Core Insights - Ormat Technologies has signed a strategic commercial agreement with Sage Geosystems to enhance geothermal energy solutions and accelerate time to market for next-generation geothermal technologies [1][4] 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 (REG) [5] - The company operates a total generating portfolio of approximately 1,558 MW, including 1,268 MW from geothermal and solar generation, and a 290 MW energy storage portfolio located in the U.S. [5] Collaboration Details - Under the agreement, Sage will pilot its advanced Pressure Geothermal technology at an existing Ormat power plant, aiming to improve operational efficiency and expedite the implementation of geothermal solutions [2][3] - Following the pilot's success, Ormat will have the rights to develop and operate geothermal power plants and energy storage projects using Sage's technology [3] Leadership Statements - Ormat's CEO expressed enthusiasm for the partnership, highlighting its alignment with the company's commitment to advancing geothermal energy solutions [4] - Sage's CEO noted that the collaboration represents a significant step in commercializing Pressure Geothermal technology, emphasizing the potential for innovation and sustainability in the energy sector [4][6]