None
DE
Ormat Technologies Q2 Earnings Call Highlights
['Shane Hupp']
Ticker Report
Ormat Technologies (NYSE:ORA) raised its full-year revenue and adjusted EBITDA outlook after reporting second-quarter growth across its electricity, energy storage and product businesses, led by higher energy storage revenue and improved geothermal operations.
Energy storage revenue nearly tripled, increasing 195.1% to $42.8 million.
Energy storage revenue is expected to be $140 million to $155 million.
At the Sage pilot, Ormat selected a location, advanced permitting and procurement for drilling services, and continued engineering work to integrate Sage technology into an existing Ormat power plant.
About Ormat Technologies (NYSE:ORA)Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants.