Chevron re-enters U.S. geothermal market

By Dorothy Davis 

Energy major Chevron (NYSE:CVX) has announced its re-entry into the U.S. geothermal power market, reports Renewable Energy World blogger Ian Crawford

Chevron Vice President of Strategy and Renewable Energy Investment, Gregg Rotenberg, delivered the news Tuesday at the Opening Session of the 36th Geothermal Resource Council Annual Meeting in Reno, Nevada. 

Rotenberg outlined Chevron has been examining geothermal opportunities in the U.S. for some time and is most interested in pursuing partnerships on projects of 10 MW or more rather than sole endeavors. 

It was also revealed that Chevron has already been investing in U.S. geothermal projects, such as taking the role of silent partner in the financing of EnergySource’s 49.9 MW Hudson Ranch 1 power plant in California commissioned this March.

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