Due Diligence & Technical Services

E3’s staff has provided expertise on a variety of geothermal projects totaling more than 2,000 MW of electric capacity. The services provided include pre-financing due diligence, acquisition and divestiture assistance, project turnaround, asset valuations and appraisals, operations management consulting, environmental permitting and site assessments, development assistance, and dispute resolution support. Our team members have worked with several technologies, including single flash, dual flash, triple flash, Ormat Binary Cycle, Ormat Hybrid Cycle utilizing Fuji and Mitsubishi turbines, and Turbine Air Systems (TAS) binary power cycle.

Mike O’Dell, E3 Consulting
Technology Lead, Mike O’Dell

Representative Projects

Lightning Dock Geothermal (LDG) ProjectHildago County, New Mexico.

E3 provided a technical due diligence review on behalf of lenders supporting the approximately $32.7 million debt financing of the LDG Repower Project, owned by Cyrq Energy, Inc., a privately owned renewable energy company. Lightning Dock is located in the LDG resource area in the southwest corner of New Mexico. The project was repowered utilizing a single 9 MW net Mitsubishi Turboden turbo-generator.

Patua Geothermal Power Plant – Fernley, Nevada.

E3 provided an Independent Engineer’s report for the 30 MW air-cooled binary geothermal project in northwestern Nevada. E3 provided lenders with a technical review to support financing of the project. E3’s scope included reviewing the TAS supercritical binary power cycle, production well and collection system design, interconnections, and capital costs.  E3 also provided technical due diligence for the refinancing of the facility and the incorporation of a hybrid (wet-dry) cooling system. When solar was added to the Project at a later date, E3 provided technical advisory services for the developer.