The company that built the generating units for the failed Thermo 1 power plant near Beaver said Utah’s Raser Technologies Inc. took a big gamble when it developed the geothermal project — and lost. The Thermo 1 project used technology developed by Pratt & Whitney subsidiary UTC Power Corp. Raser boasted the technology would allow it to generate electricity from the geothermal industry’s holy grail — water wells that weren’t typically viewed as hot enough to produce commercial power. Raser’s plant, though, turned out to be a bust. The company filed for bankruptcy under Chapter 11 provisions of the U.S. Bankruptcy Code earlier this year. Salt Lake Tribune
