RENO, Nev., Aug. 1, 2011 /PRNewswire/ -- Ormat Technologies,
Inc. (NYSE: ORA) announced today that it has completed the
modification of the 20MW Burdette (Galena1) power plant into an
Evaporative Cooling configuration.
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This modification is another step in a multiyear research and
development (R&D) program that tested different methods to
implement evaporative cooling as well as the associated water
treatment solutions.
Evaporative cooling allows increasing power generation from air
cooled facilities by as much as 30% during the hot hours of the
day.
The implementation of this system in the moderate to dry
climates, especially in the High Desert, generates more energy per
year than water cooled systems with a fraction of the water and
chemical consumption of a traditional water cooled system.
From the consumer's side the implementation of this system
further increase the value of geothermal energy as it increases the
available energy to the grid at "Summer
Peak", the hours of high demand, while maintaining it smooth
and predictable dispatch curve which is not affected by temporary
cloud coverage or changes to the wind regime.
Ormat currently operates approximately 180 MW in suitable
climates and expects to add another 60MW in the near
future. Ormat plans to implement the learning from
the operation of the Burdette plant both in its existing fleet and
in future installations.
About Ormat Technologies
Ormat Technologies, Inc. is the only vertically integrated
company primarily engaged in the geothermal and recovered energy
power business. The Company designs, develops, owns and operates
geothermal and recovered energy-based power plants around the
world. Additionally, the Company designs, manufactures and sells
geothermal and recovered energy power units and other
power-generating equipment, and provides related services. The
Company has more than four decades of experience in the development
of environmentally-sound power, primarily in geothermal and
recovered-energy generation. Ormat products and systems are covered
by 80 U.S. patents. Ormat has engineered and built power plants,
that it currently owns or has supplied to utilities and developers
worldwide, totaling approximately 1370 MW of gross capacity.
Ormat's current generating portfolio includes the following
geothermal and recovered energy-based power plants: in the United States - Brady, Brawley, Heber,
Jersey Valley, Mammoth, Ormesa, Puna, Steamboat, OREG 1, OREG 2,
OREG 3 and OREG 4; in Guatemala -
Zunil and Amatitlan; in Kenya –
Olkaria III; and, in Nicaragua -
Momotombo.
Ormat's Safe Harbor Statement
Information provided in this press release may contain
statements relating to current expectations, estimates, forecasts
and projections about future events that are "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements generally relate to
Ormat's plans, objectives and expectations for future operations
and are based upon its management's current estimates and
projections of future results or trends. Actual future results may
differ materially from those projected as a result of certain risks
and uncertainties. For a discussion of such risks and
uncertainties, see "Risk Factors" as described in Ormat
Technologies, Inc.'s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on February 28, 2011.
These forward-looking statements are made only as of the date
hereof, and we undertake no obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise.
Ormat Technologies
Contact:
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Investor Relations
Contact:
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Dita Bronicki
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Todd Fromer / Rob
Fink
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CEO
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KCSA Strategic
Communications
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775-356-9029
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212-896-1215 (Todd)
/212-896-1206(Rob)
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dbronicki@ormat.com
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tfromer@kcsa.com/rfink@kcsa.com
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SOURCE Ormat Technologies, Inc.