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Raser Technologies' First Geothermal Plant -- Ribon Cutting - The ribbon-cutting on Nov. 6, 2008 celebrated the first plant they have completed, with eight other plants in various phases of construction.
The U.S. Department of Energy notified the company last week that the project - adding 46 megawatts of power capacity - qualifies for the loans. Now the company's application is moving ahead for possible financing under a federal program that encourages new energy technologies.
June 11, 2009 — Raser Technologies, Inc. announced today it will showcase its plug-in hybrid electric vehicle, the Electric Hummer H3E, at the Western Governors’ Association Annual Meeting in Park City, Utah.
Raser Technologies and development partner FEV Inc. of Auburn Hills, MI, a leading automotive integrator, unveiled the demonstration vehicle at the SAE World Congress in Detroit on April 20, 2009. The hybrid Hummer is designed to achieve the equivalent of 100mpg for a typical daily drive of about 60 miles. The Extended Range Electric Vehicle (E-REV) can travel about 40 miles on batteries, after which a four cylinder 2.0L Ecotec gas-powered engine kicks in to supply the traction motor and re-charge the batteries. The Hummer has a range of about 400 miles.