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| Isaac Angel, Chief Executive Officer (center) rings the opening bell at the New York Stock exchange |
“In our electricity segment, we continue to expect to add 160 to 190 megawatts of capacity by the end of 2018,” noted Isaac Angel, Chief Executive Officer. “We will achieve this by bringing new plants online, expanding existing plants and adding capacity from our acquisition of a geothermal power plant in the Island of Guadeloupe in the Caribbean”.
During the quarter, we also made our first announcement related to one of the key component in our long-term strategic goals. We signed an agreement to jointly build, own, and operate with Alevo, an energy storage project in Georgetown, Texas. Entering the energy storage market will advance our goals of transitioning from a geothermal company to a recognized leader in the renewable energy industry”.
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