Geothermal and battery storage firm Ormat Technologies and lithium-ion manufacturer Gotion have agreed a multi-year supply deal totalling up to 750MWh.

Ormat Technologies has signed a PPA for a California solar-plus-storage plant, shortly after announcing the start of commercial operations at two standalone battery projects.

US geothermal energy company Ormat Technologies’ energy storage division achieved gross margin of 25.3% in Q2 2022.

Geothermal power and renewable energy developer Ormat Technologies has signalled its intent to join demand response and energy storage markets with the purchase of Viridity Energy.