Magma Energy (TSX: MXY) wins two concessions in Nicaragua

Magma Energy Corp. is pleased to announce that Magma Energy Corp. and Ram Power Corp.’s wholly owned subsidiary, Polaris Geothermal Inc. (“PGI”), have jointly won an international bid for two geothermal concessions known as “Volcán Mombacho” and “Caldera de Apoyo” in Nicaragua. Future exploration of the concessions will be made pursuant to a joint venture agreement, where PGI will be the operator, with each company contributing equally to project costs.

The Caldera de Apoyo concession is 10 km south of Masaya and 10 km west of the colonial town of Granada. The Volcán Mombacho concession is located 10 km south of Granada. The total area for these exploration concessions is 100 km2 per concession. The requirements of the concession are approximately US $50 million to be spent by the joint venture to define the potential of these resources. Exploration is programmed to start on both concessions during the first quarter of 2010 for completion within 27 months. Preliminary studies indicate reservoir temperatures reaching above 220°C.

Enhanced Oil Resources Inc. (TSX-V: EOR) Announces Joint Venture with GreenFire Energy for development of a CO(2)-based Demonstration Geothermal Power Plant near St. Johns Dome

Enhanced Oil Resources Inc. announces a joint venture agreement with GreenFire Energy (GreenFire) to
evaluate the potential for CO(2)-based geothermal power production (CO(2)G(TM)) from the St Johns Dome area, located in Apache County, Arizona and Catron County, New Mexico. The agreement calls for the construction of a demonstration plant that will utilize supercritical carbon dioxide from the
dome to drive a demonstration geothermal power facility to be located nearby. The demonstration project is expected to commence in 2010 with the drilling of up to four deep wells to access high heat crystalline rock underlying the dome. The construction of the demonstration plant will commence during 2011
and will initially be sized for 2 megawatts and will require up to 5 million cubic feet per day of CO(2) at a purity of 95% for a period of at least 2 years. If the demonstration project is successful, modular commercial-scale plants, each with a generating capacity of approximately 50 megawatts may be
built nearby. At maximum potential build-out using natural CO(2) from the St. Johns Dome, the joint venture may have a generating capacity of 800 megawatts and may require up to 500 million cubic feet of CO(2) per day for up to 25 years.

The region in which the St. Johns Dome is located contains six major coalfired power plants that collectively emit about 90 million tons of CO(2) per year. If a carbon tax is enacted, then the most economic way for these power plants to sequester their carbon may be through CO(2)-based geothermal energy production at the dome. As the CO(2) is cycled through the rock, a portion of it is sequestered into the surrounding geologic materials. The power generated by the geothermal plant can then drive the carbon capture
technology, which is energy intensive, at the coal-fired power plants. Potentially, over 3,000 megawatts may be generated at the dome using anthropogenic CO (2).

The St. Johns Dome area is considered to be in an optimal location at which to develop CO(2)-based geothermal energy. This is due to its combination of a large volume of low cost natural CO(2), the likely presence of a thermal reservoir underlying the region and a local connection into the power grid.
As power plants around the world begin implementing carbon capture and sequestration, many additional sites for CO(2)-based geothermal energy projects may become available.

BioPower Systems to develop wave energy projects with Spain’s Elecnor

Australia’s ocean energy company, BioPower Systems, today announced that it had signed a Memorandum of Understanding (MOU) with the Spanish Global Project Development Company Elecnor SA.

The MOU establishes a process for the two companies to work towards agreements for
development of wave energy projects using BioPower’s proprietary bioWAVE™ technology in
Elecnor’s core business regions; Spain, Portugal and South America.

The bioWAVE™ system is designed to supply utility-scale grid-connected renewable energy
while being out of view, and without affecting marine life. The unique system sways in tune
with the forces of the ocean, and naturally streamlines when extreme conditions prevail,
leading to cost-competitive lightweight designs. Multiple bioWAVE™ devices, each with a
capacity of 1MW, are designed to be installed in undersea wave energy farms, where the
combined power output is then supplied to the on-land grid via subsea cable.

The rest of the article can be read at BioPowerSystems.com

Iceland Bank Focusing On U.S. Geothermal Growth

By Vivi Gorman (GreenandSave.com)

Íslandsbanki’s ‘Sustainable Energy’ team provides development support by connecting industry and investors with the different divisions and product groups within the Bank. As it has done for the last two years, Íslandsbanki participated in the 2009 Geothermal Energy Expo….

The rest of the article can be read at GreenandSave.com

SMU to share blueprint for generating geothermal electricity from oil and gas wells

By Physorg.com

SMU’s renowned Geothermal Laboratory will share the blueprint for generating geothermal electricity from waste water produced by oil and gas wells at a conference on the Dallas campus Nov. 3-4. Late registration is available at check-in Nov. 3.

The rest of the article can be read at Physorg.com

Coal to liquid gets big

By Edward Peeks (The Charleston Gazette)

Fortunately for West Virginia and the U.S. coal industry, New York-based TransGas Development Systems LLC (TGDS) stepped up with a plan on the heels of the SES letdown. TGDS proposed to build a $3 billion coal-gasification plant in Mingo County’s new energy park near Gilbert.

The rest of the article can be read at WVGazette.com

Canada’s first CTL project still possible

By Amanda Strydom (Mining Weekly)

Canadian alternative 
energy supplier Alter NRG’s first coal-to-
liquids (CTL) project has slowed significantly owing to the economic slowdown.

The rest of the article can be read at MiningWeekly.com

Japan investing in electricity and geothermal energy in Indonesia

Think GeoEnergy

According to a recent article by the Jakarta Post, Japan will invest in sectors like electricity and geothermal energy in Indonesia, so the Head for Asia and Oceania Finance Department of Japans Bank for International Cooperation (JBIC).

The rest of the article can be read at ThinkGeoEnergy.com

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the

By Green Car Congress

MIT/RAND Study Concludes Three Types of Alternative Jet Fuel May Be Available in Commercial Quantities Over the the next decade: Jet A derived from Canadian oil sands and Venezuelan Very Heavy Oils (VHO); Fischer-Tropsch (FT) jet fuel produced from coal, a combination of coal and biomass, or natural gas; and hydrotreated renewable jet fuel (HRJ) produced by hydroprocessing renewable oils.

The rest of the article can be read at GreenCarCongress.com

Shoshone Nation building geothermal plants

Northwestern Band of the Shoshone Nation

Alternative Energy embodies the Tribal directive: “To Renew and Sustain.” Shoshone Energy has become a national leader in renewable energy, with an emphasis on geothermal energy, developing hundreds of megawatts in geothermal energy ….

The rest of the article can be read at NWBtechnology.com