Group 1 - Meta has expanded its renewable power portfolio by adding over 1 gigawatt of generating capacity through recent deals [1][2] - The company will purchase 791 megawatts of solar and wind power from Invenergy in Ohio, Arkansas, and Texas, and acquire environmental attributes from two solar farms in Texas totaling 360 megawatts from Adapture Renewables [1][2] - These projects are expected to come online in 2027 and 2028, continuing Meta's trend of significant renewable energy investments [2] Group 2 - Meta's recent renewable energy deals come at a time when subsidies for renewable technologies are being targeted for elimination in legislative discussions [3] - Solar power is identified as the fastest method for data centers to acquire new power, with typical solar farms being completed in about 18 months [3] - Phased construction of solar farms allows for some power generation to begin even sooner than the full completion timeline [3]

Core Viewpoint - Ormat Technologies, Inc. has successfully acquired the Blue Mountain geothermal power plant for $88 million, enhancing its renewable energy portfolio and generating capacity [1][2][3] Group 1: Acquisition Details - The acquisition involved 100% equity interest in the 20MW Blue Mountain geothermal power plant located in Nevada [1][2] - The plant currently operates under a Power Purchase Agreement (PPA) with NV Energy, which is set to expire at the end of 2029 [2] - Ormat plans to upgrade the plant's capacity by approximately 3.5MW and is considering adding a 13MW solar facility, pending necessary approvals [2][3] Group 2: Strategic Implications - The acquisition is part of Ormat's strategy to enhance its generation capacity and revenue potential through upgrades and new projects [3][6] - The overall transaction was financed through bank debt, indicating a strategic financial approach to support growth [2] Group 3: Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over 60 years of experience, focusing on geothermal and recovered energy generation [4] - The company has a total generating portfolio of 1,558MW, including 1,268MW from geothermal and solar sources globally [4][6] - Ormat is also expanding into energy storage services and solar photovoltaic (PV) solutions, aiming to establish a strong position in the U.S. energy storage market [4]

Meta is the latest tech company to warm to geothermal energy, announcing on Thursday a deal with startup XGS Energy to develop a 150 megawatt geothermal power plant in New Mexico. XGS Energy has yet to say where it’ll be building the power plant, and Meta wouldn’t disclose specifics about the deal other than to say it’s not yet a contract to purchase power, but rather an agreement “to advance geothermal energy development” in the state, a Meta spokesperson told TechCrunch. Recently, tech companies, data ce ...

Ormat (ORA) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Joshua Carroll - Assistant Vice PresidentDoron Blachar - Chief Executive OfficerAssi Ginzburg - Chief Financial OfficerMichael Fairbanks - Equity Research AssociateAndre Adams - Research Associate - Sustainable Growth and Resource OptimizationJ. David Anderson - Managing Director Conference Call Participants Justin Clare - MD & Research AnalystBen Kallo - Senior Research Analyst Operator Good morning, and welcome to the Ormat Te ...

Ormat (ORA) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Speaker0 Good morning, and welcome to the Ormat Technologies First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note that this event is being recorded. I would now like to turn the conference over to Josh Carroll with Alpha IR. Please go ahead. Speaker1 Thank you, operator. Both on the call today are Doron Bouchard, ...

Q1 2025 ORMAT TECHNOLOGIES, INC. EARNINGS CALL MAY 8, 2025 COPYRIGHT © 2025 ORMAT TECHNOLOGIES, INC. 1 SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULLY FORWARD-LOOKING STATEMENTS This presentation, and information provided during any discussion accompanying this presentation, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve ...

REVENUE GROWTH AND RECORD QUARTERLY ADJUSTED EBITDA SUPPORT ONGOING STRATEGIC PORTFOLIO EXPANSION HIGHLIGHTS TOTAL REVENUES AND NET INCOME1 IMPROVED 2.5% AND 4.6%, RESPECTIVELYRECORD ADJUSTED EBITDA OF $150.3 MILLION, AN INCREASE OF 6.4% VS LAST YEARENERGY STORAGE SEGMENT REVENUES INCREASED BY 120% DRIVING MEANINGFUL MARGIN INCREASESIGNED AN AGREEMENT TO ACQUIRE THE 20MW BLUE MOUNTAIN GEOTHERMAL POWER PLANT FROM CYRQ ENERGYCOMPANY REITERATES ITS 2025 FULL-YEAR GUIDANCE, REFLECTING STRONG EXECUTION AND CONFI ...

Ormat Technologies, Inc. (NYSE:ORA) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Josh Carroll - Alpha IR Doron Blachar - Chief Executive Officer Assi Ginzburg - Chief Financial Officer Smadar Lavi - Vice President of Investor Relations and ESG Planning and Reporting Conference Call Participants Noah Kaye - Oppenheimer Justin Clare - ROTH Capital Partners Hannah Velásquez - Jefferies Derek Podhaizer - Piper Sandler Jeff Osborne - TD Cowen Ryan Levine - Citigroup Operato ...