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Short seller charges Ormat with 'dirty dealings in clean energy' Hindenburg Research has accused the Israeli geothermal energy company with "widespread and systematic acts of international corruption." US short seller Hindenburg Research has charged Israeli geothermal energy company Ormat Technologies Inc. (NYSE: ORA; TASE: ORA with "widespread and systematic acts of international corruption." In a report entitled "Dirty dealings in clean energy," Hindenburg claims that Ormat has been involved in corrupt operations in Guatemala, Honduras and Kenya and estimates that corrupt projects contribut...

Ormat jumps on Texas energy storage acquisition Ormat’s wholly owned subsidiary, Viridity Energy Solutions Inc., will design, build, own and operate a 25 MW battery energy storage system (BESS) project at the site. Israeli geothermal and recovered energy generation provider Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) has announced that it has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas. No financial details about the acquisition were disclosed. Ormat's share price jumped 5.13% on Wall Street on Friday to $86.52, giving a market cap of $4.83 bil...

U.S. company Unity announced on Tuesday the purchase of Israeli startup RestAR. RestAR has developed a technology for 3D scanning via mobile devices aimed at improving the online shopping experience. The details of the deal were not announced, but RestAR said that the investors in the company will receive a return of up to seven times their investment in less than two years.  RestAR, which is the first Israeli company to be acquired by Unity, will become the U.S. firm’s official R&D center in Israel. RestAR employees will join Unity from the company headquarters in Tel Aviv and the company...