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Raser Technologies (NYSE:RZ) announced today that it has completed final preparations needed to transmit power to the city of Anaheim beginning as early as next week. The launch date was extended while the local utility in Utah completed the installation of the SCADA equipment needed to monitor transmissions on the grid. Raser has already been supplying about 3.5 megawatts (MW) of sustained power generated at the plant to the local utility while final preparations were completed. Raser plans to ramp up the amount of power delivered to Anaheim over the next few weeks.

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While the spotlight has certainly been on Raser Technologies (NYSE: RZ) geothermal energy segment in recent months, the company is beginning to show the public that a one trick pony it is not. Read the rest of this entry »

In a BusinessWeek article set to reach subscribers on February 9, journalist Capstone Investments energy analyst Adam Adelman boldly states that Raser Technologies Inc. (NYSE: RZ) stock is worth $7. That reiterates Capstone’s $7 “BUY” rating that accompanied their initiation of coverage on Raser’s stock back on December 22, 2008. The article is also available in today’s online edition of BusinessWeek.

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Fortune’s Series entitled “The Business of Green” featured Raser Technologies’ Chairman, Kraig Higginson, to discuss geothermal’s rise in the energy sector. 

The Fortune news piece, which can be found here… (choose the video clip on the right entitled “Geothermal goes full steam ahead”) is not only excellent exposure for Raser but a very informative look at Geothermal energy as a whole.

While much of the segment was filmed on the location of Raser’s newly built Utah plant with Mr. Higginson, Fortune also conducted interviews with Joseph Moore PhD, a researcher at the University of Utah and Mr. Gary Herbert, Lt. Governor of Utah.

It was many years ago that Jimmy Carter had solar panels installed on the white house roof and offered tax credits to Americans using solar energy.  Ronald Reagan, in a somewhat thumb-his-nose at prior administration maneuver, had the solar panels removed and the tax credits eliminated.  While Reagan probably assumed he was squashing frivolous spending, it goes to show how long we have seen renewable energy as our next step in environmental evolution. 

Coming full circle, the army now plans to acquire 4,000 electric vehicles for non-combat use on military bases (and potentially even replacing all non-combat cars which number in the 30,000’s). Read the rest of this entry »