#CASA DIABLO IV EIS PLUS#

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are 'forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995. Ormat’s current total generating portfolio is 1.2 GW with 1,075 MW of geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and an 88 MW energy storage portfolio that is located in the U.S.

#CASA DIABLO IV EIS PLUS#

In addition, Ormat is expanding its activity into energy storage services, solar Photovoltaic (PV) and solar PV plus energy storage. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity.

is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. With over five decades of experience, Ormat Technologies, Inc. With our 30MW CD4 geothermal power plant and the addition of our 20MW Wister Solar power plant, which started operation last week, our total portfolio has reached 1,163MW and we are on track to reach our goals for 2023.” We are thrilled to partner with sustainability-focused electricity providers to support the power needs of these California communities while advancing our growth plans. “We look forward to leveraging our proven capabilities to help deliver clean energy to our partners and their end-users, while also ensuring grid reliability. These three strategic PPAs support Ormat’s long-term plans to grow our geothermal business in California, while also demonstrating the value of Ormat’s unique binary technology in providing zero-emission, renewable energy at affordable prices,” commented Doron Blachar, Ormat’s Chief Executive Officer.

“We are pleased to begin operation of CD4.

CD4 is a state-of-the-art, air-cooled binary facility that provides stable and reliable renewable benefits twenty-four hours a day, with zero carbon emissions. In addition, the facility provides 16 MW of geothermal power to the Southern California Public Power Authority under a 25-year agreement.ĬD4 is the first geothermal power plant built within the California Independent System Operator balancing authority in the last 30 years and will be the first in Ormat’s portfolio that will sell its output to a Community Choice Aggregator. The CD4 facility provides 7 MW of geothermal power to two Community Choice Aggregators, Silicon Valley Clean Energy and Central Coast Community Energy, each under a 10-year power purchase agreement (“PPA”). (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced the commercial operation of the Casa Diablo-IV (“CD4”) 30 MW geothermal power plant. RENO, Nev., J(GLOBE NEWSWIRE) - Ormat Technologies, Inc. Geothermal Facility Will Utilize Ormat’s Binary Technology to Further Reduce Greenhouse Gas Emissions and Decarbonize the California Power Grid

Casa diablo iv eis