News from Texas and California as OCI Energy signs a memorandum of understanding with LG Energy Solutions, Ormat Technologies signs a US$62 million hybrid tax equity for Texas and California BESS projects.
US renewable energy company Ormat Technologies has won a tender for two separate 15-year tolling agreements for two energy storage facilities with a combined capacity of 300MW/1,200MWh.
IPP Ormat Technologies has put an 80MW/320MWh BESS in California into commercial operation, and will now leverage the investment tax credit (ITC) for which it is eligible.
Geothermal and battery storage firm Ormat Technologies and lithium-ion manufacturer Gotion have agreed a multi-year supply deal totalling up to 750MWh.
