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ormat

Nevada to up geothermal production by 25 percent

Nevada, already the second largest producer of geothermal-generated electricity in the U.S., is set to increase its power production by 25 percent.

The state is getting three new geothermal plants thanks to a $350 million 20-year loan guarantee from the Department of Energy to geothermal company Ormat Technologies.

The Ormat Geothermal Project will consist of three separate geothermal power-generation facilities--one each in Jersey Valley in Pershing County, Tuscarora in Lander County, and McGinness Hills in Elko County.

All three installations when fully operational will produce enough electricity to power about 88,000 homes annually, according to Ormat Technologies, the … Read more

Google eyes Israeli geothermal firm Ormat

Google is in discussions with Israeli geothermal company Ormat Technologies, a relationship that could lead to an investment, according to Haaretz.

The Israeli newspaper quoted an interview this past weekend with Google co-founder Sergey Brin, who praised Ormat and the other Israeli companies working in alternative energy. Google co-founder Larry Page also visited an Ormat geothermal plant in Nevada, the newspaper reported.

Brin refused to say whether there are any imminent deals with Israeli energy companies.

Google's philanthropic arm, Google.org, has pledged to invest hundreds of millions of dollars in clean-energy companies. Last week, it was one of … Read more