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........
Doesn't seem like this was posted yesterday.....along with the good AFCEA news.....here is another good conference for WYY to get noticed....in the hope of getting more business......
"In association with the UK Cabinet Office and PSNGB, the industry association for PSN suppliers, the PSN Summit is attended by senior figures from Central Government, Local Government, and the National Health Service. The key theme of the summit will be the implications of PSN for public service transformation and efficiency cost savings. Soft-ex will be presenting Optimiser TDI, an advanced online Telecom Data Intelligence (TDI) and Telecom Expense Management (TEM) hosted solution, which can provide centralised telecom intelligence to the Cabinet Office and Central Government Organisations, and visibility to all individual Local Government departments/offices on their telecoms usage and spend for fixed, mobile and data, enabling improved control, efficiencies and cost savings.
Ian Sparling, CEO at Soft-ex, commented, "We are delighted to be attending this summit and sharing our expertise with key figures from the UK Cabinet Office and Local Government. Our solutions deliver a centralised portal with advanced analytics to better manage and control government telecoms spend and efficiencies, not to mention infrastructure optimisation."
Steve Komar, CEO of WidePoint stated, "Soft-ex has recently been included as a key supplier in the G-Cloud 5 framework by the UK Government. Our presence in the PSN Summit further validates us as a lead supplier in the UK public sector space and mirrors our strength and growth strategy in the U.S. in working with key government organizations and their support elements."
Suggest everyone watch the video... it is excellent...from tid-bits of info..... "the power-line being close to the CA site".....one could speculate HTM is going to build on the Geyser site, instead of just selling the steam.....what do others think?
or just google this "Top 100 Emerging Growth Microcaps 2014" then go to the second page you will find the interview.... hope that helps.....
Big expressive word there, but I do see her point....
Egregiously" meaning..extraordinary in some bad way; glaring; flagrant:
by Debra Fiakas on June 6, 2014
The ability to generate cash flow is vital for a growing company like US Geothermal. Over the last three years the company has spent an average of $16.5 million annually on capital investments. The company has also been acquisitive. Most recently the company bought the Ram Geysers project in Sonoma County, California for $6.4 million in cash. Ram Geysers has five completed wells available for immediate production near 30 megawatts of total steam assuming 25% of the geothermal liquid is re-injected back into the reservoir.
US Geothermal management thinks they got quite a bargain in the Ram Geyser’s deal. The Ram Power subsidiaries had already invested over $90 million in the project, implying that US Geothermal paid seven cents on the dollar for the capital investment value. Once the company’s development plans have been carried out it seems likely the Ram Geyser’s will make a strong contribution to return on assets
Good rewind, will be waiting for Part III.
So would say US Geothermal is "Egregiously Undervalued?"....Debra thinks it is.
And it is about time. CO2 like mercury, cadmium, ..... is a pollution, clean it up. Those that complain about lost of jobs, just do ot get it. It will cost millions of lives in the future, if CO2 isn't controlled. There will always be other jobs.
Sounds like a good Lalapalooza for our HTM. Get teh word out to the general public, and the interest in HTM will grow, along with the SP.
"In what the DOE hopes will “change America’s energy portfolio" and accelerate the geothermal industry, NGDS aggregates state geological surveys from across the country into an organized information hub. This data includes more than 650,000 well logs, 530,000 borehole temperatures, and 1.7 million oil, gas, water and geothermal well headers from all 50 states."
Hey welcome back marko.. did you brig your namigirl friend with you?
Ayhow, would think HTM hits your buck fifty this time around, and beyond...
And a story on Geyser.. more intrinsic value....when will HTM see a buck... with this comment and the bill... one might think Mr. Gilles will be building two new plants....
"ROBBIE HUNTER: Consider geothermal energy in climate crisis"
By ROBBIE HUNTER / CONTRIBUTING WRITERS
Published: May 29, 2014 Updated: 6:27 p.m.
The economic impact of geothermal energy can’t be ignored. The Geysers is huge — collectively, it supports approximately 375 skilled, local, full-time jobs as well as over 150 contractor positions. Calpine Corporation at The Geysers is the largest taxpayer in Sonoma and Lake counties, contributing millions of dollars each year to our local economies. Calpine’s two new projects could create an additional 19 new, full-time jobs.
By building two new geothermal power plants, The Geysers could provide close to another 100 megawatts of clean energy to Northern California. Construction would also create around 200 local jobs and feed the local economy during the more than two years it would take to build them.
Importantly, all the necessary permits for construction have been approved by state and local agencies and a Project Labor Agreement for both plants has been executed. Now, it’s state legislators and regulators that must act — and soon, before the permits expire.
As conversations evolve at the State Capitol and the California Public Utilities Commission about the policy reforms needed to achieve energy and environmental goals beyond 2020, I urge them to consider how to create a more level playing field for geothermal energy.
Friday, May 30, 2014 12:20 am
"A bill that would require California utilities to add geothermal energy to their resources portfolio has cleared the state Senate floor and is on its way to the Assembly
Senate Bill 1139 was approved by a vote of 21-11 on Wednesday. The bill, authored by state Sen. Ben Hueso and co-authored by Assemblyman V. Manuel Pérez, initially required California’s public utilities to procure up to 500 megawatts of electricity from geothermal power plants by 2024. It was amended to exclude publicly owned utilities, and now applies to Sempra Energy, Southern California Edison and Pacific Gas and Electric Company, the state’s three investor-owned utilities."
It has to give a little intrinsic value to HTM, one would think.
Thanks for the info wrenn.... always good to keep up on the competition.
Pretty impressive presentation today, and it certainly sounds like Gilles is still out looking for acquisition. From the rhetoric, it does seem like Geyser was a good deal, so another smaller Ram deal might make sense.
Nice pop today, and would guess HTM is out of the fifties for good, but I thought that before.