Vulcan Power Obtains $108,000,000 New Financing

  • Feed Type
  • Date
    2/2/2010
  • Company Name
    Vulcan Power
  • Mailing Address
    775 SW Bonnett Way Bend, OR 97702
  • Company Description
    Vulcan Power Company (“Vulcan”) is a privately owned developer of clean, renewable power projects headquartered in Bend, Oregon. Founded in 1991, the primary focus of Vulcan is the development and operation of clean, renewable, “24×7″ baseload geothermal power plants. Vulcan Power’s projects comprise over 170,000 acres of private and federal land leases—one of the largest geothermal property portfolios in the United States—and will supply geothermal energy to the most significant renewable power contract portfolio in the nation
  • Website
    http://www.vulcanpower.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $108,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new investment will allow Vulcan to continue its ongoing development of properties representing more than 300 megawatts (MW) of estimated geothermal resources from just half of the company’s total acreage.
  • M&A Terms
  • Venture Investor
    Denham Capital

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