Ormat: A New Geothermal Play in Recovered Energy Generation
Dana Blankenhorn submits: Of all the energy harvesting technologies out there, geothermal remains the most maddening. In theory there should be more than enough energy below our feet to power our world and it should be cost-competitive for a fraction of the investment needed in wind or solar.
In fact, geothermal power in the U.S. is confined to a narrow band of Nevada and California. Reno has become a geothermal hub, and the boom there seems to have busted. Even industry leader Ormat Technologies(ORA) has more plants in the area of recovered energy generation [REG] than geothermal. Tom Konrad likes Ormat for its technology, especially its Ormat Energy Converter [OEC], which he calls the “gold standard” in this space. An REG plant takes the unused energy from some other industrial process and turns that heat into electricity in the same way it would use Earth energy. It's not as green asComplete Story »