"There's only one jack rabbit per 100 square miles," Higginson said when he talked about the states of Nevada, Utah, New Mexico and Arizona. According to him ; "There's a gold rush for geothermal leases, but fortunately we rushed early." Although the industry has been around for a long time in recent years it has gotten a real boost from the renewable energy industry growth spurt. There are already many mature players in the market including Chevron and Ormat Technologies. Raser Technologies hopes to join these firms soon with the first plant opening in 2008. The company hopes to bring 100 MW online in 2008 with 150 MW in each of the following years with its modular geothermal power plants.
For additional information:
http://www.rasertech.com/geothermal.html
