Atlas Copco recognized; Ormat Technologies secures greenfield project in Indonesia; POWER Engineers earns U.S. patent; US Geothermal’s work with DOE

GEA members Atlas Copco, Ormat Technologies, POWER Engineers, and US Geothermal are featured this week. Atlas Copco has been included in the Dow Jones Sustainability Index for the third consecutive year. Ormat is set to develop up to 60 MW at the Hu’u Dompu greenfield geothermal site in Indonesia. The U.S. Patent and Trademark Office has awarded POWER Engineers, Inc. a patent for an innovative heat recovery method for geothermal. U.S. Geothermal has seen success working through the Department of Energy’s loan guarantee program.

Atlas Copco: Company Included in Dow Jones Sustainability Index for Third Consecutive Year
Ormat Technologies: First U.S.-Indonesia Geothermal Project To be Developed Following President Obama’s Asia Pacific Comprehensive Energy Partnership Announced in Indonesia
POWER Engineers: Innovative Heat Recovery Method Earns U.S. Patent
US Geothermal: Company Sees Success with DOE Loan Guarantee Program

Atlas Copco: Company Included in Dow Jones Sustainability Index for Third Consecutive Year
Atlas Copco Press Release (COMMERCE CITY, Colo.) October 10 –– The Atlas Copco Group (Atlas Copco AB) [a GEA member] has been included in the Dow Jones Sustainability Index for the third consecutive year.

“Sustainable productivity lies at the heart of Atlas Copco’s commitment to innovation and growth,” said Jim Levitt, president, Atlas Copco North America LLC. “We continually strive to increase productivity in ways that make a positive impact on society and the environment and we are honored to be included in the Dow Jones Sustainability Index again in 2013.”

Inclusion in the sustainability index is based on annual company assessments and comparison to industry peers. Key factors in this review include management of opportunities and associated risk that are derived from economic, environmental and social developments. Corporate governance and strategy, as well as key performance indicators like emission and waste, are also taken into consideration.

Earlier this year, Atlas Copco was named a “Leader” in the FTSE4Good Index, which measures globally recognized corporate responsibility standards in environmental, social and governance practices. Atlas Copco is also a member of the prestigious Top 100 Global Sustainable Companies and is ranked one of the world’s most ethical companies by the Ethisphere Institute.

In 2013, Forbes magazine listed Atlas Copco among the world’s 100 most innovative companies for the third year in a row.

Ormat Technologies: First U.S.-Indonesia Geothermal Project To be Developed Following President Obama’s Asia Pacific Comprehensive Energy Partnership Announced in Indonesia
Press Release (Reno, Nev.) October 8, 2013Ormat signs contract to develop up to 60-megawatt Hu’u Dompu greenfield geothermal project in Indonesia — Ormat Technologies Inc. (NYSE: ORA) announced that it has signed an agreement for the development of the Hu’u Dompu project in Indonesia. The agreement was signed today in the presence of Penny Pritzker, Secretary of Commerce for the U.S. Department of Commerce. President Obama’s U.S. Asia Pacific Comprehensive Energy Partnership (USACEP) is encouraging U.S. companies to develop renewable energy in South East Asian countries, including Indonesia. Ormat will develop the project through the project company Pacific Geo Energy (PAGE). The Hu’u Dompu greenfield geothermal project is located in West Nusa Tenggara Province on Indonesia’s Sumbawa Island, and may be developed for up to 60 megawatts (MW) in three phases over the next six years.

“President Obama has made it very clear that the United States is deeply committed to deepening our commercial and economic ties in the Asia-Pacific. Part of increasing our engagement in the region will be achieved as U.S. and Asian businesses work together on projects that benefit both of our economies,” said U.S. Secretary of Commerce Penny Pritzker. A joint project like this represents a clear win-win for our bilateral commercial relationship with Indonesia, and demonstrates the opportunities that exist in the world’s fastest-growing region for U.S. companies to not only sell their goods and services but share their expertise and drive development in high-priority areas like clean energy.”

Ormat’s greenfield development experience combined with extensive knowledge of the Indonesian geothermal market brings significant value to meeting USACEP goals. In addition, the Hu’u Dompu geothermal project will benefit from Ormat’s phased approach to greenfield development, unique exploration tools developed in the U.S., flexible power plant technology, operational experience and knowledge base provided by the U.S. subsurface industry.

Under the terms of the agreement with the initial developers, Ormat will hold a 90 percent stake in the project, while the remaining 10 percent will be held by the current owners of PAGE, PT Trimatra Energy and PT Bima Transindo Persada. PAGE obtained the geothermal license for the project, which entitles it to a power purchase agreement price of ¢9.65/kWh.
Dita Bronicki, chief executive officer of Ormat said, “As the first greenfield development for Ormat in Indonesia, we are pleased with the opportunity that this project presents. Together with our new local partners and the support from U.S. and international sources, we’re hopeful that this prospect will be a successful source of renewable sustainable and affordable energy to Sumbawa Island.”

The development of the Hu’u Dompu geothermal project will contribute significant economic value to the U.S. industrial sector and support valuable domestic U.S. jobs in renewables. Through the various phases of exploration, development and construction, U.S. export content will be sourced from states stretching coast-to-coast including California, Nevada, Minnesota, Wisconsin, Massachusetts, Iowa and South Carolina. An estimated 530 U.S. jobs will be created or retained throughout project development. Upon completion, the Hu’u Dompu geothermal project will save 500,000 tons of carbon dioxide emissions each year of operation.

This project supports the goals of the USACEP, which was launched by President Obama and the leaders of Indonesia and Brunei to improve the region’s ability to provide energy for its citizens. The Partnership aims to drive investment and facilitate progress through four key regional priorities: encouraging the use of renewables and cleaner energy, developing cross-border connectivity, promoting the greater use of natural gas, and addressing rural electrification issues and energy efficiency.

POWER Engineers: Innovative Heat Recovery Method Earns U.S. Patent
The U.S. Patent and Trademark Office has awarded POWER Engineers, Inc. a patent for an innovative heat recovery method that recovers energy from hot geothermal fluids and converts the energy into electricity. “The POWER approach partitions the two species of fluids—the non-condensable gases and the condensable water/vapor fraction—so that energy can be harvested from each fluid type in an efficient and appropriate way,” POWER’s Senior Project Manager Kevin Wallace was quoted on Powereng.com, PDF.

US Geothermal: Company Sees Success with DOE Loan Guarantee Program
An article on Idahostatesman.com highlights GEA member U.S. Geothermal for its success working with the Department of Energy through the department’s loan guarantee program, a program that once had a sullied image when its partner company Solyndra, a solar company, went bankrupt. But the controversy allowed the geothermal company to prove its worth: “Because of the political controversy, DOE did additional reviews of U.S. Geothermal’s loan and the investments of its partner Enbridge. Each review showed a clean slate. Idaho’s congressional delegation supported U.S. Geothermal, which estimates that 95 percent of the new Oregon plant’s infrastructure and parts were U.S.-made,” according to the article. Company official Doug Glaspey, who is also a GEA Board Member, told press the technology makes lower-temperature geothermal areas economically viable and adds 15% to the efficiency of previous systems. The article is quoting from GEA’s media advisory at the 2013 GRC Annual Meeting and GEA Geothermal Energy Expo; for additional coverage of that event, see this week’s Geoenergist.wordpress.com.

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