Ormat Selected for Approximately $35 Million in U.S. Department of Energy Funding to Advance EGS and Hydrothermal Development
Ormat Technologies was selected for approximately $35 million in U.S. Department of Energy funding to advance enhanced geothermal systems and hydrothermal development. The funding will support development activities at Ormat's Dixie Valley, Nevada and Cove Fort, Utah geothermal projects.
Why it matters — The DOE funding provides financial support that could advance Ormat's geothermal development projects at Dixie Valley and Cove Fort, potentially strengthening its position in the enhanced geothermal systems market.