Ormat Technologies Secures Land for Geothermal Projects in Utah

Ormat Technologies Inc. (ORA) recently acquired 1,678 acres of land in Utah during the Bureau of Land Management (BLM) auction. The new land will help Ormat Technologies build two new geothermal power plants near its Cove Fort facility. The first plant’s (Cove Fort 2) exploration will start in 2025, with commercial operation estimated to begin in 2027. The second plant, Cove Fort North, will be developed later.ORA’s Position in Geothermal GenerationAs the impacts of climate change become more apparent, the ...