Geothermal developers to get $1M from Icelandic investors, energy office to tap resource deep under Chaffee County ...Middle East

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A pair of geothermal energy developers are getting some much-needed funding to advance their quest to access the hot-water resource deep underground in Chaffee County. The money is coming from the state energy office and investors including one who “grew up around the benefits of geothermal” in Iceland.  Hank Held and Fred Henderson, the pair behind Mt. Princeton Geothermal, have joined forces with Western Geothermal and Reykjavik Geothermal for exploration and development of the water that boils thousands of feet beneath the Earth’s surface along the Rio Grande Rift, which stretches from New Mexico into southern Colorado. According to Held, Western Geothermal agreed to match a $500,

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