Ormat Technologies Inc. Secures Land Parcels in Nevada's BLM Auction to Advance Future Geothermal Development

Core Insights - Ormat Technologies Inc. has successfully secured multiple land parcels in Nevada's Annual Bureau of Land Management Auction, which will support its exploration and expansion efforts in renewable energy [1][2][3] - The newly leased parcels are expected to enhance geothermal energy production capabilities, including a new greenfield prospect and expansion opportunities for existing assets [2][3] - The CEO of Ormat emphasizes the high success rate of these parcels in supporting growth in the U.S. and the company's commitment to providing reliable and eco-friendly energy [3] Company Overview - Ormat Technologies is a leading geothermal company with over five decades of experience and is the only vertically integrated company in geothermal and recovered energy generation [4] - The company has a total generating portfolio of 1,420 MW, which includes 1,230 MW from geothermal and solar generation spread across multiple countries, and a 190 MW energy storage portfolio located in the U.S. [4] - Ormat is focused on accelerating long-term growth in the energy storage market and aims to establish a leading position in the U.S. energy storage market [4]