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Stock impact report

Ormat Technologies Announces Co-Lead of Series B Investment in Sage Geosystems to Advance Next-Generation Geothermal Technology

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: GlobeNewswire
RENO, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced a $25 million equity investment in an over $97 million Series B funding round for Sage Geosystems Inc. (“Sage”), a pioneer in next-generation geothermal and energy storage technology. Ormat and Carbon Direct Capital co-led the Series B financing, which will support Sage in advancing its geothermal power generation and energy storage solutions, including the development of its first commercial next-generation geothermal facility. This investment represents an important milestone in Ormat’s strategy to expand its Enhanced Geothermal Systems (“EGS”) portfolio and capabilities. Combined with the previously announced commercial agreement between Ormat and Sage, this investment is anticipated to accelerate the deployment and commercialization of advanced geothermal technologies. Sage plans to pilot its propri Show less Read more
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