ocean energy

Raser Technologies enters alliance deal with Cummins Barnard

Raser Technologies announced last Thursday that it would enter into two deals with Cummins & Barnard. These deals would be the Geothermal Project Alliance Deal and a Consulting Services Deal.

Cummins & Barnard will provide project management and construction services under the terms of the Project Alliance Deal for a series of renewable energy facilities involving geothermal sources which are currently under development or in the project development phase.

The Consulting Services Deal which will involve Cummins & Barnard and a Raser subsidiary will see Cummins & Barnard providing project management for the construction of the first geothermal plant. The outlook is towards a long term future together managing and building new projects together.

“We are pleased to have C&B share the vision of our geothermal initiative,” said Brent Cook, CEO of Raser. “They are a quality engineering and construction management firm. They are particularly familiar with the Utah/Nevada area since they are involved in other major generation projects in the area.”

James Connell, President of Cummins & Barnard, stated, “We are excited to enter into this alliance agreement with Raser. We believe the geothermal industry will experience incredible growth in the coming years and believe Raser is extremely well positioned to benefit from this growth. We look forward to working with them on these exciting initiatives.”

For additional information:

http://www.rasertech.com/

http://www.cummins-barnard.com/

 

 


 

 

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