Yes, saw that as well wrenn, certainly worth making note of. As was your comment earlier on lower oil prices reducing drilling cost, did not think of that benefit to HTM right away. One can bet Gilles knows, and will take advantage of the situation, to reduce costs of any extra water wells. It certainly does seem, things are picking up for HTM.
1.4.stock, thanks a lot for the Gmap links. I.4.1, appreciated the effort....Always nice to know where things are located. Looked before and could not find that plant site...appears I was looking in the right area.
By making people pay the true cost of burning fossil fuels.....this pumping stored CO2 out of the ground and it into the air is pollution, a byproduct of combustion, just like particulates, and should be captured or recycled somehow. But what do we care, those poor souls in future generations can pay for it, and they should be darn happy so much was burnt it in the name of "progress," which they are now "benefiting" from our current pollution and mass consumption to extremes, because of cheap fuels, due to not paying full price for burning it.
Oh well, you asked.....It is the reason Natural Gas and all fossil fuels are so cheap, not paying the full price for burning the stored carbon.
thanks allen and others for the decent comments, but still hate these ymb sites, those red thumbs have gotta go.
Appears Gilles knows what he is doing, Federal money available..."Millions" says Reid......has gotta be good for HTM....but still think the SP sucks, for now.
Reid Statement On Senate Passage Of The Government Funding Bill
“This bill is also very important for Nevada. It provides zero funding for the Yucca Mountain project, maintaining the project’s status as terminated. It reauthorizes the Travel Promotion Act, which promotes international tourism to popular destinations like Las Vegas and Lake Tahoe. The legislation provides $7.8 million for a new Environmental Protection Agency facility in Las Vegas. And it will bring millions to Nevada for geothermal energy, for conservation programs to help water levels at Lake Mead and to upgrade facilities and maintenance at Fallon Naval Air Station and Nellis Air Force Base.
Hope it works out....cause I would not know, only know the SP sucks.
U.S. Geothermal Completes Acquisition of Earth Power Resources
"successfully completed the previously announced acquisition of Earth Power Resources ("EPR") on December 12, 2014. Under the terms of the Agreement, EPR was merged with and into U.S. Geothermal. A total of six hundred ninety-two thousand seven hundred sixty-nine (692,769) shares of U.S. Geothermal stock"
Thanks for the post. Just what is it going to take to move the SP above a buck? There is just so much good stuff about this company it is surprising how it stays so low.
1---This could really help kick start the Geyser site...
"Underground energy debate powering up" By Morgan Lee6:40 A.M.AUG. 26, 2014Updated10:19 A.M.
California lawmakers may decide this week whether San Diego County utility customers must underwrite a new fleet of geothermal power plants.
The proposed legislation requires the state’s major investor-owned utilities, including San Diego Gas & Electric, to collectively contract 500 megawatts of electrical generating capacity from new geothermal power plants anywhere within California over the next decade, enough electricity to supply some 300,000 homes.
2) Looks like Rare Earth is back in the news...
"Northwest Researchers Work To Boost Geothermal Power" Aug. 24, 2014 | Northwest Public Radio
McGrail and fellow researcher Shane Addleman are trying to increase geothermal’s revenue stream by extracting rare earth metals from a liquid brine that’s pumped through geothermal systems. The brine is already a part of the process to produce power.
A pool of geothermal brine. Rare earth metals “are very important materials that impact a whole spectrum of different industries,” McGrail said.
Those industries include manufacturers of wind turbines, LED light bulbs, computers, and cell phones.
McGrail said profits from selling these metals could bring in extra cash for geothermal plants.
3) Finally and most importantly... an SA article....just being facetious
Geothermal Power Producers - Lowest Levelized Cost, Base Load Compatible And A 100-Year History
Aug. 26, 2014 9:02 AM ET |
parto, they looked at water. It just cost to much to pump a lot of water. It was cheaper to take the loss in the summer, ...and it isn't that much of a gain from water in the summer when you think of it...only another small percent... and then in the winter they would not need it.... so dead money in the winter.. no pay back.....
