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Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities
Globenewswireยท 2025-05-27 12:45
Core Insights - Ormat Technologies, Inc. has signed a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. to support its energy storage projects [1][2] - The partnership includes the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve Commercial Operation Date (COD) by the end of 2025 [1][2] - The CEO of Ormat emphasized the importance of this partnership in optimizing project economics and supporting long-term growth, aiming to monetize $160 million in tax benefits this year [2] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience [3] - The company is vertically integrated, involved in the entire process from design to operation of geothermal and recovered energy generation (REG) power plants [3] - Ormat's total generating portfolio is 1,538MW, which includes 1,248MW from geothermal and solar generation and a 290MW energy storage portfolio located in the U.S. [3]
Nuvve (NVVE) - 2025 Q1 - Earnings Call Transcript
2025-05-15 22:02
Nuvve (NVVE) Q1 2025 Earnings Call May 15, 2025 05:00 PM ET Company Participants Gregory Poilasne - Co-Founder, CEO & DirectorDavid Robson - CFO Operator Good morning, and welcome to the Nuvae Holding Corporation First Quarter twenty twenty five Earnings Conference Call. On today's call are Greg Blasney, Chief Executive Officer and David Robsons, Chief Financial Officer of Nuvi. Earlier today, NuVey issued a press release announcing its first quarter twenty twenty five results. Following prepared remarks, w ...