Massachusetts State Committee review
By Dave Reynolds on July 1, 2010 11:52 AM | Permalink | 2141 Comments
(BOSTON, MA, June 22, 2010) Today Atlantic Geothermal LLC presented its Closed Loop Energy Mine (CLEM) project to members of the Massachusetts state government, with guarded optimism for the future of their idea in the state.
Company founder David Reynolds and market development manager Kevin Downey delivered the presentation to Massachusetts state senator Marc Pacheco and state representatives Frank Smizik and Matthew Patrick. Pacheco and Smizik are the chairmen of the Senate and House Committees on Global Warming and Climate Change, respectively. The goal was to gain state government support for a feasibility study of the CLEM project.
The presentation showcased the particulars of the CLEM project, from the technical aspects of the mine itself, to the advantages that CLEM presents versus other sources of power and even open-loop geothermal systems. Two of the five New England sites selected by Atlantic Geothermal for feasibility studies are in Massachusetts, in the towns of Wendell and Fitchburg.
Over the course of the hour-long presentation, Reynolds was met with enthusiasm, and many questions from the three elected officials. This shows that all three politicians were engaged with and interested in the possibilities of the CLEM project. At the end of the presentation, two of the three said they would be willing to support Atlantic Geothermal's endeavors, with the third guarded but optimistic about the project's future.
Atlantic Geothermal will move forward by scheduling another round of meetings and presentations with state officials and scientists in order to create contacts and generate further support for the project. In the meantime, the company will also attempt to secure investments by a July 9 deadline that will help it retain a substantial federal grant for the CLEM project.
Company founder David Reynolds and market development manager Kevin Downey delivered the presentation to Massachusetts state senator Marc Pacheco and state representatives Frank Smizik and Matthew Patrick. Pacheco and Smizik are the chairmen of the Senate and House Committees on Global Warming and Climate Change, respectively. The goal was to gain state government support for a feasibility study of the CLEM project.
The presentation showcased the particulars of the CLEM project, from the technical aspects of the mine itself, to the advantages that CLEM presents versus other sources of power and even open-loop geothermal systems. Two of the five New England sites selected by Atlantic Geothermal for feasibility studies are in Massachusetts, in the towns of Wendell and Fitchburg.
Over the course of the hour-long presentation, Reynolds was met with enthusiasm, and many questions from the three elected officials. This shows that all three politicians were engaged with and interested in the possibilities of the CLEM project. At the end of the presentation, two of the three said they would be willing to support Atlantic Geothermal's endeavors, with the third guarded but optimistic about the project's future.
Atlantic Geothermal will move forward by scheduling another round of meetings and presentations with state officials and scientists in order to create contacts and generate further support for the project. In the meantime, the company will also attempt to secure investments by a July 9 deadline that will help it retain a substantial federal grant for the CLEM project.
