Tuesday, April 19, 2016

USA, Nevada: "Entering the Energy Storage Market is a Key Component of our Long-Term Growth Plan" - Ormat CEO

Alevo batteries from Concord plant headed to Texas (Charlotte Business Journal)

(Courtesy Alevo Energy)
Concord-based Alevo Energy and Nevada-based Ormat Technologies will install a 10-megawatt battery storage system by year end to provide grid services to the Electric Reliability Council of Texas.

Alevo and Ormat will install three GridBank battery systems and six power-conversion systems, manufactured by Parker Hannifin’s Grid Tie unit in Charlotte, North Carolina.

Ormat is contracted to do the construction work, and Alevo will be responsible for operation and maintenance of the system.

Alevo President Chris Christiansen says the partnership with Ormat, already a leader in geothermal energy development, is attractive. Alevo and Ormat “look forward to building a long lasting relationship as we move towards a more efficient energy market,” Christiansen says.

Ormat CEO Isaac Angel says the move is important to his company as well.

“Entering the energy storage market is a key component of our long-term growth plan, helping us to further diversify revenues,” he says. “We anticipate that collaborating with Alevo, with its innovative technology and global presence, will allow us to make significant progress towards our expansion in this field.”