Utility Dive•2 days ago
Ormat’s energy storage revenue rises
Key Takeaway
Ormat's rising energy storage revenue and heavy investment in battery projects underscore the growing market for flexible grid resources and the continued expansion of diversified renewable energy portfolios.
AI Summary
- •Vertically integrated renewables firm Ormat is seeing increased revenue from its energy storage operations.
- •The company is significantly boosting its investment in battery storage projects, indicating strong market growth and demand for grid flexibility.
- •Ormat is actively pursuing enhanced geothermal pilot projects with SLB and Sage Geosystems, signaling diversification into advanced renewable generation technologies.
Topics
storage