Friday, April 28, 2017

USA, Nevada: Cyrq Energy in Line to Buy Reno Geothermal District Heating Plant

Sustainable heat source will stay online after Reno utility company sells geothermal plant (KRNV)

Nevada geothermal has announced they will sell a district geothermal heat energy plant located in the shadow of the Peppermill Spa and Resort in Reno.

A letter to residents announced Cyrq Energy, headquartered in Salt Lake City, Utah, will take over the system. Company attorney Curt Ledford said Nevada Geothermal was looking for a buyer "that would propose a plan to keep the geothermal system operating. We think Cyrq has that capability."

Cyrq Energy is no stranger to the alternative energy industry. At a meeting on March 8, the company's Vice President of Operations and Safety spoke to residents about Cyrq's interest in buying the geothermal plant. Monte Morrison said, "we also have power plants in Utah and New Mexico."

The South Reno geothermal plant supplies just 104 homes, but it's actually the largest residential geothermal district in all of Nevada.