Latest news with #COD
Yahoo
2 days ago
- Business
- Yahoo
Balanced Rock Power Accelerates a Sustainable Future with Landmark Project Wins
Leading renewable energy developer secures five major deals, exemplifying expertise in large-scale energy storage solutions and building a sustainable future MOAB, Utah, June 02, 2025--(BUSINESS WIRE)--Balanced Rock Power (BRP), a leader in solar and energy storage development dedicated to delivering clean energy across America, is proud to announce significant progress and momentum in its renewable energy projects. A key highlight is BRP's development and sale of the Two Brothers Battery Energy Storage System (BESS) project, marking the sale of BRP's third BESS project sited in Electric Reliability Council of Texas (ERCOT). Alongside the success of the 150MW Two Brothers project, BRP has continued to demonstrate project development excellence with the additional sales of 2,625 MW of Solar and BESS projects located in Arizona, California and Texas in 2024 and 2025. "Our recent project sale closings underscore our proven expertise in large-scale solar and energy storage solutions, positioning us at the forefront of the transition to clean, reliable and affordable energy," said John Knight, CEO of Balanced Rock Power. "With a dedicated team and innovative strategies, we're committed to expanding our portfolio and accelerating the shift toward a more sustainable and resilient energy landscape." BRP's ERCOT investment thesis focuses on targeted load pockets within Houston and South zones, known for persistent congestion and volatility, alongside rising load demands. Beginning in Q1 2022, BRP's dedicated development teams systematically screened hundreds of substations throughout South Texas to identify high-potential nodes and land parcels, setting the foundation for successful project siting. Situated along the Texas Gulf Coast — an area characterized by chronic transmission challenges — Two Brothers was strategically located in a region where traditional fixes fall short in alleviating congestion, thereby safeguarding long-term revenue streams. Despite an interconnection queue saturated with ERCOT BESS projects, Two Brothers garnered investor interest due to its thoughtful siting, long-term economic advantages, and a clear path to project completion — supported by an executed interconnection agreement and long-lead equipment procurement. The project achieved critical milestones, including procurement of HV breakers and GSUs, ensuring it can meet the COD outlined under its signed SGIA. Sold to a private equity-backed storage IPP in Q2 2025, the project underscores BRP's ability to efficiently develop and execute large-scale energy storage solutions. Balanced Rock Power remains committed to expanding its portfolio of clean energy assets, leveraging its development expertise, strategic siting, and innovative transaction strategies to drive sustainable growth and energy transition. To learn more about Balanced Rock Power, visit About Balanced Rock Power Balanced Rock Power is committed to driving the business of clean energy and accelerating a sustainable future. BRP's development activities prioritize large utility-scale solar and battery energy storage assets through greenfield development and accretive acquisitions. Founded by a seasoned team with over 50 years of experience in renewable energy development, BRP develops, invests in, and sells clean energy projects throughout North America. View source version on Contacts info@
Yahoo
27-05-2025
- Business
- Yahoo
Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities
RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the 'Company' or 'Ormat'), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership's transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025. 'This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects' economics and the Company's profitability to ensure that we have the funding we need to support our long-term growth, while simultaneously helping advance our explicit goal of monetizing $160 million of tax benefits this year,' said Doron Blachar, Chief Executive Officer of Ormat Technologies. 'By continuing to effectively monetize the benefits of ITCs for our growing Energy Storage project portfolio through 2026, we are strengthening our ability to further invest in our development pipeline and ensure that we remain well-positioned to support the growing demand for energy storage projects.' Ormat was represented in the transaction by Sheppard Mullin Richter & Hampton, LLP and Morgan Stanley Renewables Inc. was represented in the transaction by Willkie Farr & Gallagher LLP. ABOUT ORMAT TECHNOLOGIES With six 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 robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. 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. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company's activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat's current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S. 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. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words 'may', 'will', 'could', 'should', 'expects', 'plans', 'anticipates', 'believes', 'estimates', 'predicts', 'projects', 'potential', or 'contemplate' or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. 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. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under "Risk Factors" as described in Ormat's annual report on Form 10-K filed with the Securities and Exchange Commission ('SEC') on February 27, 2025, and in Ormat's subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC. These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Ormat Technologies Contact:Smadar LaviVP Head of IR and ESG Planning & Reporting 775-356-9029 (ext. 65726)slavi@ Investor Relations Agency Contact:Joseph Caminiti or Josh CarrollAlpha IR Group312-445-2870ORA@ in to access your portfolio
