AltaRock gets $25 million for Oregon project

Department of Energy grant comes in wake of shutdown at GeysersSAUSALITO –  AltaRock Geothermal and a partner will get a fresh infusion of nearly $25 million in stimulus money from the Department of Energy to develop an Engineered Geothermal System in Newberry, Ore.

It will be the second try for the venture-funded Sausalito startup. AltaRock was forced to suspend a demonstration project at the Geysers Steam Field when it encountered a rare, shifting layer of rock that wouldn't hold a shaft.

"We're still up there doing an analysis of the failure and learning what lessons it has to teach us," said AltaRock Chief Executive Officer Donald O'Shei.

Meanwhile, the company has partnered with Davenport Power in the Newberry Geothermal Resource Area in Oregon to launch a new demonstration project.

[caption id="attachment_16529" align="alignright" width="360" caption="A drill rig in Newberry, Ore., where AltaRock will attempt a new kind of fracture well and geothermal system"][/caption]


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