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 Alaşehir
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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