energy.org. To learn more about GEA membership and to become a member, visit Geo-energy.org/membership.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s