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THE CHENA GEOTHERMAL POWER PLANT

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FACT SHEET ON: THE CHENA GEOTHERMAL POWER PLANT Alaska has more geothermal resources than any other state in the country, and yet none of these resources has been developed for power generation. This is about to change, as Chena Hot Springs Resort has entered into a partnership with United Technologies Corporation (UTC) to demonstrate their moderate temperature geothermal ORC power plant technology. Once this plant is installed in July 2006, it will put Alaska squarely on the map for new geothermal technologies, as this will be the lowest temperature geothermal resource to be used for power production in the world. We hope this will be the first step toward much greater geothermal development in the state. The cost of power production, even in semi-remote locations such as Chena, will be reduced from 30¢ to less than 7¢ per kWhr once the UTC plant is installed and operational. The challenge for moderate temperature, small scale geothermal development has been to bring the cost down to a level where it is economical to develop small geothermal fields. UTC has been working toward that goal. In the past, small geothermal power plants have been built to order using tailor made components, which has greatly increased both the expense and the lead time for such units. UTC’s Research Center has teamed up with their sister divisions, Carrier and UTC Power, to reverse engineer mass produced Carrier chiller components to dramatically reduce the cost of production, and allow for modular construction. UTC has already proven this technology with the release of their PureCycle 200 power plant in 2003, which is designed to operate off waste heat applications. The next step is to install a modular prototype unit at Chena Hot Springs in early 2006 to prove the same technology can be used coupled with a geothermal resource. Once the technology has been demonstrated, it can be made commercially available as early as mid-2006. The first 200kW geothermal power plant module built for Chena Hot Springs, undergoing qualification testing at the UTC Hartford, CT facility prior to shipment For more information contact: Chena Hot Springs Resort at (907) 451-8104 or visit our resort website at www.chenahotsprings.com or our project website at www.yourownpower.com

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