USA, Nevada:

Ormat Technologies To Benefit From Tesla's Gigafactory? (Seeking Alpha)

"Long-term, I believe the energy requirements from the gigafactory and the need for a sufficient base load would require an investment of geothermal infrastructure by Tesla."

Tesla's gigafactory is ready to begin construction and is estimated to be operational sometime in 2017. This massive facility will be around 10 million square feet and will become the largest lithium battery factory in the world. Once running at full capacity, it will produce more lithium batteries annually than all the existing plants in the world did in 2013.

In order to fulfill Tesla's vision, a huge quantity of renewable energy will be required to power the gigafactory. Ormat Technologies, a leading geothermal power producer headquartered in Reno, Nevada, is a leading contender to supply Tesla with the geothermal energy they need.

Tesla can come in right away and establish access to 78 MW of geothermal power. It's unclear if Tesla would tap into the existing Steamboat complex, owned and operated by Ormat, or build its own geothermal plant onsite. Either way Ormat Technologies stands to benefit.

Ormat Technologies, Inc. will be at booth #639 in the GEA Expo, being held in conjunction with the GRC Annual Meeting, September 28 - October 1 at the Oregon Convention Center, Portland, Oregon, USA.

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