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U.S. Geothermal Completes Second Successful Production Well at Neal Hot Springs Project

Stuart Smith (October 22nd, 2009) Writes:

VANCOUVER, BRITISH COLUMBIA–(Marketwire – 10/22/09) – U.S. Geothermal Inc. (”U.S. Geothermal”) (TSX:GTH)(AMEX:HTM), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced today that well NHS-5, the second full size production well at the Neal Hot Springs project located in eastern Oregon, was successfully completed on October 15.

NHS-5 encountered several lost circulation zones within the targeted horizon and intercepted a large aperture fracture at 2,796 feet resulting in a total loss of circulation. The well was completed to a depth of 2,896 feet. An initial 16 hour flow test completed using air lift produced fluid at a rate of 1,500 gallons per minute and resulted in a down hole flowing temperature of 286 degrees F (141 degrees C).

The reservoir-hosting fracture zone intersected in NHS-5 is 509 feet deeper in the geologic system than the large producing fracture intersected by NHS-1 which is

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U.S. Geothermal, Inc. CEO Interview: Daniel Kunz

Stuart Smith (September 23rd, 2009) Writes:

67 WALL STREET, New York – September 22, 2009 – The Wall Street Transcript has just published its Alternative Energy/Clean Energy/Power Generation/Utilities Report report offering a timely review of the sector to serious investors and industry executives. This 83 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Long Term Perspective on Alternative Energy Industry — Leading Indicators for Alternative Energy Components Companies — Mergers and Acquisitions in the Alternative Energy Industry — Break Even Business Fundamentals for Carbon Free Energy Providers — Development of Carbon Free Energy Production Infrastructure — NAT GAS Act — New Players in the Alternative Energy Industry — Solar Power Cell Manufacturers Market Strategy — Demand Response for Raw Materials for Solar Cell Production — Alternative

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U.S. Geothermal’s Neal Hot Springs Oregon Project Selected for Department of Energy Loan Program

Stuart Smith (May 26th, 2009) Writes:

BOISE, IDAHO–(MARKET WIRE)–May 26, 2009 — U.S. Geothermal Inc. (Toronto:GTH.TO)(AMEX: HTM) (”U.S. Geothermal”), a renewable energy company focused on the production and sale of electricity from geothermal energy, announced today that it has been selected by the U.S. Department of Energy (”DOE”) to enter into due diligence review on an $85 million project loan for its Neal Hot Springs project in eastern Oregon. The DOE loan is expected to provide 80% of the $106 million estimated total capital cost. Construction of a binary cycle power plant utilizing significantly improved technology is expected to begin in mid 2010. The new plant, designed to deliver 22 megawatts (”MW”) of power net to the grid, is scheduled to begin commercial operations in late 2011. The DOE loan is anticipated to be a combined construction and long term loan and provide the project with a low cost annual interest rate.

On February 26,

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Another Look at Geothermal Energy

Michael E. Brisky (May 2nd, 2009) Writes:
I've decided to do a follow up on Geothermal Energy. Back in December of '08 I did some research on the industry, which you can read here:br /br /a href="http://briskycapital.blogspot.com/2008/12/alternative-energy-look-at-geothermal.html"Alternative Energy: A Look at Geothermal/a.br /br /a href="http://briskycapital.blogspot.com/2008/12/more-news-on-geothermal-front.html"More News on the Geothermal Front/a.br /br /Since that point, we've seen economic pressures increase, and very recently (maybe) improve. The key to growth in the Geothermal, or any alternative energy for that matter, relies on a couple of key factors:br /br /1) strongPolitical will/strong. This means commitment of enticements (tax credits) or legislation requiring a switch (such as renewable portfolio standards).br /br /2) strongPrivate capital/strong.br /br /#1 is happening. The Obama administration had shown that they are not going to let the financial situation stop them from plowing through their agenda. This can be both good and bad, but politics aside, its good for alternative energy. For example: a href="http://www.google.com/hostednews/ap/article/ALeqM5iefPrJhVWg96r7HllsLMJF5ehNmwD97SA01G1"strongemEnergy Sec. announces ...

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