Raser Technologies Inc., a leader in geothermal power generation, on February 18 reported that Fast Company magazine chose it as one of the 50 “most innovative companies” for 2009 in its annual selection of the Fast Company 50.
In describing how the Fast Company 50 was selected, editor Robert Safian said, “Each company…illustrates the power and potential of innovative ideas and creative execution. These are the kinds of enterprises that will redefine our future and point the way to a better tomorrow.”
The article highlighted Raser’s innovative new geothermal plant in Beaver County, Utah: “What makes the plant unique is that Raser can generate zero-emissions electricity using water that’s scarcely hotter than a cup of coffee, opening up previously unusable (and far more common) low- to medium-temperature geothermal resources.”
The magazine noted that “Raser developed and built the Utah plant in under a year, reducing construction time from the more typical five or seven years and slashing capital costs, which have historically accounted for about half the expense of a large new power plant.”
Raser CEO Brent Cook said, “We are proud to have been named one of the 50 most innovative companies. We are pleased with this tribute to Raser’s ability to use more readily available geothermal resources and to build new plants economically, thus making clean, geothermal energy price competitive and expanding the nation’s potential energy supply.”
To see the Fast Company article, follow the link below.
http://www.fastcompany.com/fast50_09/profile/list/raser-technologies
About Raser Technologies
Raser Technologies is an environmentally focused technology licensing and development company operating in two business segments. Raser’s Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology and Raser’s Symetron technology developed internally by its Transportation and Industrial Technology segment. Raser’s Transportation and Industrial Technology segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser’s award-winning Symetron technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications.
