News

Puna Geothermal Venture 15 years celebration

Alexander Richter 11 Dec 2008

Puna Geothermal Venture (PGV) celebrated yesterday 15 years of producing renewable geothermal electricity on Hawaii Island with a luncheon. The parent company of PGV is Ormat Technologies, Inc., headquartered in Reno, Nevada.

Puna Geothermal Venture (PGV) celebrated yesterday 15 years of producing renewable geothermal electricity on Hawaii Island with a luncheon. The parent company of PGV is Ormat Technologies, Inc., headquartered in Reno, Nevada.

“In operation since 1993, Puna Geothermal Venture delivers about 30 megawatts of baseload renewable energy to Hawaii Electric Light Company on a continuous basis, providing nearly 20 percent of the Big Island’s electricity needs. The only commercial geothermal power plant in the state, PGV is located in Puna District in Kilauea Volcano’s East Rift Zone. State-of-the-art technology generates power by extracting steam and hot water from this volcanic hot spot and converting it into electricity.

Ormat Technologies, Inc. (NYSE: “ORA”), the third largest geothermal producer in the United States, acquired PGV in June 2004 and launched a multi-million dollar upgrade to existing technologies. Improvements were made in noise reduction, and 100 percent of its excess fluids are injected back into the Earth’s interior without exposure to the open air. As a result the plant has near zero emissions.”
Source: Hawaii Reporter