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Bjork Rocks Iceland Into Probing Magmas HS Orka Acquisition

Bjork, Fighting Canadian takeover of Iceland's geothermal resources. When a story combines sizzling-hot steam generated from deep inside the earth’s core and Bjork, the iconic Icelandic singer, you’ve got something special.

U.S. Geothermal Secures $102M DOE Loan Guarantee

Boise, Idaho-based U.S. Geothermal, given it meets certain conditions, secured a $102.2 million Department of Energy loan guarantee supporting the construction of its 22 megawatts Malheur County project in Southeastern Oregon.

Utah Geothermal Developer To Launch Construction of 15 MW Power Plant

Provo, Utah-based  Raser Technologies tells GER that it’s planning to start construction on its $80 million, 15-megawatt Lightning Dock project in New Mexico in the next couple of months.

Vulcan Power Raises $108M from Boston PE Fund

Vulcan Power Company, a Bend, Ore., developer of geothermal energy projects, has raised $108 million in private equity funding from Denham Capital, an energy-focused investment firm. Vulcan plans to use proceeds to finance the development of its 300- megawatt project pipeline in California, Oregon …

Report: Energy Department to Impose New Rules for Geothermal

The U.S. Department of Energy is taking steps to prevent earthquakes caused by drilling for geothermal projects, according to a report in The New York Times. The move comes weeks after AltaRock Energy abandoned its Geysers project near San Francisco because of concerns …

AltaRock Energy Shuts Down California Geothermal Project

Utility-scale geothermal, or taping heat deep inside the earth’s core to generate large amounts of clean and reliable electricity, sounds like a great idea but it seems more and more like an impossible feat. Yesterday, the New York Times reported, that AltaRock Energy, …

Swiss Geothermal Project Shut Down Because of Quake Threat [UPDATE]

Swiss authorities have shutdown a geothermal project, poised to generate electricity by tapping heat from the earth’s core, after studies determined the project could trigger earthquakes and cause millions of dollars of damages to area properties each year. The utility-scale geothermal project was …

GE’s Energy Financing Unit Provides $50M Credit Facility to Indonesia Geothermal Developer

The Wayang Windu power station, Indonesia GE Energy Financial Services, the energy financing unit of General Electric, is financing the expansion of a geothermal power plant in Indonesia via a $50 million credit facility. The loan is part of a larger $282 million …

Geothermal Jobs Likely to Surge With Renewable Energy Standard

According to the Renewable Energy Policy Project in? Washington,? geotermal? could make up about 9 percent of the 850,000 plus jobs created by the Renewable Energy Standard proposed in the clean energy bill recently approved by the House. The standard would require utilities …

Magma Energy IPO Starts Wave of Geothermal M&A

The C$100 million ($88.7 million) initial public offering this month of Canadian geothermal developer Magma Energy has kickstart a wave of consolidation as companies seek to create scale in a sector poised to benefit from significant government fundings. On Wednesday Reuters reported that …