Ormat Technologies

The Board of Directors for publicly-owned utility Imperial Irrigation District (IID) has approved a 20-mile transmission upgrade project.

After months of analyzing data collected from an exploratory well and securing project partners, Raser Technologies Inc. (RZRI.OB) is ready to move forward with its New Mexico geothermal power project; the company has

United States based global market research firm, MarketsandMarkets (M&M) has released a report predicting the global geothermal energy market direct use and power generation capacity will reach 120,300 MW by 2015.

Ormat (NYSE:ORA) and Nevada Geothermal Power Inc. (OTC BB: NGLPF) have announced an agreement to a joint venture, which would see the companies develop geothermal power plants in Oregon.

If geothermal power achieves its potential to become a significant contributor to the economy’s transition from fossil fuels to cleaner power, the best performers among these pure-play publicly traded companies will make their shareholders a lot of money: Ormat Technologies, Inc. (NYSE:ORA), Ram Power Corp. (TSE: RPG), Magma Energy Corp. (CVE:MXY), Nevada Geothermal Power Inc. (OTC:NGLP), and U.S. Geothermal Inc. (AMEX: HTM). 

New legislation has Ormat Technologies (NYSE:ORA) excited about exploring Alaska's "substantial" geothermal power potential.

Say the words energy and the Middle East in the same sentence, and what immediately comes to mind is oil, the finite resource responsible for a significant amount of greenhouse gas emissions.