by TECHSTAR on DECEMBER 29, 2008 - 1 Comment in ENERGY
Associated Press in PROVO — Within months of discovering a massive geothermal field, a small Utah company had erected and fired up a power plant — one example of the speed with which companies are capitalizing on state mandates for alternative energy. It is not know whether individuals could be doing the same thing on a smaller scale.
Anticipation of new energy policies has sparked a rush on land leases as companies like Raser Technologies Inc., based in Provo, lock up property that holds geothermal fields and potentially huge profits. (more…)