Ormat Resumes Operation at Its Heber 1 Power Plant in California and Completes Expansion of the Dixie Valley Power Plant in Nevada
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies (NYSE:ORA) has resumed operations at its Heber 1 power plant in California after a temporary shutdown due to a fire incident in February 2022. The company also completed the expansion of the Dixie Valley power plant in Nevada.
May 30, 2023 | 11:53 am
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POSITIVE IMPACT
Ormat Technologies has resumed operations at its Heber 1 power plant and completed the expansion of the Dixie Valley power plant, showcasing its commitment to providing reliable and sustainable energy solutions.
The resumption of operations at the Heber 1 power plant and the completion of the Dixie Valley power plant expansion demonstrate Ormat's operational execution and commitment to providing reliable and sustainable energy solutions. This is likely to have a positive impact on the company's stock price in the short term as it shows progress in its operations and growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100