Thanks stingray, I just google around every week or so, on stocks I own to see what I can find. Amazing the stuff one can find these days. Beats the old days when you pretty much had to rely on company PRs.
HTM certainly has a lot going for it, but it always sad how the stock price just gets manipulated. As noted before, it is the flippers and computer generated traders that make the money these days. Need to learn the flipping techniques.
Looking forward to the Q2 and the CC. I am sure Gilles is upto something, cause it is obvious he is not sitting on his laurels.
And more good stuff....
It all sounds good to me....."Three Geothermal Bills Look to Speed Up US Development"
Leslie Blodgett, GEA
July 31, 2014 | 1 Comments
On Tuesday, July 29, there were two hearings in U.S. Congress subcommittees that are significant to the geothermal industry. A House subcommittee discussed three bills, with two specifically relating to geothermal development, while a Senate subcommittee looked at permitting needs.
And a picture ....U.S. Geothermal Permitting and Lands Manager Scott Nichols and BLM Renewable Energy Team Leader Ray Brady on the morning of legislative hearings that could affect geothermal development. Photo: GEA
"The U.S. House Subcommittee on Energy and Mineral Resources (of the Committee on Natural Resources) covered three bills. In his opening statement, Subcommittee Chairman Doug Lamborn referred at length to current setbacks for geothermal that could be improved with legislation. “The geothermal NEPA review process requires over 175 document sets for each project,” the Chairman explained. “This is not 175 required documents — but document sets — which equates to hundreds or even thousands of pages of documents for one project. These requirements are significant setbacks and lead to extremely long delays in geothermal production.”
Senate Committee on Energy July 29, 2014 Submitted by Scott Nichols, Manager of Permitting & Lands For U.S. Geothermal Inc........
The geothermal industry is using environmental baseline evaluations proactively to determine whether an area is suitable for development and to avoid resource conflicts. Unfortunately proactive environmental evaluations and avoidance policy cannot circumvent processes mandated by NEPA. Support for specific exclusions and more defined regulations is found under two existing sections of the BLM’s CFR’s. 43CFR §3201.11 requires that the BLM will not issue leases for Lands where the Secretary has determined that issuing the lease would cause unnecessary or undue degradation of public lands and resources. 43CFR §3261.12 requires an applicant’s operating plan to include the items specified and “you must submit any other information that BLM may require.”
Our overwhelming experience is that management decisions are now driven by lawsuits, attorneys and the Office of General Counsel combined with a need for more data and longer evaluation periods. Documentation has become more important than good science. Environmental protection along with healthy plant and animal communities, clean water and air are the basis of our need for renewable energy. In order to accomplish that goal in a reasonable time and under reasonable costs it is incumbent upon our elected leadership to mandate the regulatory changes that will to provide flexibility for renewable energy developments that also provide streamlined, measureable, performance based requirements for out federal resource managers to work within.
Looks like Mr Gilles will be talking.....will be waiting around with Marko and others, to hear what he has to say.....
Speakers Announced for Geothermal Resources Council Annual Meeting
September 28 - October 1, 2014 Oregon Convention Center Portland, Oregon USA
Speakers Announced for Geothermal Resources Council Annual Meeting
Portland, Oregon, USA) The Geothermal Resources Council (GRC) has announced more details of events at the world's largest annual geothermal conference, the GRC Annual Meeting & GEA Geothermal Energy Expo, held this year at the Oregon Convention Center in Portland, Oregon, September 28-October 1, 2014.
The speakers at the Opening Session of the GRC Annual Meeting on Monday morning, September 29 includes major names in the international geothermal community and regional and national politics: Juliet Newson, President of the International Geothermal Association Board of Directors; Oregon Senator Ron Wyden; Oregon Congressman Greg Walden; Oregon Governor John Kitzhaber; Pat Reitan, CEO, PacifiCorp; Isaac Angel, CEO, ORMAT; Dennis Gilles, CEO, US Geothermal; Rachel Shimshak, Executive Director, Renewable Northwest; Carl Stills, Energy Manager, Imperial Irrigation District; David Olsen, California ISO Board of Directors; Louis Capuano Jr., GRC president, and Craig Mataczynski, Geothermal Energy Association president.
