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Press release content from Globe Newswire. The AP news staff was not involved in its creation. Ormat Expands Energy Storage Presence, Acquires a Shovel-Ready Project in Upton County, Texas Ormat Technologies, Inc.December 16, 2020 GMT RENO, Nev., Dec. 16, 2020 (GLOBE NEWSWIRE) Ormat Technologies, Inc. (NYSE: ORA) today announced that it has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas. 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 is targeting commercial operation of the BESS before the end of 2021.

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