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TORONTO, ONTARIO (MARKET WIRE) InterOil Corporation (TSX: IOL) (AMEX: IOC) (POMSoX:IOC) today announced that Mr. Phil Mulacek, Chief Executive Officer of InterOil will present at the upcoming Natixis Bleichroeder Second Annual Hidden Gems Conference at the Waldorf-Astoria Hotel in New York, on Tuesday, October 14, 2008 at 9:30 AM Eastern.

The lack of capital available to geothermal projects, especially during early development stages has stifled the growth of geothermal technology worldwide and poses a major challenge for this sector. Yet, with new prospects from technology innovations such as Enhanced Geothermal systems (EGS) and low-temperature applications, investor's interest is finally catching on and the number of those recognizing the huge geothermal potential to be tapped is ever increasing.

In the past, geothermal energy might have been called the underdog of renewable energy. But if one were to characterize the industry based on current growth and technological innovation, it might be more accurate to call geothermal the rising star of the industry.

Ormat Technologies, Inc. announced that it has established a three-year US $100 million line of credit through an un-named commercial bank. In total, Ormat's approved unused corporate lines of credits with various commercial banks total US $260 million.

Lockheed Martin has been awarded a cooperative agreement contract with a maximum value of US $1.2 million by the U.S. Department of energy (DOE) to demonstrate technologies to enable ocean thermal energy power generation.

Norwegian firm Hydro announced that it has invested US $15 million in Ascent Solar. The purchase took place as Hydro exercised a call option issue, increasing its ownership share in Ascent Solar from 26.5 to 35 percent.

French nuclear engineering major Areva has signed two agreements to strengthen its activities in China and to create a joint venture with the China Guandong Nuclear Power Company, which is responsible for the engineering and procurement of second and third-generation nuclear power plants in China.

Renault and French electric utility EDF have signed a memorandum of understanding to create a large-scale zero-emissions individual transport and travel system, starting with France.

Composite technology has announced that its DeWind subsidiary has entered into agreements with Higher Perpetual energy to form DeWind SWI Wind Farms to develop four wind farms in Texas totaling up to 620MW of electrical energy capacity.

If you were given $28 million to design an energy efficient student center, what would you do? That is exactly what students from around the world have been challenged with for the 2008-2009 Hydrogen Student Design Contest.