Type Public Number of employees 25 | Headquarters Vancouver, Canada | |
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Traded as TSX-V: AER
OTC Pink: NGLPF Key people Brian Fairbank, president and CEO; Andrew Studley, CFO Website www.alternative-earth.com Stock price NGLPF (OTCMKTS) US$ 0.20 0.00 (-1.95%)24 Feb, 4:00 PM GMT-5 - Disclaimer | ||
Alternative Earth Resources Inc. is an emerging renewable energy developer focused on producing clean, sustainable geothermal electric power from high temperature geothermal resources in the United States. Based in Vancouver, BC, the company has 6 geothermal projects in the Western United States. Despite federal government loan guarantees, the company is facing financial trouble and there is "significant doubt about the company’s ability to continue as a going concern".
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Projects
The company currently owns a 100% leasehold interest in six properties: Blue Mountain, Pumpernickel, Edna Mountain, and Black Warrior (located in Nevada), New Truckhaven (in California), and Crump Geyser in Oregon. The projects have a production potential of over 200 MW, enough green energy to power approximately 200,000 homes.
The companies’s Blue Mountain ‘Faulkner 1’ 49.5 MW gross geothermal power project started producing commercially in November 2009. But its actual production is only 35 MW.