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|Articles - November 2010|
|Thursday, October 21, 2010|
The ongoing construction of a $124 million geothermal plant near Neal Hot Springs was made possible by a $102 million Department of Energy loan this summer, the largest of its kind given to a geothermal project in the country. The DOE investment and other proposed government incentives are making geothermal development in the state more feasible after years of complications from large overhead costs and environmental concerns.
Oregon’s string of extinct and active volcanoes is a monument to the rich pockets of geothermal energy buried hundreds of feet below the earth. However, most of these pockets are “blind resources,” located in undetermined areas that require exploratory drilling to determine if a given area has the right geology as well as high enough water temperature and pressure for profitable energy production — a process that costs millions and has led to dead ends in the past. Even if a suitable pocket is found, the overhead costs are still large. “It’s like buying 30 to 40 years of coal, and a plant,” Portland-based energy consultant Al Waibel says.
Like U.S Geothermal’s plant near Neal Hot Springs, geothermal development at Glass Buttes in Southern Oregon is located near hotspots with a past of exploratory drilling. It is also located near Sage Grouse breeding grounds, prompting the conservation group Oregon Natural Desert Association (ONDA) to unsuccessfully appeal the lease of the Glass Buttes area for geothermal development last year. Despite the sensitive areas, ONDA actively works with geothermal companies to find compromises such as buffer zones between wildlife areas and construction sites. “Not every project should be wiped off the list,” says Liz Nysson of ONDA.
Despite environmental concerns and exploration costs, the potential is there. Canadian company Nevada Geothermal Power (NGP) received a $1.8 million DOE grant in January to explore the Crump geyser near Lakeview and claims it has the potential to produce 30 megawatts of energy, similar to the Neal Hot Springs site. Next year, NGP may have even more incentive to push ahead thanks to the Geothermal Energy Investment Act of 2010, legislation introduced by U.S. Sens. Mike Crapo, R-ID, and Ron Wyden, D-OR, in September. Geothermal producers currently get a tax credit of 10% of power produced. The bill would increase that to 30% through 2016.
With such initiatives under way, prospects for geothermal energy in the state are bright. “Long-term costs are extremely low,” Waibel says, “It’s ‘on’ 24 hours a day.”
Friday, December 12, 2014
BY LINDA BAKER
A conversation with Oregon state economist Josh Lehner.
Thursday, December 04, 2014
BY DEBRA RINGOLD | OP-ED CONTRIBUTOR
How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?
Tuesday, January 27, 2015
Power Lunch at the Imperial.
Wednesday, January 07, 2015
BY LINDA BAKER | OB EDITOR
The Oregon Business Plan Leadership Summit drew more than 1,000 people to the Oregon Convention Center yesterday.
Monday, January 26, 2015
BY LINDA BAKER
The 2014 Bend Venture Conference set a record for the most cash, investments and prizes awarded at an angel conference in the Pacific Northwest. Investments in the six winning companies exceeded $1 million. The 11th annual conference was hosted by Economic Development of Central Oregon.
Friday, January 23, 2015
BY DAN COOK | PHOTOS BY JASON E. KAPLAN
A real-estate developer and a Lithia Motors executive aim to revamp the city's forlorn downtown.
Saturday, December 13, 2014
Checking in with the managing director of Arnerich Massena.
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The official launch will be Jan. 14.
In a switch on the traditional trade show, representatives from UO departments and local and state agencies will host tables to connect with businesses and vendors. The fourth Reverse Vendor Fair will take place Wednesday, Feb. 25, in Eugene.