Formerly known as Raser Technologies, Inc., Cyrq Energy, Inc. is a renewable energy company, primarily focuses on geothermal power development. It has a geothermal power plant in southern Utah, as well as geothermal interests in various stages of development in New Mexico, Utah, Oregon, Nevada, and Indonesia. Cyrq Energy has a second focus improvement of electric motors and development of alternative energy sources. With an emphasis on increasing power and energy efficiency, Cyrq has developed an electric motor technology (Symetron) that can be integrated with existing electric motors used in plug-in hybrid electric vehicles, hydraulic pumps, snowmobiles, and forklifts, as well as electric power generators. In addition to its electric motor technology business. With Raser Technologies having filed for Chapter 11 in April 2011, the company emerged from bankruptcy in September as Cyrq Energy, with new investors and fresh financial backing from Ormat Technologies Inc., a global geothermal technology company based in Reno, Nev. Two New York hedge funds, Tenor Capital and Linden Advisors, bought Cyrq out of bankruptcy.
