Tuesday, November 24, 2015

Science & Technology: Batteries and Compressed Air Storage Adds Flexibility to Geothermal Energy

Geothermal Developers Consider Energy Storage as a Way to Grow Business in a Tough Market (Greentech Media)

With the geothermal business in a rut, developers look to batteries and compressed air storage.

Steam venting at dusk at Zorlu Energy's Ala┼čehir
geothermal power plant in Turkey, by Tim Dunford,
POWER Engineers, Inc., Hailey, Idaho, USA
Ormat Technologies, a leading geothermal developer based in Nevada, is being secretive about plans to get into the energy storage business.

The company, which is dealing with a stagnating U.S. geothermal market, indicated in April that it wanted to explore other areas of business -- both geographically and technologically. Those plans will include storage.

During a third-quarter earnings webcast earlier this month, CEO Isaac Angel claimed that the company is “progressing well” in storage and would soon have a development deal. He also indicated that Ormat would be combining geothermal with solar to offer a “blended solution.”

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