Ormat, Toshiba Announce Strategic Collaboration Agreement

Ormat Technologies Inc.

and Toshiba Corporation

announced Wednesday that the two companies have signed a strategic collaboration agreement (SCA) to develop strategic opportunities for collaboration in the areas of geothermal power generation systems and related equipment. Under the terms of the agreement, the parties will explore and develop strategic opportunities that will enable them to offer potential customers a more competitive solution for comprehensive supplies and services related to geothermal developments, from resource assessment, field development, power plant engineering, procurement and construction (EPC) to power plant operation. Geothermal power plants generally utilize either a binary system or a