Geothermal energy isn't a new concept in the United States; it's actually been around for some time, with numerous geothermal power plants in California, Nevada and a few other western states," says David Fessler.

The contributing editor to Money Morning explains, "There are new plants on the drawing board, too. Unfortunately, the recession has stifled the construction progress on many of them. But all that's about to change.

"Thanks to a few key technological developments -- and a big cash infusion from the government -- the stars are aligning to produce the perfect storm for this super-green energy source.

Continue reading Ormat (ORA): Powered Up over Geothermal

Ormat (ORA): Powered Up over Geothermal originally appeared on BloggingStocks on Tue, 16 Feb 2010 13:20:00 EST. Please see our terms for use of feeds.

"Zero greenhouse gas emissions, 90% average availability as a power source, minimal land requirements and competitive costs: those are just a few of the advantages of geothermal power," explains Roger Conrad.

In his leading-edge New World advisory, he looks at one favorite play on the sector: Ormat Technologies (NYSE: ORA), which operates a dozen geothermal plants worldwide.

"Geothermal's chief disadvantage is geographical limitations to large-scale applications. Geothermal plants are mainly economic in areas of subsurface or volcanic activity.

Continue reading Ormat (ORA): Investing in geothermal power

Ormat (ORA): Investing in geothermal power originally appeared on BloggingStocks on Tue, 28 Apr 2009 13:30:00 EST. Please see our terms for use of feeds.