Ormat Technologies Signs New Multi-year Contract In Partnership With Gotion High-Tech To Provide Ormat With Batteries At A Capacity Of Up To 750MWh, With A Variable Pricing Structure, Partly Linked To Lithium Carbonate Prices
Portfolio Pulse from Bill Haddad
Ormat Technologies has signed a new multi-year contract with Gotion High-Tech to provide Ormat with batteries at a capacity of up to 750MWh. The pricing structure is variable and partly linked to lithium carbonate prices.
September 18, 2023 | 11:52 am
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Ormat Technologies' new partnership with Gotion High-Tech for battery supply could potentially enhance its operational efficiency and product offerings. However, the variable pricing structure linked to lithium carbonate prices could introduce price volatility.
The new partnership could potentially enhance Ormat's operational efficiency and product offerings, which could positively impact its stock price. However, the pricing structure being linked to lithium carbonate prices could introduce price volatility, which might affect the stock price in the short term.
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