With the increased concerns about global warming, air pollution and instability in fossil-fuel supplies, renewable energy sources represent the wave of the future. Sierra Geothermal Power Corp. is among the exciting new players in the vanguard.
A dynamic Canadian company that trades on the TSX Venture Exchange under the symbol SRA, Sierra Geothermal Power offers buyers an irresistible opportunity to share in future profits while they stand on guard to conserve Earth's irreplaceable living heritage. That's an unbeatable combination.
Sierra has positioned itself to capitalize on the increasing demand for green and reliable renewable energy. Sierra Geothermal is poised to drill production-assessment wells on three leased properties in Nevada in the coming year.
Sierra Geothermal has 12 more properties in the pipeline at various stages of development.
The business plan: To utilize natural hot-water reservoirs for the generation of clean, efficient electrical power to be sold on Western U.S. power grids.
"We are commercial power suppliers, offering to sign long-term wholesale contracts with major utilities to distribute our product via existing grids," says company president/CEO Gary Thompson.
"These hot water reservoirs are an abundant source of clean, natural power."
It's a simple, efficient and potentially profitable. Geothermal plants have one of the smallest environmental footprints of any generation technology.
"We're still in the early stages, but we'll be running extensive test-drilling programs this year," Thompson points out.
In brief, here's how the process works. Once production wells are in place, naturally heated thermal fluids will be diverted through a closed-loop heat exchange system, a working fluid is used to operate electricity generating turbines.
Once that procedure is complete, these same geothermal fluids are injected into the original reservoir for recharge. It's a safe, straightforward procedure that has captured the imaginations of conservation-minded environmentalists, as well as investors who realize that renewable energy represents a vitally important new direction for world markets.
"This is a green, renewable resource comparable to wind or solar generation, however geothermal heat is always available to generate power," Thompson continues. "A geothermal plant typically operates 95 per cent of the time at full load," he adds.
These low-maintenance, competitive power sources are poised to come into their own.
In a world that grows ever more concerned by climate change and fossil-fuel emissions, Sierra Geothermal Power is committed to the proposition that renewables will soon occupy centre stage.
"Traditional fuels such as coal, oil and gas are associated with pollution issues," Thompson says. "Our upside is that we'll be generating long-term revenues from the production of clean, sustainable electrical power for generations to come."
Based in Vancouver, Sierra Geothermal Power has an important message to share with potential shareholders. The company's story will be told more fully during upcoming sessions scheduled for both Toronto and Vancouver.
Those interested in a profitable, renewable future will want to be there. Invitations to the Financial Forum at the Metro Toronto Convention Centre, scheduled for Jan. 25-28, may be printed directly from the Sierra Geothermal website (www.sierrageopower.com).
A second, equally informative Financial Forum is planned for Western investors the following month in Vancouver, Feb. 17-19.
Although the term may not be familiar to the uninitiated, geothermal energy has been a recognized, if under-utilized, source of power for more than 100 years. According to Thompson, the first commercial application got started in Italy on a small scale during the 1930s and is now a 400-megawatt generation plant which continues in service to this day.
"That's an awful lot of power. Remember, 100 megawatts of power is enough to provide full service to as many as 80,000 homes," Thompson says.
With a number of capital-intensive projects now on the drawing board, Sierra Geothermal is interested in meeting with potential stakeholders who share the company's long-term vision: To generate healthy profits on a wholly sustainable basis.
"As we speak, we are looking at a projected budget of approximately $30 million, money to be spent on feasibility costs for two of our four priority projects in Nevada," Thompson explains. "We're currently in negotiations with potential corporate partners to help us finance this important work."
Sierra Geothermal Power (stock symbol SRA on the TSX Venture Exchange) represents an incomparable opportunity for investors to help build a better global future while they add to a profitable investment portfolio.
For more information, try this toll-free number: 1.800.563.5631.
Or contact Gary Thompson at gthompson@SierraGeoPower.com or 403-539-8804.