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Department of Energy Announces up to $70 Million to Advance Technology and Reduce Cost of Geothermal Energy

In support of President Obama's goal of generating 80% of the country's electricity from clean energy sources by 2035, US Department of Energy Secretary Steven Chu today announced the availability of up to $70 million in new funding over three years for technology advancements in geothermal energy to accelerate development of this promising clean energy resource.

Islandsbanki releases 3rd annual U.S. Geothermal Energy Market Report

In continuation of its research activities in geothermal energy globally, Islandsbanki (formerly Glitnir) is issuing its third annual US Geothermal Energy Market Report.

Making Geothermal More Productive - U of Utah Institute to Run $10.2 Million Study in Idaho

University of Utah researchers will inject cool water and pressurized water into a "dry" geothermal well during a five-year, $10_2 million study aimed at boosting the productivity of geothermal power plants and making them feasible nationwide.

Raser Technologies is Named One of 50 Most Innovative Companies by Fast Company Magazine

Raser Technologies, a leader in geothermal power generation, today reported that Fast Company magazine chose it as one of the fifty "most innovative companies" for 2009 in its annual selection of the Fast Company 50.

UTC Power System at New Mexico Greenhouse is First Geothermal Plant Operating in State

UTC Power, a United Technologies Corp company, today announced that the first two production units of its PureCycle geothermal power system installed in July and early August at the Burgett Greenhouse in Animas, New Mexico, are exceeding performance expectations.

Raser Announces Two Additional Geothermal Projects

Raser Technologies, Inc announced today that it has initiated the development of two additional geothermal projects.

Geothermal Energy Gains Momentum in India

With its expertise in renewable energy, Nordic bank Glitnir has teamed up with Bhilwara Group to develop geothermal energy projects in India and Nepal.

PG&E Seeks Approval for New Geothermal Energy Contract

Pacific Gas and Electric Company announced today that it is seeking approval for a 175 Megawatt (MW) geothermal power purchasing agreement with Calpine Corporation.

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