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Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has ...
It is the largest geothermal complex in Nevada and the fourth largest in the United States. The complex consists of two 45 MW geothermal power stations that were commissioned in July 2012, as well as a third 48 MW geothermal power station that was commissioned on 20 December 2018. [2] The entire complex is owned by Ormat. [3]
In 2005, the geothermal well field was expanded into "Basalt Canyon" just west of the three power stations. Two production wells were drilled and connected to the existing power plants. [1] In 2014, Ormat replaced the 30-year old equipment of MP1 in order to improve its efficiency. [1]
RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy technology company, today announced that it has reached an understanding with Contact Energy to sign an Engineering, Procurement, and Construction (EPC) contract for the development of the Te Mihi Stage 2 101MW geothermal power plant in New Zealand.
Ormat Technologies (ORA) has plans to expand geothermal operation in the United States. It has recently entered into a 15-year PPA with Clean Power Alliance.
Ormat Technologies (ORA) has shifted its focus to developing Solar PV power plants in locations where it can offer competitively priced power generation.
The Olkaria III Power Station first started operation in 2000, running one Ormat power plant with a generation capacity of 13 megawatts (17,000 hp). In January 2009 new infrastructure was installed, adding another 35 megawatts (47,000 hp) to the plant's capacity. Later, 36 megawatts (48,000 hp) production capacity was installed.
In 2022, Nevada had a total summer capacity of 13,541 MW through all of its power plants, and a net generation of 42,591 GWh. [2] In 2023, the electrical energy generation mix was 58.1% natural gas, 23% solar, 10.1% geothermal, 4.9% coal, 3.1% hydroelectric, 0.7% wind, and 0.1% biomass.