Thursday, September 26, 2013

Utah, USA:

Ormat and eBay to Develop a Recovered Energy Generation Power Plant (NASDAQ)

Ormat Technologies, Inc.'s wholly owned subsidiary entered a Joint Development Agreement (JDA) with eBay Inc. for the development of a 5 MW Recovered Energy Generation (REG) power plant to be constructed in Utah. The JDA allows Ormat and eBay Inc. to advance negotiations on a 20-year term contract and begin preliminary development work to supply cleaner electricity to eBay Inc.'s new Salt Lake City-based data center.

A GRC Field Trip will visit the Ormat developed Goodsprings Recovered Energy Generation Power Plant on Sunday, September 29, as part of the GRC Annual Meeting & GEA Expo being held at the MGM Grand in Las Vegas, Nevada, USA.

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