"It's an honor to be invited to such a small, select group to discuss and offer views about the future of clean energy in the United States. I believe as the only baseload renewable energy, geothermal power could have a huge impact on the future of clean energy in this country," said Richard Clayton.

"Ensuring American competitiveness in the clean energy economy is critical to our economic recovery today and to our economic growth tomorrow," Secretary of Commerce Gary Locke said in the invitation to the forum.

The forum is scheduled for October 22, 2009 in Washington, D.C.

The American Recovery and Reinvestment Act passed earlier this year sets aside millions of dollars in grants and billions in loan guarantees to support and advance renewable energy projects.

"The federal government and many state governments are putting a lot of money behind renewable energy," said Clayton. "They recognize that clean energy will be a significant part of our country's economy and energy security."

Raser has applied for several innovative exploration grants through the Department of Energy's Geothermal Technologies Program and also intends on applying for the 30% Treasury Grant for its current and future power plants as well as loan guarantees for its Lightning Dock, New Mexico project and others.

Raser Technologies commissioned its first geothermal power plant in April of this year. That plant, located in southern Utah, now delivers clean, renewable energy to Anaheim, Calif. Raser has plans to build additional plants in Utah, New Mexico, Nevada and Oregon.

About Raser Technologies

Raser (NYSE: RZ) is an environmental energy technology company focused on geothermal power development and technology licensing. Raser's Power Systems segment is seeking to develop clean, renewable geothermal electric power plants and bottom-cycling operations, incorporating licensed heat transfer technology. Raser's Transportation and Industrial segment focuses on extended-range plug-in-hybrid vehicle solutions and using Raser's award-winning Symetron technology to improve the torque density and efficiency of the electric motors and drive systems used in electric and hybrid-electric vehicle powertrains and industrial applications. Further information on Raser may be found at: www.rasertech.com.

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