Not into fracking, but I guess if helps HTM, will use it....
Geothermal Industry Grows, With Help From Oil and Gas Drilling
SAN FRANCISCO — Geothermal energy — tapping into heat deep underground and using it to produce power — is sometimes described as a forgotten renewable. It languishes in the shadows of better-known sources like wind and the sun, and in 2011 it accounted for less than 1 percent of electric power worldwide, according to last year’s World Energy Outlook.
Yet the geothermal industry is growing, if slowly, and proponents hope that new technologies — including tie-ins with drilling for oil and natural gas — will bring further gains. Last year, the amount of electric power capacity available from geothermal resources grew about 4 percent to 5 percent globally, according to a report released in April by the Geothermal Energy Association, which is based in Washington. The United States remains the world’s leader in the use of geothermal energy for electric power, followed by the Philippines, Indonesia and Mexico, according to the report.
Not a bad article in the Idaho Statesman, might have stimulated some buys yesterday, now the sellers are in control again today... Some nice stuff on our good buddy Mr Kunz....
Now in the black, the Boise company is looking to add to its energy portfolio
He took overseas trips he'd had no time for in 23 years as an executive at California energy company Calpine Corp. He tinkered with his 1967 Ford Mustang at his home in Sonoma County. But drinks by the pool got old. He was bored.
So Gilles accepted a position in 2011 on the board at U.S. Geothermal, a tiny company in Boise.
"I was still antsy, still feeling I had a lot to contribute," he said. "I was well known and well connected in the geothermal world. I wasn't done by any means."
Less than two years later, Gilles succeeded co-founder Daniel Kunz as U.S. Geothermal's CEO.
The groundwork was already laid for the company to turn its first profit in 11 years when Gilles took over in 2013. Now, Gilles says he plans to build U.S. Geothermal into a large-scale power company.
and then moving on down. Always a bummer how these stocks are manipulation. It is as if the little investor has no chance of getting in on the flippers fun of cashing in.
Never left marko just hanging low waiting for the good life to begin. Company is certainly on much more solid footing then last year, and the year before, and the year before.... In other words, things are improving. Looking forward to Q2 and the CC to follow.
Mr Kosh, I have been lecturing my friends, and everyone else to get in while the get is good.
Will take anytime of exposure.. and this one looks good, and hopefully there is more to come in the future, and from Gilles. The SP sure has been encouraging as of late....
Alternative is "IN"....
"Why now? It is increasingly getting harder and harder to avoid the topic of climate change, so tapping a constant source of power that will generate little if any greenhouse gases is becoming hard to overlook, especially with so much uncertainty regarding the fate of nuclear power in this country. Therefore, rather than using more coal to offset rising natural gas prices, we should be tapping geothermal power. "
Nice uptime Gilles, with all the activities going on....
Appears HTM is building a plant on Geyser site.
"Transfer of the recently acquired Western GeoPower Geysers assets and associated documentation from Ram Power has been completed. We applied for a 12 month extension for the Sonoma County Conditional Use Permit to construct the 26 megawatt power plant, and it was approved on June 12. This provides the time needed to make a decision on the development plan. An application was also made to the Sonoma County Air Quality Board for a permit to conduct flow tests on the four production wells drilled in 2009. The Air Quality permit was approved on June 19th."
Looks like Gilles is into growing the company......
"MERGERS AND ACQUISITIONS
Our focus on M&A activities remains very active. As noted previously, during the first half of this year we completed the acquisition of the Western GeoPower Geysers project. Additionally during this same period we also completed the acquisition of the lease positions associated with the Vale Oregon development project (separate from our Neal Hot Springs project). We have one acquisition where we have agreed to terms and are finalizing documentation, and if completed we would expect to announce later this summer. We have also completed our initial due diligence and have offers pending on a few other opportunities, and are in active due diligence on several other excellent opportunities as well. We are optimistic that several of these will come to fruition. We also continue to evaluate other strategic growth opportunities."
Guess I will be hanging around for awhile longer........