Ormat Technologies Secures Land for Geothermal Projects in Utah
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Ormat Technologies has acquired 1,678 acres of land in Utah for geothermal projects during a Bureau of Land Management auction. This acquisition is part of Ormat's strategy to expand its geothermal energy production capabilities.
December 30, 2024 | 3:00 pm
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Ormat Technologies has acquired 1,678 acres of land in Utah for geothermal projects, indicating a strategic expansion in renewable energy production.
The acquisition of land for geothermal projects is a positive development for Ormat Technologies, as it aligns with their growth strategy in renewable energy. This move is likely to enhance their production capabilities and market position, potentially leading to a positive impact on their stock price.
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