Friday, May 1, 2009

raser technologies

Raser Technologies' First Geothermal Plant -- Ribbon Cutting

Raser Technologies, a publicly traded company based in Provo, Utah, has developed a new method of harnessing lower-heat geothermal resources, inexpensively and rapidly. The ribbon-cutting on Nov. 6, 2008 celebrated the first plant they have completed, with eight other plants in various phases of construction.

Raser has contracted with United Technologies Corporation (UTC), which has been in the industrial air conditioning business for decades. With just a slight modification of UTC's air conditioning unit, essentially running it in reverse, rather than using electricity to produce cool air, Raser applies the earth's heat to generate electricity.

Hot water from deep underground reservoirs is pumped up through a well and ran through a heat exchanger, which contains a proprietary fluid that boils at much lower temperature than water does. That turns a turbine, which runs a generator to produce electricity. The cooled water is then pumped back underground, completing a closed loop. The vaporized heat exchanger fluid is cooled back down in the large cooling towers that can be seen in the background, behind the modules. Above-ground water is used in those evaporative cooling towers to assist in cooling the fluid.

Each PureCycle module by UTC produces 280 kilowatts continuously, with virtually no fluctuation, all day and all night, year after year. Like a nuclear power plant, this approach can provide base load electricity for the grid, except with no emissions; no pollution.

This 11 Megawatt net output power plant was built in just six months, from groundbreaking to the ribbon cutting ceremony on Nov. 6, 2008 -- an unheard of speed in the geothermal industry that usually would expect take five to seven years to produce a plant with this output. These innovations by Raser will allow for unleashing vast geothermal resources, competitively; potentially providing up to one third of all electrical needs in the U.S. and elsewhere in the world, via a clean, renewable energy source.

See our story about the ribbon-cutting at: http://pesn.com/2008/11/07/9501499_Raser_ribbon-cutting_new_geothermal_era/

See our feature page at: http://peswiki.com/index.php/Directory:Raser_Technologies_-_Geothermal_and_Waste_Heat_Harvesting

The company's website is: http://www.rasertech.com/geothermal_projects.html

Video Tags:geothermal, Raser, Brent M. Cook, Orrin Hatch, Gary Herbert, Utah, PureCycle, Sterling Allan, free energy

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Raser Technologies Rings Opening Bell at New York Stock Exchange (Business Wire via Yahoo! Finance)
PROVO, Utah----Raser Technologies, Inc. , a leading energy technology company, was invited by the New York Stock Exchange to ring The Opening BellSM at the NYSE today commemorating Raser's recent listing on the "Big Board" where it began trading in December 2008.

Raser Technologies develops 100MPG Hummer H3 just to spite Al Gore (Engadget)
That's right: last week at SAE World Congress, Raser Technologies unveiled a prototype Hummer H3 that gets 100 miles to the gallon. Insane, right? We agree. Raser partnered up with FEV to turn the famously non-environmentally sound gas guzzler around. The prototype boasts an E-REV power train engine, and three lithium ion battery packs under the rear of the vehicle. The batteries provide enough ...

Raser Technologies to Ring Opening Bell at NYSE (Business Wire via Yahoo! Finance)
PROVO, Utah----Raser Technologies, Inc. , a leading energy technology company, announced today that it will ring The Opening BellSM at the New York Stock Exchange on Friday, May 1, 2009, commemorating its listing on the Big Board where Raser recently began trading in December 2008.

Google news related to raser technologies

Raser Technologies Rings Opening Bell at New York Stock Exchange - Business Wire (press release)  “We are very pleased to be listed on the New York Stock Exchange, the world's premier market for publicly traded companies that offers greater access to global capital markets,” said Kraig Higginson, Chairman of Raser Technologies. ...

Raser Technologies to Ring Opening Bell at NYSE - Trading Markets (press release)  "To help celebrate this momentous occasion, we will bring our recently unveiled extended-range electric vehicle, the H3 Hummer E-REV," said Kraig Higginson, Chairman of Raser Technologies. "This vehicle is powered by Raser's E-REV powertrain and was ...

Rodman & Renshaw Starts Raser Technologies (RZ) at Market Perform - StreetInsider.com (subscription)  Rodman & Renshaw initiates coverage on Raser Technologies (NYSE: RZ) with a Market Perform/Speculative Risk rating. The firm said, "We believe RZ has 1) compelling geothermal resources and relevant technology that are well aligned with renewable energy ...

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