Jason Liu

U.S. Geothermal, Inc: A Solid Geothermal Pure Play

I agree with most of what you've said, geothermal is a sector that has been mostly ignored by the mainstream media and a promising industry to get into. Its levelized cost of electricity is cost competitive with coal and natural gas, and as you said, provides baseload power meaning power and utility companies are desperate to have them on board.

One company that you missed out on is Polaris Geothermal (PGTHF.PK). Unlike the rest of the geothermals, there is increased geopolitical risk. Its current project is located in Nicaragua and future development plans are centered around sites in South America.

However it more than makes up for this through its high quality sites. Geothermal to a certain extent is a real estate play, access to sites with a strong geothermal resource will decide future cash flows.

Polaris Geothermal's San Jacinto site has one of the largest geothermal resources in the Western Hemisphere and with its production wells showing higher than expected resource and temperatures, the company seems to be a solid addition to any geothermal portfolio.