As Texas Went Dark, the State Paid Natural-Gas Companies to Go Offline Source: By Russell Gold and Katherine Blunt, Wall Street Journal • Posted: Sunday, May 9, 2021
A program meant to reduce industrial electricity use during emergencies contributed to power plants not getting fuel during February’s freeze
The Journal’s analysis of grid records shows that participants included dozens of critical pieces of natural-gas infrastructure. Ercot ordered them to stay off for more than four days, as gas prices surged to extraordinary levels and some power plants stopped producing electricity because they couldn’t get enough fuel to function.
The estimated value of the program for the five days of the blackout was about $2 billion and participants including oil-and-gas companies earned a portion of that for turning themselves off at Ercot’s behest. Two companies petitioned Ercot for permission for idled facilities to come back sooner, the grid operator said.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year-End 2020 .
Ormat Technologies, Inc.January 27, 2021 GMT
RENO, Nev., Jan. 27, 2021 (GLOBE NEWSWIRE) Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its fourth quarter and year-end 2020 financial results in a press release that will be issued on Wednesday, February 24, 2021, after the market closes. The Company has scheduled a conference call to discuss its results and growth expectations at 9 a.m. ET on Thursday, February 25, 2021.
To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the call. If calling outside of the United States and Canada, please dial 1-412-902-4141. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be webcast live from the
Provided by GlobeNewswire
Jan 27, 2021 12:36 PM UTC
RENO, Nev., Jan. 27, 2021 (GLOBE NEWSWIRE) Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its fourth quarter and year-end 2020 financial results in a press release that will be issued on Wednesday, February 24, 2021, after the market closes. The Company has scheduled a conference call to discuss its results and growth expectations at 9 a.m. ET on Thursday, February 25, 2021.
To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the call. If calling outside of the United States and Canada, please dial 1-412-902-4141. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of the Company s website.
Ormat jumps on Texas energy storage acquisition
Ormat’s wholly owned subsidiary, Viridity Energy Solutions Inc., will design, build, own and operate a 25 MW battery energy storage system (BESS) project at the site.
Israeli geothermal and recovered energy generation provider Ormat Technologies Inc. (NYSE: ORA; TASE: ORA) has announced that it has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas. No financial details about the acquisition were disclosed.
Ormat s share price jumped 5.13% on Wall Street on Friday to $86.52, giving a market cap of $4.83 billion.
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Ormat acquired the asset from Con Edison Development. Ormat’s wholly owned subsidiary, Viridity Energy Solutions Inc., will design, build, own and operate a 25 MW battery energy storage system (BESS) project at the site. The project is co-located with an operational 157 MW solar PV generating facility that is owned and operated by CED Upton County Solar, LLC. Ormat i
Ormat Acquires Shovel-Ready Texas Energy Storage Project solarindustrymag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from solarindustrymag.com Daily Mail and Mail on Sunday newspapers.