Home Page

Viridity Storage Technology

Viridity’s experienced professionals, proprietary VPower™ software, battery storage and distributed energy resource expertise enable you to save more energy than ever before while improving your bottom line utilizing your generating asset portfolio.

Our Solutions

  • TEXAS FUTURE ENERGY DEMAND IS IN GOOD HANDS

    August 5, 2020

    LONE STAR DEMAND RESPONSE, LLC AND VIRIDITY ENERGY SOLUTIONS, INC. SHAKE HANDS FOR RENEWING THEIR PARTNERSHIP FOR THE NEXT 5 YEARS

    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

     

    Download Press Release

    Read more
  • POMONA ENERGY STORAGE FACILITY ACQUISITION IN CALIFORNIA

    July 21, 2020

    VIRIDITY ANNOUNCES CLOSING OF THE POMONA ENERGY STORAGE FACILITY ACQUISITION IN CALIFORNIA

    $47 Million Acquisition to add a 20 MW / 80 MWh Contracted, Operating Asset to Broaden Viridity's (an Ormat company) Energy Storage Portfolio

    Today announced that its Ormat Nevada Inc. affiliate has closed on the transaction to acquire the 20 MW / 80 MWh Pomona energy storage facility in California from AltaGas Power Holdings (U.S.) Inc. (TSE: ALA) for a total consideration of $47 million, net of working capital adjustment  and other adjustments totaling approximately $3.1 million. The Pomona energy storage facility has been in commercial operation since December 31, 2016 under a 10-year energy storage resource adequacy agreement with Southern California Edison Company. It also participates in the energy and ancillary services markets run by the California Independent System Operator

    The Pomona energy storage facility is one of the largest battery storage assets in operation in the region and our first battery storage asset in operation in California, increasing our existing operating portfolio to 73MW/136MWh and adding to our battery storage assets in New Jersey, New England and Texas.  

    “Ormat continues to expand its presence and capabilities in the energy storage market, one of the most rapidly growing parts of the energy sector,” commented Doron Blachar, Chief Executive Officer. “This acquisition is an important addition to our energy storage segment, and it strengthens our activity in the California market, which is the largest and most attractive market in the US for renewables in general and for energy storage in particular. The facility should improve our storage segment profitability and assist us in meeting our overall goals in this segment. Energy storage resources play a key role in achieving California’s goal to have 100% of its electricity come from carbon-free resources by 2045, by replacing natural gas generators and facilitating massive absorption of renewable energy resources. As such, storage is a key part of the energy transformation, and Ormat continues to utilize its expertise, resources, and access to capital to build presence within the energy storage sector, in key target markets, including California, and continues its evolution into a leader in renewable energy.”

    Read more
  • COMMERCIAL OPERATION OF RABBIT HILL

    April 30, 2020

    Commercial Operation at Full Nameplate Capacity of Approximately 10 MW Started in April 2020

     

    Viridity announced the commercial operation of the Rabbit Hill Battery Energy Storage System (BESS) facility, providing required ancillary services and energy optimization to the wholesale markets managed by the Electricity Reliability Council of Texas (ERCOT). The facility is located in the City of Georgetown, Texas, and it is sized to provide approximately 10 MW of fast responding capacity to the ERCOT market. Ormat’s wholly owned subsidiary Viridity Energy Solutions Inc. designed, built, owns and operates the lithium-Ion-based BESS, using batteries from a tier 1 supplier.

    ”The Rabbit Hill BESS facility is our first energy storage system in Texas” commented Isaac Angel, Chief Executive Officer. “The system provides fast responding capacity, helping ERCOT maintain grid reliability, as it copes with changes in supply and demand, driven by the growing penetration of wind and solar generation, more frequent extreme weather events and other challenges. Our state-of-the-art system was designed to be able to provide all types of ancillary services required by ERCOT, including fast frequency response. Our first BESS project in Texas and the fifth to our Energy Storage and Management Services segment, marks another milestone in our strategy to develop, own and operate energy storage facilities in several key US markets, also including New Jersey, New England and California. Although the COVID-19 pandemic has forced many businesses to operate in new means, Ormat continues to attract new business in the energy storage market, expanding in terms of MW, operation and ownership.”

    LS Energy Solutions served as the system integrator, providing a state-of-the art solution that interfaces with Ormat’s on-site energy management system and remote network operations center.

     

    ABOUT ORMAT TECHNOLOGIES

    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 63 U.S. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has 578 employees in the United States and 830 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 3,000 MW of gross capacity. Ormat’s current 914 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.

