Ormat selected for ~$35M in DOE geothermal funding

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. META
2. TSLA
3. IBM
4. TXN
5. MRNA
6. LVS
7. SAP
8. CSX
9. LRCX
10. MRK

Go back to Ormat selected for ~$35M in DOE geothermal funding

Ormat Selected for Approximately $35 Million in U.S. Department of Energy Funding to Advance EGS and Hydrothermal Development

September 24, 2026 4:40 PM EDT

RENO, Nev., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (Ormat or the Company), a leading geothermal and renewable energy company, today announced that it has been selected by the U.S. Department of Energy (DOE) for up to approximately $35 million in funding, in partnership with SLB and the University of Utah, to advance an Enhanced Geothermal Systems (EGS) project at its Dixie Valley geothermal project in Nevada and, in partnership with the University of Utah, hydrothermal geothermal development at its Cove Fort geothermal project in Utah. The awards are subject to completion of... More