Ormat Signs Its First Tolling Agreements In Texas For Two 60MW/120MWH Energy Storage Facilities
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies, Inc. (NYSE: ORA) has signed its first tolling agreements in Texas for two 60MW/120MWh energy storage facilities. These agreements secure seven years of fixed revenues and support the construction of a new 100MW/200MWh project, with all projects expected to be operational by the end of 2026.
August 15, 2024 | 1:10 pm
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Ormat Technologies has signed its first tolling agreements in Texas for two energy storage facilities, securing seven years of fixed revenues. This supports the construction of a new 100MW/200MWh project, with all projects expected to be operational by the end of 2026.
The signing of tolling agreements secures fixed revenues for Ormat, providing financial stability and enabling further project development. This is likely to positively impact the stock price in the short term.
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