Bend-based Vulcan Power will start building its first power plant within the year.
Vulcan Power Co. is set to start building its first power plant within the year in Nevada, with other projects in the works for California, Arizona and Washington.
The Bend-based geothermal energy company received a $108 million boost from Denham Capital to begin the drilling.
The company was scheduled to start new drilling near Patua Hot Springs, east of Fernley, Nev., this week, with construction of a 60-megawatt power plant projected to begin in January, said Bob Warburton, Vulcan’s acting CEO.
Founded in 1991, Vulcan holds leases on about 170,000 acres of federal and private land in five states, giving it one of the largest portfolios of geothermal properties in the nation, according to the Geothermal Energy Association, an industry group.
Read the full story at The Bulletin.
{biztweet}Vulcan Power Nevada{/biztweet}
