Wednesday, January 4, 2017

USA, Nevada: Ormat Diversifies Further Into Energy Storage Market

Ormat Enters the Growing Energy Storage and Demand Response Markets by Acquiring the Business of Viridity Energy (News Release)

Ormat Technologies, Inc. yesterday announced that it has entered into a definitive agreement to acquire substantially all of the business and assets of Viridity Energy, Inc., a privately held Philadelphia-based company with nearly a decade of expertise and leadership in demand response, energy management and storage.

The acquisition, which is expected to close early 2017, will mark Ormat’s entry into the growing energy storage and demand response markets, with an established North American presence.

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