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    Ormat announces commercial operation of Hinesburg battery energy storage system, under an agreement with Vermont electric cooperative

    August 5, 2020


    Lewisville, Texas Lone Star Demand Response and Viridity Energy Solutions, Inc. have signed a new 5 years business to business agreement to continue the delivery of first-class demand response (DR) curtailment management services throughout times of high electricity demand. This will bring Lone Star Demand Response, LLC into a position to carry on with protecting the various generation and transmission systems from overloading during peak-times and to fine-tune the demand to match the available supply.

    Lone Star Demand Response, LLC is known in the Energy Production, Manufacturing, Processing, and Data Center industries for providing mission-critical, authorized DR curtailments in collaboration with the Electricity Reliability Council of Texas (ERCOT). “We are enthusiastic to continue our extraordinary work and success with Viridity Energy” said Keith M. Vauquelin, Chief Executive Officer of Lone Star Demand Response. “Teaming up with Viridity Energy to provide DR service delivery excellence for our electricity users has always been an exciting development for our company”.

    Viridity Energy Solutions, Inc. provides Demand Response & Energy Management (DR&EM) services to end customers, business partners, and utilities throughout the United States. Paul Reed, Director of Demand Response & Energy Management for Viridity, stated “The partnership with Lone Star has been a premier example of complimentary partnerships. Leveraging our combined experiences has enabled top notch customer service, strong performance, and high-growth. We look forward to the continued success of our approach.”

    About Lone Star Demand Response, LLC

    Founded in 2017, Lone Star Demand Response is known for its dedication to flawless, business-critical success, demand response curtailment service delivery in any circumstances. The company’s mission is to do unquestionable and recognizable superior-quality work for all Texas-based ERCOT DR customers. Lone Star Demand Response currently serves a substantial portfolio of over 175 MW of commercial and industrial electricity end-users and examines DR participation potential with a huge respect for, and commitment to, customer human safety and infrastructure investment.

    Lone Star Demand Response is based in Texas and understands and supports the unique business and cultural environment of Texas. The company is dedicated to the proposition of ensuring world-class service delivery to ERCOT electricity customers.

    For more information about Lone Star Demand Response, LLC visit its website at https://www.lonestardemandresponse.com/ .

    About Viridity Energy Solutions Inc. Viridity Energy Solutions, a wholly owned subsidiary of Ormat Technologies, Inc. is a leading battery storage and distributed generation, demand response, and energy management solution provider. Through its unique, flexible and turn-key VPower™ software and services platform, Viridity maximizes energy revenue and savings for its customers. Viridity empowers customers to earn revenue and visualize performance through its market leading VPower™ optimization


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    October 24, 2019


    RENO, Nev. October 24, 2019, Ormat Technologies, Inc.¹ (NYSE: ORA) today announced the commercial operation of the Hinesburg Battery Energy Storage System (Hinesburg BESS) under an agreement with Vermont Electric Cooperative (VEC). The project is a collaborative effort between our wholly owned subsidiary, Viridity Energy Solutions, Inc. (Viridity), VEC, and WEG Electric Corp (WEG). A ribbon cutting ceremony to officially mark the launch of Hinesburg BESS is scheduled for 3p.m. on October 24, 2019 at the project site, which is located at 1121 Pond Brook Road Hinesburg, Vermont.

    Through an innovative partnership structure, Viridity teamed with WEG to compete for the project via a competitive RFP process and was selected to develop and install the BESS in the fall of 2017.

    “We brought together the best products, services and engineering talent to deliver a battery energy storage system that will provide cost and reliability benefits to VEC and its customers for years to come,” commented Isaac Angel, Chief Executive Officer. “The system, which was delivered according to the agreed upon schedule, not only supplies up to 4 megawatt hours of energy at peak consumption times, but also provides much needed ancillary services to the region’s power grid. We are proud to bring on-line our first BESS project in New England, as part of our strategy to develop, own and operate energy storage facilities in several key US markets, also including PJM, Texas and California.”

    Under the terms of the agreement with VEC, Ormat via Viridity built, owns and operates the lithium battery energy storage system and will provide coincident peak load reduction services to VEC over a minimum term of 10 years. Now in commercial operation, Viridity schedules, dispatches, monitors and supports the system 24 hours a day, 365 days a year to achieve VEC’s and Ormat’s mutual business objectives. The Hinesburg BESS increases flexibility for VEC, allowing it to draw power from the battery during peak demand times to reduce VEC’s transmission costs and also help stabilize fluctuations in voltage and frequency as the supply and demand for electricity varies. VEC and its customers benefit from the peak load management services while Ormat benefits from generating revenues by operating the system in the merchant markets managed by the New England Independent System Operator (ISONE).

    WEG’s Vermont based energy storage business unit served as system integrator and equipment supplier providing a turnkey solution that interfaces with Viridity’s on-site energy management system and remote network operations center. WEG’s inverters and controls are integrated with Samsung lithium batteries and balance of system components at the VEC owned site, which is adjacent to VEC’s Hinesburg substation. WEG also provided overall engineering and construction, testing and commissioning services of the Hinesburg BESS and is currently providing operations and maintenance related services.
    The system is sized to provide a guaranteed 1MW discharge during one to four hours per forecasted event over the ten-year agreement.

    “Energy storage as a service, where utilities and other customers can avoid a capital investment, and only pay for the benefits received will be an enabler for rapid deployment on the grid, similar to what was done in the solar industry over the last 10 years,” remarked Chris McKay, Director of Sales for WEG’s BESS business. “We’re proud that our Vermont based engineering and project team was able to execute for a local utility like VEC through our partnership with Ormat via Viridity.”
    “Storage is a key part of the energy transformation that is now thoroughly underway to ensure an affordable and reliable grid,” said Rebecca Towne, CEO of Vermont Electric Cooperative. “This one megawatt battery is VEC’s first utility-scale storage project and it is already helping VEC save up to $100,000 per year by reducing peak loads. It will also help to reduce regional carbon emissions during peak times when the grid relies on dirtier, fossil-fuel powered generators across New England. We are proud of this project and appreciate this successful partnership with WEG and Viridity.”


    With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”), with the objective of becoming a leading global provider of renewable energy. The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. With 77 U.S. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has 584 employees in the United States and 762 overseas. Ormat’s flexible, modular solutions for geothermal power and REG are ideal for vast range of resource characteristics. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling over 2,900 MW of gross capacity. Ormat’s current 917 MW generating portfolio is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe. Ormat expanded its operations to provide energy storage and energy management solutions, by leveraging its core capabilities and global presence as well as through its Viridity Energy Solutions Inc. subsidiary.


    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’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 1, 2019 and from time to time, in Ormat’s quarterly reports on Form 10-Q that are filed with the SEC.
    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.


    [1] Ormat Technologies, Inc. is also referred to herein as the “Company”, “Ormat”, “we” or “us”


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    June 4, 2018

    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.

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