U.S. Geothermal

Energy & Utilities clean energy electricity renewables

Geothermal energy (geo meaning "earth" and thermal meaning "heat") is energy recovered from the heat of the earth's interior. Geothermal heat can appear in the form of volcanoes, hot springs and geysers. The high temperatures in the earth's interior are a result of heat trapped during the formation of the planet, as well as the decay of naturally occurring radioactive elements. Temperatures below the surface can reach 4,200Â° C, decreasing to 650 - 1200Â° at depths of 80km-100km. Through the deep circulation of groundwater and the intrusion of molten magma into the earth's crust at depths of only 1km-5km, the heat is brought closer to the earth's surface. The molten rock then heats the surrounding groundwater, which is forced to the surface in certain areas in the form of steam or hot water (i.e. hot springs, geysers). The heat energy close to or at the earth's surface can be utilized as a source of energy.

Company Growth (employees)

Type

Private

Boise, US

Founded

2003

Size (employees)

45 (est)+3%

Website

usgeothermal.com

U.S. Geothermal was founded in 2003 and is headquartered in Boise, US

Key People at U.S. Geothermal

Doug Glaspey

COO

John Walker

Chairman

U.S. Geothermal Office Locations

U.S. Geothermal has an office in Boise

Boise, US (HQ)

390 E Parkcenter Blvd, Ste 250

U.S. Geothermal Data and Metrics

Summary Metrics

Founding Date	2003
Total Funding	$33 m
Latest funding size	$3 m
Time since last funding	over 6 years
Investors	Craton Equity Partners, Medley Partners

U.S. Geothermal's latest funding round in February 2011 was reported to be $3 m. In total, U.S. Geothermal has raised $33 m

U.S. Geothermal Financial Metrics

Summary

$, USD

Balance Sheet

$, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	28.7 m	13 m	8.7 m	15.3 m
Accounts Receivable		4.1 m	3.8 m	3.8 m
Current Assets	37 m	23.4 m	18.8 m	29.6 m
PP&E			167.7 m	170.3 m
Total Assets	232.8 m	232.9 m	228.2 m	243.4 m
Current Liabilities	5.8 m	6.2 m	8.7 m	6.5 m
Non-Current Liabilities	99.2 m	95.8 m	91.1 m	105.4 m
Total Liabilities	105.1 m	102 m	99.8 m	111.9 m
Additional Paid-in Capital	100.4 m	103.7 m	118.1 m	121.9 m
Retained Earnings	(30.9 m)	(19.3 m)	(17.4 m)	(17 m)
Total Equity	127.7 m	130.9 m	128.4 m	131.6 m
Financial Leverage	1.8 x	1.8 x	1.8 x	1.9 x

Cash Flow

$, USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	4.1 m	14.9 m	5 m	3.6 m
Depreciation and Amortization	6.5 m	6.2 m	6.3 m	6.4 m
Accounts Receivable				7.6 k
Purchases of PP&E	(13.9 m)	(3.7 m)	(6.6 m)	(9.4 m)
Interest Paid	7 m	4.1 m	3.8 m	4.1 m