Associated Press
27-05-2025
- Business
- Associated Press
Ormat Technologies Announces $62 Million Hybrid Tax Equity Partnership for Two Energy Storage Facilities
RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the 'Company' or 'Ormat'), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership's transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025. 'This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects' economics and the Company's profitability to ensure that we have the funding we need to support our long-term growth, while simultaneously helping advance our explicit goal of monetizing $160 million of tax benefits this year,' said Doron Blachar, Chief Executive Officer of Ormat Technologies. 'By continuing to effectively monetize the benefits of ITCs for our growing Energy Storage project portfolio through 2026, we are strengthening our ability to further invest in our development pipeline and ensure that we remain well-positioned to support the growing demand for energy storage projects.' Ormat was represented in the transaction by Sheppard Mullin Richter & Hampton, LLP and Morgan Stanley Renewables Inc. was represented in the transaction by Willkie Farr & Gallagher LLP. ABOUT ORMAT TECHNOLOGIES With six 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 robust plans to accelerate long-term growth in the energy storage market and to establish a leading position in the U.S. energy storage market. 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. The Company has engineered, manufactured and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity. Ormat leveraged its core capabilities in the geothermal and REG industries and its global presence to expand the Company's activity into energy storage services, solar Photovoltaic (PV) and energy storage plus Solar PV. Ormat's current total generating portfolio is 1,538MW with a 1,248MW geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and a 290MW energy storage portfolio that is located in the U.S. 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. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that we expect or anticipate will or may occur in the future, including such matters as our projections of annual revenues, expenses and debt service coverage with respect to our debt securities, future capital expenditures, business strategy, competitive strengths, goals, development or operation of generation assets, market and industry developments and the growth of our business and operations, are forward-looking statements. When used in this press release, the words 'may', 'will', 'could', 'should', 'expects', 'plans', 'anticipates', 'believes', 'estimates', 'predicts', 'projects', 'potential', or 'contemplate' or the negative of these terms or other comparable terminology are intended to identify forward-looking statements, although not all forward-looking statements contain such words or expressions. 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. Although we believe that our plans and objectives reflected in or suggested by these forward-looking statements are reasonable, we may not achieve these plans or objectives. Actual future results may differ materially from those projected as a result of certain risks and uncertainties and other risks described under 'Risk Factors' as described in Ormat's annual report on Form 10-K filed with the Securities and Exchange Commission ('SEC') on February 27, 2025, and in Ormat's subsequent quarterly reports on Form 10-Q that are filed from time to time with the SEC. These forward-looking statements are made only as of the date hereof, and, except as legally required, we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
The Hindu
24-05-2025
- General
- The Hindu
The English conundrum
'Good morning.' No response. The teacher in me was piqued. When will they learn the English etiquette? 'Good morning' is a simple greeting. But 'goodnight' is not so simple. It cannot be used just because it is night time, but only when parting at night or before going to sleep. I have taught English for several years, not just the language and its literature, but also its ethos and etiquette. I admit English is a complicated language, what with its irrational spelling, its idiosyncratic accent, its homophones and homonyms and more. No wonder, Bertrand Russell famously said that 'fish' can be written as 'ghoti' and still pronounced 'fish'! (For 'gh' in words like rough and laugh has the sound of 'f' ; the 'o' in women has the sound of 'i', and the 'ti' in nation and ration has the sound of 'sh'.) When it comes to the English accent, it is even more confusing. For example, the first syllable is accented in 'photograph', the second syllable in 'photographer', and the third in 'photographic'. Aiyyo! (the latest COD has included the word). Confusion confounded. Then there are the homophones, words that have different meanings and spellings, but have the same sound. A lady who had no children went to a doctor about an imaginary ailment. After the examination the doctor said, 'Ma'am, what you need is just sun and air.' The lady replied, 'Unfortunately I don't have both. 