GeoLectric Power Company owns the geothermal rights to the known and well-studied Lightning Dock geothermal resource in southwestern New Mexico. The Lightning Dock resource has an existing direct-use production history of over 20 years at temperatures and flow rates believed to be well suited for power generation using Raser’s plant designs and the PureCycle equipment.
The resource has more than 40 existing wells that have shown that temperatures in excess of 300 degrees Fahrenheit with substantial flows at depths of 1,500 to 2,500 feet exist. Some of these wells may be used for production purposes, while other wells will be used for observation, flow test and gradient uses.
Brent Cook, CEO of Raser Technologies, said: The acquisition of an existing geothermal resource with the production capabilities of Lightning Dock will substantially shorten our power plant development timeline. Since this project is in a more advanced stage of development than our other sites, including a partially developed well field, it carries a much higher value to us.
