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Energy

• Business, Energy

  Ormat announces secondary offering

  10.24.07 | Permalink | Comments Off on Ormat announces secondary offering

  Ormat, the largest “pure play” geothermal company in the US, yesterday announced that it would place 3 million shares on the public market. This will increase Ormat’s outstanding shares to 41.13M and effectively dilutes current shareholders by 7.8%. Unsurprisingly, the stock price dropped yesterday nearly that same percentage and seems to be creeping up incrementally […]

• Business, Energy

  Geothermal Finance & Development Summit

  10.23.07 | Permalink | Comments Off on Geothermal Finance & Development Summit

  This event is upcoming November 14-16 in San Jose. Looking at the agenda, it is geared toward educating financial types about geothermal development and geothermal developers about financing options. The details of the event are available here. There is also a one day pre-session specifically on financing activities. If you’re in the Bay Area or […]

• Energy

  7.5MW well for Blue Mountain

  10.22.07 | Permalink | Comments Off on 7.5MW well for Blue Mountain

  Flow test of well 23-14 at Blue Mountain Last week, Nevada Geothermal Power announced the results of the flow test for their production well, 23-14, on the Blue Mountain property. The well tested out at 10MW gross power and 7.5MW net power when pump assisted and it produced from depths of around 1,000m (~3,300 feet) […]

• Energy, Innovation

  High-Resolution Aerial Images

  10.19.07 | Permalink | Comments Off on High-Resolution Aerial Images

  As we pursue our project, we’ve found that we needed high resolution aerial imaging to kick off the process. There are many companies out there that provide these services, but we chose GlobeXplorer due to instant delivery, product selection, price, and image quality. If you’re looking for aerial photographs, give them a try. Sample of […]

• Business, Energy

  Ormat up on takeover rumors

  10.18.07 | Permalink | 4 Comments

  Ormat up over 25% in past 3 months Over the past 3 months, Ormat (NYSE: ORA) market capitalization has increased to nearly $2B. The run up of the stock can be attributed to rumors that the company is considering some sort of takeover by private equity. The two names most closely connected to such potential […]

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