     

    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’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 2, 2020 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.

    Read more
  • COMMERCIAL OPERATION OF HINESBURG BATTERY STORAGE SYSTEM

    October 24, 2019

    RIBBON CUTTING CEREMONY TO BE HELD ON 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.”

    ABOUT ORMAT TECHNOLOGIES

    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.

    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’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”

     

    Download Press Release

    Read more
  • CONSTRUCTION OF 40 MWh ENERGY STORAGE SYSTEMS IN NEW JERSEY

    April 16, 2018

    Ormat Technologies, Inc. (NYSE:ORA) announced that its wholly owned subsidiary, Viridity Energy Solutions, Inc., a leading battery storage, distributed generation, demand response, and energy management solution provider expects to start construction of two 20MW/20MWh utility scale, in-front-of-the-meter battery energy storage systems (BESS) located in Plumsted Township and Alpha, New Jersey. The projects were initiated by Ormat’s Viridity and are expected to be operational in the fourth quarter of 2018. Ormat, through Viridity, will finance, construct, own and operate the projects. The BESSs will be utilized to provide ancillary services to assist PJM Interconnection, a regional transmission organization (RTO), in balancing the electric grid, and will also be available as a capacity asset. In 2019, the projects are expected to generate average revenues of between $7 million and $8 million, mainly from ancillary services. The projects’ revenues are based on spot prices and may vary from period to period.

     

    Ormat and Viridity selected Dynapower’s inverters and LG Chem’s modules for the two 20MW/20MWh BESSs. Viridity is also using Dynapower’s package to provide a fully integrated system including the inverters, batteries, thermal management and enclosures. Viridity’s market leading VPower™ software will provide the visualization, optimization, economic value stacking and automated control of the BESS to deliver the optimal economic return and to provide the electric grid with better performance.

    Earlier today Viridity announced a new behind-the-meter 1 MWh project which will serve Atlantic County Utility Authority’s (ACUA) unique ecological green facility by a Battery Storage as a Service model, optimizing the facility economics as well as providing PJM Interconnection grid ancillary services.

     

    Isaac Angel, CEO of Ormat Technologies said, “The construction of these two 20MW/20MWh utility-scale in-front-of-the-meter battery energy storage systems and the initiation of the ACUA behind-the-meter system, mark another significant step in our strategic plan to expand our reach into energy storage and leverage Ormat’s core capabilities in this growing market. We believe these projects, along with additional initiatives we are working on, will augment our growth over the next few years. The offering Ormat and Viridity bring to the market represent a comprehensive end-to-end value in energy management analytics and optimization from load and distributed resources management as well as energy storage as a service. We are actively pursuing opportunities and partnerships in the US and globally to utilize our comprehensive offering and capabilities.” 

     

    “With the 2017 change in the PJM’s market signal, Viridity and Ormat’s engineering teams worked with BESS partners in designing a battery storage system that is tailored to ensure the highest possible performance in the PJM market, thus maximizing the economic return,” said Mack Treece, CEO of Viridity. “Combining our engineering expertise with the industry leading value-stacking algorithms in Viridity’s VPower™ software positions us to produce above industry averages for revenue and savings generated per kW of battery storage.”

     

    ABOUT ORMAT TECHNOLOGIES

    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 530 employees in the United States and 770 overseas. Ormat’s flexible, modular solutions for geothermal power and REG are ideal for the 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 2,500 MW of gross capacity. Ormat’s current approximately 800 MW generating portfolio is spread globally in the U.S., Guatemala, Guadeloupe, Honduras, Indonesia and Kenya. In March 2017, 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, a Philadelphia-based Company with nearly a decade of expertise and leadership in energy storage, demand response and energy management.

     

    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 Form 10-K filed with the SEC on March 16, 2018.

    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.

    Read more
  • IMPLEMENTION OF ENERGY STORAGE SOLUTIONS FOR MICHIGAN CUSTOMERS

    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.

    Download Press Release

    Read more

Projects All Over America

ACUA
PLUMSTED
HINESBURG
Explore More Projects

There is no better time than now

Let's get to work!

We are here to collaborate with you to solve the energy challenges in your network.
Tell us what you need and we will find the right solution for you

Contact Us

Ormat Technologies, Inc.

we’re always on! Delivering renewable power and energy solutions to our customers around the clock and around the world.
Clean, reliable energy solutions provided from geothermal, recovered energy, Solar PV as well as energy management and storage solutions, is our expertise, commitment and focus.

Go to Website