Geothermal Should Ride The Duck Curve
Meg Cichon As the geothermal industry limps along year after year, a utility insider strongly suggests that it changes its tactics. For years the geothermal industry has relentlessly boasted that it is a baseload resource, meaning it provides stable power similar to a coal or natural gas plant, except without all of those pesky carbon emissions. While upfront costs to develop a plant are higher than other renewable sources, geothermal leaders say that this baseload aspect makes it a more attractive resource in the long run since the grid needs more stable power as increasing amounts of...
U.S. Geothermal, Inc (AMEX: HTM)
US Geothermal, Inc. (AMEX:HTM) ) is one of only two pure-play geothermal power companies traded on US exchanges. The other is Ormat (NYSE:ORA), a vertically integrated company widely considered to be the industry leader. As baseload, extremely reliable power, Geothermal fits easily into utilities existing grids, making it a popular source of green power, especially with utilities uncomfortable with the intermittent and difficult to predict nature of wind and solar. Unlike wind and solar, the potential resource for geothermal power is quite small relative to electricity demand. At least until Enhanced Geothermal Systems (EGS) technology is commercialized,...
Ten Alternative Energy Speculations for 2008: Geothermal, Wind and Wave, and Thin Film Hype
This article is a continuation of my Ten Alternative Energy Speculations for 2008, with picks #8, 9, and10 published last Thursday. If you haven't already, please read the introduction to that article before buying any of the stock picks that follow. These companies are likely to be highly volatile, and large positions are not appropriate for many investors. My least risky picks are part of that same article linked to above; the moderately risky picks are here. This article contains the most speculative three picks. #3 Nevada Geothermal Power (OTCBB:NGLPF or Toronto:NGP.V) US$1.29 or CAD$1.26 Geothermal first started catching...
Ormat’s Enhanced Geothermal Project Now On Line
Meg Cichon Ormat's 21.8 megawatt Desert Peak 2 plant in Nevada. Photo Source: Ormat A major challenge for the geothermal industry is reducing the risk of its exploration and drilling phase – there is a 40-60 percent chance that each $5-7 million well is ultimately deemed unproductive. But that statistic may soon change. In what many in the industry are calling a game-changer, the nation's first enhanced geothermal system (EGS) to supply electricity to the grid came online last week. ORMAT's Desert Peak 2 project is producing an...
How Geothermal Heat Pumps Can Soar Like Solar
Tom Konrad CFA Geothermal Heat Pumps (GHP) are a niche market. They shouldn’t be. Disclosure: Long WFIFF, short LXU puts (a net long position.) A Better Mousetrap? Ralph Waldo Emerson never said “Build a better mousetrap, and the world will beat a path to your door.” The mousetrap that likely inspired the misquote was invented seven years after his death. Unfortunately, many people take it literally. GHPs have all the hallmarks of a better mousetrap: They do the job of heating and cooling a building more efficiently than any other option. Despite...
Clean Energy Stocks Shopping List: Landfill Gas and Geothermal
Stocks seem expensive now, but that may not last. Here are two Landfill Gas stocks and three Geothermal stocks I'm hoping to buy if the market falters. Tom Konrad, Ph.D., CFA This article continues my Clean Energy Stocks Shopping List series. So far I've brought you: Five clean transport stocks, I looked at why it makes sense to wait for better prices, Five Energy Efficiency stocks (always my favorite sector), and Five Electric Transmission Stocks. This article takes a look at two of the most economical clean electricity generation technologies, landfill gas and geothermal. Kilowatts from...
Ten Solid Clean Energy Companies to Buy on the Cheap: #10 United Technologies
Like most conglomerates, United Technologies Corporation (UTC), (NYSE:UTX) won't be found in any of the Clean Energy indices, but its growing portfolio of clean energy businesses makes it fit well into a diversified portfolio with a clean energy tilt. A conservative capital structure and solid earnings and cash flow, and a decades long history of constantly increasing dividends make this a company that I'm comfortable holding for the long term. In terms of sustainability, the company has been recognized by Dow Jones as in the top 10% of the world's most sustainable companies. Long before it became fashionable for...
List of Geothermal Stocks
Geothermal stocks are publicly traded companies whose business involves using the earth's heat energy for productive use, such as generating electricity and space and process heat.
This list was last updated on 10/27/2020.
Calpine Corp. (CPN) Bought out. No longer publicly traded.
