Ormat Commences Commercial Operation of 35 MW Ijen Geothermal Facility in Indonesia, Delivering Low Carbon Geothermal Power

Core Points - Ormat Technologies Inc. has successfully commenced commercial operations for the 35MW Ijen geothermal power plant in East Java, Indonesia, marking a significant milestone in the company's expansion strategy in the region [1][3] - The Ijen facility is a joint venture with PT Medco Power Indonesia, where Ormat holds a 49% equity share, and it is the first geothermal power plant in East Java, contributing to Indonesia's goal of adding 7.2 GW of geothermal capacity by 2035 [1][2] - The Ijen geothermal power plant is equipped with Ormat Energy Converter and has a total planned capacity of 110 MW under a 30-year power purchase agreement [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over five decades of experience, focusing on geothermal and recovered energy generation [4] - The company operates a total generating portfolio of 1,537 MW, which includes 1,247 MW from geothermal and solar generation across various countries, and a 290 MW energy storage portfolio located in the U.S. [4] - Ormat aims to accelerate long-term growth in the energy storage market and establish a leading position in the U.S. energy storage market [4]