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Ormat, Toshiba Announce Strategic Collaboration Agreement

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Ormat Technologies Inc. (NYSE: ORA) and Toshiba Corporation (OTC: TOSBF)
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

See full press release

 

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