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ORMAT TO SIGNIFICANTLY ENHANCE ACQUIRED POWER PLANTS AND POTENTIALLY DEVELOP GREENFIELD ASSET
PROVIDES POTENTIAL SYNERGIES, INCLUDING TRANSMISSION LINE CONNECTING NEVADA AND CALIFORNIA
RENO, Nev., May 24, 2021 (GLOBE NEWSWIRE) Ormat Technologies, Inc. (NYSE:ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-Gen, LLC) to acquire two contracted geothermal assets in Nevada with a total net generating capacity of 67.5 MW (net), a greenfield development asset adjacent to one of the plants, and an underutilized transmission-line. The acquisition is expected to close in the second half of 2021, subject to regulatory and other customary closing conditions.
Ormat Signs 15-Year Power Purchase Agreement With Clean Power Alliance for Heber South Geothermal Facility streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ormat Signs 15-Year Power Purchase Agreement With Clean Power Alliance for Heber South .
Ormat Technologies, Inc.May 12, 2021 GMT
RENO, Nev., May 12, 2021 (GLOBE NEWSWIRE) Ormat Technologies Inc. (NYSE: ORA) announced that it has signed a 15-year power purchase agreement (PPA) with the Clean Power Alliance (CPA), which is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation. Under terms of the agreement, effective January 1, 2022, CPA will purchase 14 MW of clean, renewable energy from Ormat’s Heber South Geothermal facility located in Imperial Valley, CA. The CPA Board of Directors approved the PPA during its May 6 meeting. This 14 MW of baseload geothermal power is expected to advance CPA’s greenhouse gas emission reduction goals while enhancing overall reliability for CPA’s more than one millio
Ormat Technologies Reports First Quarter 2021 Financial Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Hero Technologies Inc.: Hero Technologies Ties Cannabis Sustainability to Profitability
Proprietary technology for aeroponic cultivation and high-efficiency sun chambers expected to produce environmentally sustainable cannabis crops at ~$100/pound
DOVER, DE / ACCESSWIRE / April 27, 2021 / Hero Technologies (OTC PINK:HENC; Twitter: @heroicmindtech), a cannabis company focused on a vertically integrated strategy, today revealed cost projections for its proprietary indoor cannabis growing system. The company calculates that its aeroponic cultivation technology, coupled with state-of-the-art sun chambers, will enable it to produce cannabis for wholesale distribution at approximately $100 per pound. With this cost basis, the company expects that its indoor cannabis operations will be environmentally sustainable as well as highly profitable.