The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling over 2,900 MW of gross capacity. ![]() Ormat’s flexible, modular solutions for geothermal power and REG are ideal for vast range of resource characteristics. Ormat has 584 employees in the United States and 762 overseas. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with the objective of becoming a leading global provider of renewable energy. With over five decades of experience, Ormat Technologies, Inc. This power purchase agreement with Ormat for CD4 demonstrates Colton’s commitment to a green economy with affordable energy prices for our citizen’s while committing to zero emission sustainable resources.” CD4 will provide almost 25 percent of Colton’s annual energy supplies. ![]() “CD4 will be a long-term, renewable resource with no greenhouse gas emissions and will provide resource adequacy capacity and energy at an affordable price to Colton’s ratepayers. ![]() “The Colton Electric Department looks forward to taking delivery of energy from a geothermal facility as the cornerstone of our renewable resources,” said, Colton Mayor, Frank Navarro. We are delighted to be chosen again by SCPPA and greatly appreciate their confidence in Ormat.” CD4 Project is a new state-of-the-art air-cooled binary geothermal facility that is renewable and will have no CO2 emissions, will provide resource adequacy and ancillary benefits. CD4 will allow the City of Colton to meet its clean energy standards while also ensuring grid reliability. Isaac Angel, CEO of Ormat Technologies said, “This strategic PPA supports Ormat’s long-term plans to grow our geothermal business domestically. Ormat intends to sell the balance of 14MW to other offtakers or at the spot market. The PPA is for a term of 25 years and has a fixed price of $68 per MWh. The 16MW of energy deliveries under the PPA will begin no later than the end of 2021 with an extension option. The CD4 power plant will be the first geothermal power plant built within the California Independent System Operator (CAISO) balancing authority in the last 30 years. SCPPA will resell the output to the City of Colton. Under the PPA, SCPPA will purchase 16MW of power generated by the expected 30MW Casa Diablo-IV (CD4) geothermal project located in Mammoth Lakes, California. (NYSE: ORA) today announced the signing of a Power Purchase Agreement (PPA) between a subsidiary of the Company and Southern California Public Power Authority (SCPPA). ![]() (Silicon Valley Clean Energy & Central Coast Community Energy).RENO, Nev., Ma(GLOBE NEWSWIRE) - Ormat Technologies Inc. CD4 is the first geothermal power plant built within the California Independent System Operator (CAISO) balancing authority in the last 30 years and will be the first in Ormat’s portfolio to sell its output to Community Choice Aggregators. The Geothermal Facility Will Utilize Ormat’s Binary Technology to Further Reduce Greenhouse Gas Emissions and Decarbonize the California Power Grid. We have worked in extreme conditions, through fire season, snow storms and Supply chain issues, and still were able to deliver a state-of-the-art geothermal power plant that produces 30 MW of clean, renewable electricity for 22,000 homes, offsetting 160,000 tons of CO2 emissions, Employing locally and generating local tax revenues.ĬD4 is a state-of-the-art, air-cooled binary facility that provides stable and reliable renewable benefits twenty-four hours a day, with zero carbon emissions. We are proud and excited to announce the commercial operation of our newest geothermal power plant – Casa Diablo 4 (CD4)!
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