Alta-Rock acquires exclusive geothermal rights to 263,000 acres in Western Washington
Posted on September 2nd, 2008 by Lawrence Molloy
In an agreement with a major timber company, Alta-Rock has acquired the geothermal rights to 263,000 acres in Western Washington. While the full geothermal potential of these resources is not known, their proximity to the I-5 transmission corridor greatly favors their development compared to Eastern Washington geothermal resources. The full scope of lease rights extend to 650,000 plus acres in several western states.
The press release via EarthTimes is here
Note that the company is AltaRock Energy, not “Alta-Rock.”
Also, in an press release issued two weeks ago, the company says it closed $26.25 milion in private backing, including $6.25 million from Google, and $20 million from Khosla Ventures and Kleiner Perkins Caufield & Byers, Advanced Technology Ventures, and Paul Allen’s Vulcan Capital.
(See http://www.altarockenergy.com/AltaRockEnergy.2008-08-19.pdf)
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