High Quality Assets
Ram Power has a large portfolio of geothermal projects located in California, Nevada, Nicaragua, and British Columbia with signed power purchase agreements for up to 335 MW in California, and 72 MW in Nicaragua. The Company’s Imperial Valley, Geysers, and Nicaragua projects are all located in regions well known for their world class geothermal resources.
Long-Life, Renewable Assets
Geothermal energy is power extracted from the heat stored in the Earth’s core. The Earth’s internal heat naturallly flows to the surface by conduction, and is replenished by radioactive decay of minerals. Consequently, the life-span of geothermal power generating facilities is expected to exceed 50 years.
Experienced Management Team
Ram Power’s management team is comprised of recognized leaders in the geothermal industry, bringing over 100 combined years of experience in the field. Our senior staff members bring decades of experience earned in major geothermal energy companies in diverse areas that include: exploration, well-field development, project development, engineering, construction, permitting, operations and finance.
As world demand for clean, renewable energy continues to rise, it is expected that by 2015 there will be a shortage of stable and steady sources of power in the world energy market. Geothermal power is a cost-effective, reliable, sustainable, and environmentally friendly source to meet that demand. Ram Power has secured land rights to over 161,000 acres in California, Nevada, Canada, and Nicaragua with power purchase agreements totaling 634 MW for development.
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Geothermal energy production relies on hot water and steam to drive a turbine. The lack of reliance on fuel (be it fossil fuel or uranium) reduces the fuel price risk associated with many other types of energy production.