Ormat Announces Commercial Operation of Hinesburg Battery Energy Storage System, Under an Agreement With Vermont Electric Cooperative
Ormat Technologies, Inc. (ORA)
Last ormat technologies, inc. earnings: 2/25 04:30 pm
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Source: GlobeNewswire
RIBBON CUTTING CEREMONY TO BE HELD ON OCTOBER 24, 2019 RENO, Nev., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc.1 (NYSE: ORA) today announced the commercial operation of the Hinesburg Battery Energy Storage System (Hinesburg BESS) under an agreement with Vermont Electric Cooperative (VEC). The project is a collaborative effort between our wholly owned subsidiary, Viridity Energy Solutions, Inc. (Viridity), VEC, and WEG Electric Corp (WEG). A ribbon cutting ceremony to officially mark the launch of Hinesburg BESS is scheduled for 3p.m. on October 24, 2019 at the project site, which is located at 1121 Pond Brook Road Hinesburg, Vermont. Through an innovative partnership structure, Viridity teamed with WEG to compete for the project via a competitive RFP process and was selected to develop and install the BESS in the fall of 2017. “We brought together the best products, services and engineering talent to deliver a battery energy storage system that will provide co
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