Ormat Commences Commercial Operation of Montague Energy Storage Facility, Delivering 20MW/120MWh of Energy Storage Capacity to the PJM Market
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Ormat Technologies Inc. has commenced commercial operations of its Montague energy storage facility in New Jersey, providing 20MW/120MWh of energy storage capacity to the PJM market.
December 30, 2024 | 1:45 pm
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Ormat Technologies has launched its Montague energy storage facility, enhancing its energy storage capacity and potentially increasing revenue through ancillary services in the PJM market.
The commencement of the Montague energy storage facility's operations is a significant development for Ormat Technologies, as it expands their energy storage capacity and opens up new revenue streams through ancillary services in the PJM market. This is likely to have a positive short-term impact on ORA's stock price.
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IMPORTANCE 80
RELEVANCE 100