Climeon AB (CLIME-B.ST)
Contact Energy Limited (CEN.NZ, COENF)
Enel SpA (ENEL.MI, ESOCF)
Energy Development Corporation (EGDCY)
Innergex Renewable Energy Inc. (INE.TO, INGXF)
Mercury NZ Limited (MCY.NZ)
NIBE Industrier AB (NIBE-B.ST, NDRBF)
Ormat (ORA)
Ormat Industries (ORMT.TA)
Polaris Infrastructure Inc. (PIF.TO, RAMPF)
If you know of any geothermal stock that is not listed here and should be, please let us know by leaving a comment. Also for stocks in the...
Ormat Technologies Receives the End Customer Final Approval for $16.9 Million Purchase Order for...
Ormat Technologies (ORA) announced that the customer rendered final approval of the Purchase Order valued at approximately $16.9 million, for the supply of 102 remote power units for Communications and Cathodic Protection along a pipeline on the Sakhalin Island in the Russian Federation, as described in the press release dated December 9, 2004, and the Purchase Order became a definitive agreement.
Nevada Geothermal Power Inc.: Geophysical Survey completed at Pumpernickel Geothermal Project, Nevada
Nevada Geothermal Power Inc. (NGLPF) reported the completion of a geophysical survey at the Pumpernickel geothermal project in Nevada. The project is managed by Nevada Geothermal Power Company (a subsidiary of NGP), as Exploration Manager. The final report is pending, however a preliminary assessment of the data shows that the survey successfully defined the contact between the valley fill and the basement rocks, and most importantly it established the positions of valley faults and their relationship to the geothermal system. The data showed a good correlation with the 2005 resistivity data. The combined data will aid significantly...
Colorado Voters Approve Amendment 37
Colorado voters have approved an amendment requiring utilities to get part of their electricity from the sun, wind or plant and animal waste. The amendment requires the state's seven largest utilities to get a portion of their retail electricity sales from renewables, beginning with 3 percent in 2007 and climbing to 10 percent by 2015. Four percent of the renewables should be solar sources.
When Will the Geothermal Power Slump End?
By Dana Blankenhorn 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 theory. Right now, the extraction of geothermal energy in the U.S. remains tied to Nevada and California, where the heat is close enough to the surface and in stable enough formations that a drill can reach it without the heat dissipating quickly. This has caused investors to sour on...
World Energy Solutions (XWES) and Ram Power (RPG.TO) Appear Promising
From Small Fries to Big Shots? Part 1 of 2 by Bill Paul Feel like rolling the dice on some small alternative energy stocks that appear to have big-time potential? Just remember: sometimes you roll snake eyes. First up: World Energy Solutions Inc. (Symbol: XWES), which currently trades on NASDAQ for $3 and change per share. Worcester, MA-based World Energy Solutions operates online exchanges for energy and green commodities, including the one administered by Regional Greenhouse Gas Initiative Inc. (RGGI), the regulatory scheme under which 10 Northeastern and Middle Atlantic states "cap" their power plants' emissions by requiring...
The Rodney Dangerfield of Cleantech
David Gold Wind turbines stand tall and mesmerize with their motion. Solar cells bask in the sparkling sun. Meanwhile, hidden down in the dark dirty underworld, a compelling technology sits quietly and gets no respect. Once installed it largely goes unseen and, it seems, it’s equally invisible in the world of clean technology press, venture funding and government R&D funding. Yet this technology provides some of the most intriguing economic returns available for reducing a building’s net energy consumption and I would welcome the right opportunity to fund an exciting business in this category. What is this Rodney Dangerfield...
Oil Money Needed for Geothermal Projects
By Dana Blankenhorn Despite America's leadership in geothermal the industry remains in the “and” category. As in, “solar, wind, tidal, biofuels AND geothermal.” It's an afterthought. (Picture from Evergreen State University.) Why are geothermal companies having to organize politically to gain crumbs from the capital table? The answer is pretty obvious, but no one seems willing to state it plainly. The oil industry is holding back. A recent Time Magazine article on renewables and oil investment makes it pretty plain. Total's bought into solar, Shell and BP into biofuels. Chile's state oil-and-gas company sold-out its geothermal interests...
Ormat Eyeing Storage M&A for Geothermal Projects
Jennifer Delony Reno, Nev.-based Ormat Technologies (ORA) is seeking mergers and acquisitions that will help the company enhance its geothermal projects with energy storage technologies, Ormat CEO Isaac Angel said on Nov. 4. “On the storage solutions side, we are progressing well,” Angle said during a 3Q15 earnings webcast. “I’m very optimistic that we will be able to add a lot of MW … and profitability to our existing power plants.” Angle said that he also is optimistic that the company will secure a deal soon that will initiate Ormat’s energy storage strategy. “We’re almost there,” he said....
