In what is becoming a routine occurrence, Raser Technologies announced that it has secured another 9,889 acres of geothermal leases in Central Utah. That brings the total leased acres up to 28,091. Raser has entered into an agreement with UTC Power for 135 PureCycle binary power units. The next thing to see in the development cycle is a power purchase agreement. While immediate details of these properties are not available, transmission access will be a big hurdle to clear as well.

This entry was posted on Thursday, April 26th, 2007 at 8:56 am and is filed under Geothermal.