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29 Jun 2023

Port of Oakland, California Signs 12-Year Contract for Geysers Geothermal Power Supply

29 Jun 2023  by thinkgeoenergy   

Cranes in the Port of Oakland harbor at sunrise, Oakland, California (source: Tony Webster / flickr, Creative Commons)
The Board of Port Commissioners of the Port of Oakland in California has agreed to purchase geothermal power from the Geysers Power Company. The contract will run for 12 years from January 1, 2025 to December 31, 2026 and will average around USD 1.125 million per year for a total value of USD 13.5 million.

The Port of Oakland is a container ship facility located in the San Francisco Bay in Oakland, California. It is one of the busiest container ports in the U.S. Geothermal power supplied by the Geyser will be used by the Port and its tenants at the seaport and airport. This will account for about 10% of the Port’s overall energy portfolio.

“The Port’s mix of power resources demonstrates our commitment to providing cleaner energy, reliable power, and rates lower than surrounding utilities,” said Port of Oakland Utilities Manager Jared Carpenter. “Operating an electric utility in California today is challenging with weather events, wildfires and droughts that impede availability of power.”

The Port Utilities derive their primary sources of sustainable energy from a range of options prioritizing geothermal, biomass, solar, and wind energy.

“This contract is significant because it is a new energy deal for the Port of Oakland–not an extension of a previous deal–that helps enhance our power supply portfolio with another fully renewable natural resource,” Carpenter added.

The Geysers Power Company, LLC, a subsidiary of Calpine Corporation, had previously also entered into similar long-term PPAs with the Northern California Power Agency (NCPA) and the Sacramento Municipality Utility District (SMUD).

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