Geothermal accounts for more than 50% of all cleantech investment in Nevada
In 2013, geothermal players account for more than 50% of all cleantech investment in Nevada. Gradient Resources raised $70 million and Ram Power $50 million.
In an interesting side note, the energy service by Cleantech Group, announced that cleantech investment in the state of Nevada topped $213 million in 2013.
The interesting fact though is that more than half of that money was invested in geothermal activities in Nevada.
Geothermal developers Gradient Resources and Ram Power, both raised together more than $120 million in 2013.
Gradient Resources, raised $70,422,048 from Denham Capital Management in a Structured Debt round, and Ram Power, Corp., raised $50,000,000 from Cormark Securities in a Structured Debt round, so the article.
So geothermal has been able to attract some serious investment and shows the value of the state for the geothermal energy industry in the United States.