Ormat Commences Commercial Operation of Lower Rio Energy Storage Facility, Delivering 60MW/120MWH of Energy Storage Capacity
(NYSE:ORA) RENO, Nev., Sept. 02, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (âOrmatâ or the âCompanyâ), a leading geothermal and renewable energy company, today announced the successful commencement of commercial operations at its Lower Rio energy storage facility. This 60MW/120MWh Battery Energy Storage System (BESS), located in Texas, will provide energy and ancillary services under a seven-year tolling agreement.
Related Questions
How will the commencement of the 60MW/120MWh BESS operations affect Ormat's nearâterm revenue and earnings guidance?
What impact will the sevenâyear tolling agreement have on Ormat's cash flow stability and valuation multiples compared to peers in the renewable energy sector?
How does this new storage capacity position Ormat in the competitive landscape for energy storage contracts in Texas and influence its longâterm growth strategy?