U.S. Geothermal (TSX: GTH) (NYSE MKT: HTM) said July 2 that USG Oregon LLC has accepted the Facility Substantial Completion certificate for the 22-MW Neal Hot Springs Project in Oregon.
The certificate of Substantial Completion was received from TAS Energy on June 17 and approval was granted by USG Oregon on June 27. Under an Equipment Supply Agreement, TAS Energy provided three innovative, high-efficiency modular energy systems that generate about 22 MW (net) of power, which is being sold to Idaho Power under a long-term sales agreement.
Achieving the Substantial Completion milestone required, among other things, passing an integral 7 day reliability test. The reliability test required all three modules to operate continuously for 7 days while generating a minimum of 97% of the designed power output.
“We are very excited to have completed this significant milestone. Since initially synchronizing these units to the grid in the 4th Quarter 2012, there has been a tremendous amount of work associated with optimizing the plant performance by the teams from TAS Energy and U.S. Geothermal, and their efforts are very much recognized and appreciated,” said Dennis Gilles, CEO of US Geothermal.
“Collaborating with the US Geothermal team in bringing our innovative ORC technology to the geothermal industry has been a rewarding experience for the TAS Energy team and we are equally excited that our customer has achieved this important milestone,” said J.T. Grumski, CEO of TAS Energy.
U.S. Geothermal is a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy and is operating geothermal power projects at Raft River, Idaho, San Emidio, Nevada and Neal Hot Springs, Ore. The company is developing El Ceibillo, an advanced stage, steam geothermal prospect located near Guatemala City, the largest city in Central America.
TAS Energy designs and manufactures modular energy conversion and cooling systems for the power generation industry; district, commercial and industrial process cooling; mission critical; and the renewable energy sector. TAS specializes in high efficiency standard product designs for the geothermal and industrial waste heat power generation markets, gas fired generation augmentation, chilled water systems, modular data centers and clean heat and power on-site energy systems.