Substation Relay Protection Training
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 12 hours Instructor-led
- Group Training Available
US Geothermal Inc rose as much as 35 percent, Nevada Geothermal Power Inc gained 11 percent and Magma Energy Corp was up nearly 14 percent at one point on the Toronto Stock Exchange on recent news of money starting to flow again into this cash-hungry industry.
"There has been a string of good news out of the sector," said Jacobs Securities analyst John McIlveen.
"They were all down almost 50 percent since the start of year. Much of the rest of the clean energy sector has already made its move back up," he said.
Earlier, Ram Power Corp announced it had closed a $160 million debt financing for its San Jacinto-Tizate geothermal project in Central America.
That follows news of Enbridge's investment of up to $23 million in U.S. Geothermal's Neal Hot Springs project.
"There is no specific news for Magma however there has been a lot of good industry news lately," said Magma spokeswoman Alison Thompson. "I suspect that this is helping all of us," she said in an email.
In geothermal power production, hot water and steam from deep underground are piped up and used to drive turbines in plants that generate electricity.
The industry has experienced a rash of mergers and acquisitions as small companies have struggled to capital to develop their projects.
Related News
California electricity pricing changes pose an existential threat to residential rooftop solar
This Floating Hotel Will Generate Electricity By Rotating All Day
UK breaks coal free energy record again but renewables still need more support
As Alberta electricity generators switch to gas, power price cap comes under spotlight
Two new BC generating stations officially commissioned
WY Utility's First Wind Farm Faces Replacement
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue