News

GRADIENT RESOURCES ANNOUNCES COMPLETION OF $155M FINANCING THROUGH LENDING GROUP

FOR IMMEDIATE RELEASE GRADIENT RESOURCES ANNOUNCES COMPLETION OF $155M FINANCING THROUGH LENDING GROUP RENO, NV December 18, 2012 – Gradient Resources Inc., a privately held corporation headquartered in Reno, Nevada, recently completed a $155M financing for construction of the first phase of its Patua Geothermal Project. Initial work at the Patua site, located near Fernley, [...]

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Patua Power Plant Groundbreaking 2011

Gradient Resources Celebrates Construction of Phase I of its Patua Geothermal Project

RENO, NV August 16, 2011 – Gradient Resources Inc., a privately held corporation headquartered in Reno, Nevada, held a ground-breaking event at the site of its 60 MW geothermal power plant located within Churchill County, near Fernley, Nevada.

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Gradient Resources Signs EPC Agreement For a 60MW Project

(RENO, Nev.) – March 10, 2011 – Gradient Resources (“Gradient”), a vertically integrated developer of geothermal energy projects, announced today that it has executed an engineering, procurement and construction (“EPC”) contract with Science Applications International Corporation’s (SAIC)

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Gradient CEO Craig Mataczynski and Senator Harry Reid at Grand Opening Event

Geothermal Energy Developer Moves Corporate Headquarters to Reno

RENO, Nev. – August 27, 2010 – Gradient Resources (“Gradient”), formerly Vulcan Power Company, a vertically-integrated developer of geothermal energy projects, unveiled its new name and logo at the inauguration of its corporate headquarters in Reno, Nevada.  The Honorable Harry Reid, United States Senator from Nevada and Majority Leader of the Senate welcomed the developer [...]

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Vulcan Power Company Appoints Chief Financial Officer and Senior Vice President

BEND, Ore. – May 25, 2010 – Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, announced today that Richard Atkinson has been appointed chief financial officer and Joseph Lessard has been appointed senior vice president of development. Both hires will report to Vulcan’s Chief Executive Officer Craig Mataczynski. “Richard and Joe both possess [...]

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geothermal-gradient1

Vulcan Power Company Names Craig Mataczynski Chief Executive Officer

Seasoned renewable energy developer previously served as CEO of RES Americas and NRG Energy BEND, Ore. – April 20, 2010 – Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, announced today that Craig Mataczynski has been named the company’s new Chief Executive Officer. He replaces Robert Warburton who has served as acting CEO [...]

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Vulcan Power Company Announces 2010 Board of Directors

BEND, Ore. – March 16, 2010 – Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, today announced its 2010 Board of Directors following a vote held at the Company’s recent Annual Meeting of Shareholders on March 4, 2010. Vulcan shareholders elected Linda Miller as Independent Director, Michael Hamilton, Rick Rodgers and Barney Rush [...]

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Vulcan Power Company Recommences Drilling at Patua, NV Geothermal Property

BEND, Ore., Feb. 24 /PRNewswire/ – Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, announced today that drilling has recommenced at the Company’s Patua project site near Fernley, Nev., located in the northwestern part of the state. Earlier this month, the Company received a second equity investment of $108 million from Denham Capital. [...]

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Denham Capital invests an additional $108 million in Geothermal Developer Vulcan Power Company

DENHAM CAPITAL INVESTS AN ADDITIONAL $108 MILLION IN GEOTHERMAL DEVELOPER VULCAN POWER COMPANY BEND, Ore. and BOSTON – February 2, 2010 – Vulcan Power Company (“Vulcan”), a developer of geothermal energy projects, and Denham Capital, an energy- and commodities-focused private investment firm, announced today that an affiliate of Denham Capital has invested $108 million in [...]

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drill-site

Denham Capital to invest $145 million in Vulcan Power Company

BEND, Ore. and BOSTON, – July 28, 2008 – Vulcan Power Company (“Vulcan”) and Denham Capital (“Denham”) announced today that Denham will invest $145 million in newly issued preferred equity securities of Vulcan. In addition, Merrill Lynch Commodity Partners (“MLCP”), a principal investment

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