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Energy

• Business, Energy

  Ormat turns in Strong Q4

  02.27.08 | Permalink | Comments Off on Ormat turns in Strong Q4

  Ormat reported revenues of $70.7M for Q4, up 6% from the prior year. More impressively, earnings doubled from $4.2M to $8.9M from the prior year. Details of operational performance are expected to be released at their earnings call scheduled for later today. Ormat’s stock closed at $43.82/share yesterday.

• Business, Energy

  Recent PPA Changes

  02.18.08 | Permalink | Comments Off on Recent PPA Changes

  Last week there were two interesting stories around power purchase agreements. In one, Western GeoPower backed out of its PPA with PGE and the Calpine/PGE PPA proposal. First, the standard agreement of PGE attempting to satisfy their renewable portfolio standard requirements and Calpine looking to get a post-bankruptcy win, the two companies announced that a […]

• Energy, Innovation, Technology & Science

  Shallow Survey Success

  02.15.08 | Permalink | Comments Off on Shallow Survey Success

  Here at MeV, we’ve been shallow temperature survey fans for some time, see the first article we wrote on the subject from the 2007 Stanford Geothermal conference. Well, this week, the Great Basin Center for Geothermal Energy is releasing information on the discovery of new geothermal resources by shallow temperature survey (and other confirming means.) […]

• Energy

  Nevada Geothermal, Ormat ink $20M deal

  02.14.08 | Permalink | Comments Off on Nevada Geothermal, Ormat ink $20M deal

  Yesterday Nevada Geothermal reached an agreement with Ormat to provide infrastructure for its Blue Mountain geothermal power plant. The agreement calls for a $20M fixed price procurement and construction plan under the guise of a “Limited Note to Proceed” agreement. After the characterization of the resources at Blue Mountain, this is another step toward commercialization […]

• Energy, Technology & Science

  Infinia scores some Green

  02.11.08 | Permalink | 1 Comment

  Stirling engine manufacturer Infinia closed a $50M series B investment with a veritable who’s who of funders including: Vinod Khosla’s Khosla Ventures, Bill Gross’ Idealab and Paul Allen’s Vulcan Capital. The firm intends to use the funding to accelerate the productization of their stirling engines attached to generators for use in large scale solar thermal […]

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