Geothermal start-up AltaRock suspends drilling
A new company pursuing an advanced geothermal energy technology has had to suspend its first attempt to drill a deep well in Northern California.
AltaRock Energy on Wednesday said it ran into problems during drilling for a demonstration project, "resulting from geologic anomalies particular to the formation" at the Geysers Geothermal field.
The project, said to be budgeted at $17 million, was partially funded by a Department of Energy grant given to several companies to explore the viability of enhanced geothermal systems. Sausalito, Calif.-based AltaRock was funded by Google and venture capital company Kleiner Perkins Caufield & … Read more
