Raser Technologies Inc. (fka RZTQE)

[califax]

RZ's hatch plant begins delivering power to Anaheim

http://ih.advfn.com/p.php?pid=nmona&cb=1240162094&article=37311608&symbol=NY^RZ

RASER’S HATCH PLANT BEGINS DELIVERING POWER TO THE CITY OF ANAHEIM, CA

Raser Technologies, Inc. (NYSE:RZ), a leader in energy technologies, announced that the Hatch Geothermal Power Plant, Beaver County, UT, began delivering clean, renewable electricity to the City of Anaheim, California today.

The Hatch Plant, named after U.S. Senator Orrin Hatch of Utah, is expected to produce 10 to 11 megawatts (MW) of geothermal power, enough to light up about 9,000 homes in Anaheim, when fully operational. The City of Anaheim signed a 20-year power purchase agreement to receive electricity from the Hatch Plant.

Brent M. Cook, CEO of Raser, said, “We are very pleased to have achieved yet another milestone in the development of this giant innovation in power plant design.”

The Hatch Plant sits on a large geothermal resource leased by Raser, a portion of which is estimated by independent geological engineers to have more than 230 MW of geothermal power potential, a resource large enough to power one-third of the homes in Utah.