IMPLEMENTION OF ENERGY STORAGE SOLUTIONS FOR MICHIGAN CUSTOMERS

Philadelphia, PA. Viridity Energy Solutions Inc. (“Viridity”), a wholly owned subsidiary of Ormat Technologies, Inc. (NYSE: ORA), today announced that it has signed agreements with Consumers Energy, Inc. (“Consumers Energy”), to provide energy management and demand response software, services, and solutions to Consumers Energy customers in Michigan. Consumers Energy, Michigan’s largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.7 million of the state’s 10 million residents in all 68 Lower Peninsula counties.

Under the agreement, Viridity will provide its platform to enable Consumers Energy Virtual Energy Engineer™ services. Specifically, Viridity will serve as the technology and demand response services provider to Consumers Energy commercial and industrial customers. Viridity’s market-leading software and technology platform has been tailored to the progressive energy programs being implemented by Consumers Energy to assist their customers in effectively managing their energy costs.

Viridity will provide a range of software and services, which will be offered under the Consumers Energy brand. Current solutions include energy usage and demand visualization, energy analytics, peak shaving optimization, energy storage operations, emergency and economic demand response programs, customized alerts to customers for weather, energy prices and energy demand and usage. Viridity and Consumers Energy will continue to implement other leading-edge software and solutions to help the utility’s customers efficiently manage their energy costs, as well as assisting Consumers Energy in grid management.

“We are excited and honored to have been selected by Consumers Energy, one of the largest and most progressive utilities in the U.S., to deliver Distributed Energy Resources (DER) solutions to its customer base. We are confident that the programs will enable Consumers Energy to create energy cost savings for its customers, while also providing grid stability and furthering their carbon reduction goals. Consumers Energy’s focus on continuous innovation and superior customer service fits nicely with Viridity’s market-leading software and DER solutions,” said Mack Treece, CEO of Viridity.

“Consumers Energy is committed to delivering on our mission, “World Class Performance Delivering Hometown Service,” and this newly announced agreement with Viridity reinforces our desire to provide energy solutions that enhance conservation and develop demand response options that benefit our customers. We believe Consumers Energy’s future – and the energy future of Michigan – will be built on a foundation comprised of innovative programs and creative partnerships like this one,” said Lauren Youngdahl-Synder, Vice President of Customer Experience at Consumers Energy.

Download Press Release