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Archive for May, 2009

Rhode Island Offshore wind farm likely to be out of sight

Posted by johnio78 on May 30, 2009

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Areva (PinkSheet: ARVCY) Multibird’s series production: An ambitious growth path

Posted by johnio78 on May 30, 2009

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CoalSlack Energy Inc Convert Coal Into Smokeless Char, Oil, & Gas

Posted by johnio78 on May 29, 2009

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U.S. GEOTHERMAL’S (AMEX: HTM) NEAL HOT SPRINGS OREGON PROJECT SELECTED FOR DEPARTMENT OF ENERGY LOAN PROGRAM

Posted by johnio78 on May 29, 2009


U.S. Geothermal Inc.
U.S. Geothermal, announced today that it has been selected by the U.S.
Department of Energy (“DOE”) to enter into due diligence review on an $85 million project loan
for its Neal Hot Springs project in eastern Oregon. The DOE loan is expected to provide 80% of
the $106 million estimated total capital cost. Construction of a binary cycle power plant utilizing
significantly improved technology is expected to begin in mid 2010. The new plant, designed to
deliver 22 megawatts (“MW”) of power net to the grid, is scheduled to begin commercial
operations in late 2011. The DOE loan is anticipated to be a combined construction and long
term loan and provide the project with a low cost annual interest rate.

On February 26, 2009 U.S. Geothermal submitted an application for the Neal Hot Springs
project to the DOE’s Energy Efficiency, Renewable Energy and Advanced Transmission and
Distribution Solicitation loan guarantee program under Title XVII of the Energy Policy Act of
2005. The company was notified that its project application is complete, the power plant
technology choice qualifies as new or improved under the program, and the project has been
selected to proceed in the project loan process.

The renewable energy is expected to be sold under a long term power purchase agreement that is
currently under advanced negotiations.

“Another critical milestone in the development of our project at Neal Hot Springs has been
achieved and provides us with access to a source of low cost capital”, said Daniel Kunz, CEO
and President of U.S. Geothermal. “As we enter into due diligence with the DOE on this
important $85 million loan we can now work to complete the balance of the project requirements
necessary to construct an advanced and highly efficient geothermal power plant.”

U.S. Geothermal also announced today that it made a regular annual grant of compensation
options pursuant to its Stock Option Plan to directors, employees and consultants to acquire
1,795,000 shares in capital of the company. The options are exercisable at a price of US$0.92 per
share for a term of 5 years expiring May 26, 2014. The options will vest pursuant to the schedule
included in the company’s Stock Option Plan.

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Ormat (NASDAQ: ORO) Taps Into Geo-Thermic Volcano Energy In Indonesia

Posted by johnio78 on May 26, 2009

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Maine task force to identify offshore wind energy sites

Posted by johnio78 on May 26, 2009

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Geoglobal Energy Chile (GGE) discovers large geothermal field in Chile

Posted by johnio78 on May 25, 2009

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Coal gasification is gathering steam

Posted by johnio78 on May 25, 2009

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Orecon Signs Landmark Deal With Eneolica for 4.5-MW Wave Farm in Portugal

Posted by johnio78 on May 23, 2009

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WindSim, Offshore Wind Energy Innovators Initiate Strategic Partnership

Posted by johnio78 on May 22, 2009

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