Google.org Invests $10.25 Million in Enhanced Geothermal Systems (EGS) Technology

Google announced today that it is investing $10.25 million (via Google.org) in an energy technology called Enhanced Geothermal Systems (EGS).  The specific investments are: AltaRock Energy, Inc. $6.25 million investment to develop innovative technologies to achieve significant cost reductions and improved performance in EGS projects. Potter Drilling, Inc.$4 million investment in two tranches, to develop … Read more

Vulcan Power Company Receives $145 Million Investment from Denham Capital

Vulcan Power Company, a Bend, Oregon-based company that is primarily focused on the development and operation of geothermal power plants, announced on July 28th that private equity firm Denham Capital will invest $145 million in newly issued preferred equity securities of Vulcan.  In addition, Merrill Lynch Commodity Partners, a principal investment fund of Merrill Lynch, … Read more