'She meant 'son' and 'heir''. Homonyms are words spelt and pronounced alike, but mean different things according to the context in which they are used — for instance, words such as 'bill', 'bowl', and 'hand'. People of different races and regions have different accents when they speak English. Donald Trump's nasal twang has reverberated throughout the world causing a market meltdown. Shashi Tharoor's clipped British accent has baffled even the native speakers, not to mention his sophisticated use of vocabulary. Even he is flummoxed by Gen Z's vocabulary that includes 'fomo' or 'ootd' (fear of missing out and outfit of the day). Mr. Tharoor says that the British have not only looted our country's wealth but also have looted from our language. Many of the English words like catamaran, bungalow, and bandana are derivatives from Indian languages. English literature is what I enjoy best. As a 17 year old, I used to be lost in wonder as Professor Rao quoted with ease the lines from Macbeth. He used to strut across the classroom keeping me spellbound by the magic of Shakespeare's iambic pentameter. His kinesthetic style of teaching was copied by me later. For greater effect, I would put on and take off my reading glasses attached to a chain around my neck, at frequent intervals. The great litterateur and poet Aiyyappa Paniker taught me the different English meters. He was a young professor at that time and initiated me to poetic appreciation. I danced with the daffodils and flew with the west wind. I learned alliteration from Keats' 'beaded bubbles winking at the brim' and onomatopoeia that mimics the sound it describes. I enjoyed reading the classics — Dickens and Hardy, the Bronte sisters and Jane Austen, all of them. I came upon Rushdie's magic realism much later. The reading habit has helped me in my retirement. I am an octogenarian who still enjoys turning the pages of a book. As for the accent, I will stick to my Malayalam accent which can switch a statement into a question by just raising my voice with the ending word! 'Simply' wonderful!
Scottish Sun
19-05-2025
- Entertainment
- Scottish Sun
Call of Duty game is closing down as Activision issues important update to millions of fans – but there's a free upgrade
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CALL of Duty maker Activision has announced that one of the franchise's titles is being retired "effective immediately". The Microsoft-owned gaming behemoth admitted to millions of COD fans that this particular chapter in the game's 23 year history had "not met our expectations". Sign up for Scottish Sun newsletter Sign up 3 Users can no longer download the game Credit: Activision 3 Activision is offering a free upgrade offer on another COD title to those affected Credit: Activision 3 Activision hasn't announced a closure for the game's servers just yet Call of Duty: Warzone Mobile was only released little over a year ago. The free-to-play mobile game hit 15million players in its first four days. But Warzone Mobile didn't appear to match the same success COD has seen on PC, PlayStation and Xbox. The game was withdrawn from Google Play and the Apple's App Store on Sunday in the first step towards closure. And players can no longer spend real currency in the mobile game. However, the game isn't disappearing immediately for those who already have it installed. Activision says servers will "remain available" for now and it will "notify players of any changes". And any remaining COD Points users have can be redeemed in-game towards already available content in the store. There will not be any new seasonal content and gameplay updates, meaning Call of Duty: Warzone Mobile's days are numbered and it will eventually close for good once existing users have used up their points and stopped playing. "This decision was made after careful consideration and while we're proud of the accomplishment in bringing Call of Duty: Warzone to mobile in an authentic way, it unfortunately has not met our expectations with mobile-first players like it has with PC and console audiences," Activision said. Saddam Hussein & Margaret Thatcher appear in ominous Black Ops 6 trailer Some gamers have called the closure an "end of an era". But the vast majority of online reaction seems to be that the decision "isn't surprising". "The game went through so much wrong decision-making, especially with the decision to just tone down the pc/console version for mobile version, instead of developing the game from the ground up," one person wrote on Reddit. "The result? Absolute trash of optimization and quality. Even on any newer flagships, the game runs poorly and looks bad." WHY DO GAMES CLOSE? By Jamie Harris, Assistant Technology and Science Editor at The Sun With most games online these days, tech companies need to maintain quite hefty servers to manage everything. It's no cheap business to operate with millions of gamers across the world. Naturally, people move on, leaving older games behind in the process. There comes a point where it's no longer viable to continue offering server access so studios shut them down. For some games that are entirely online this can render it completely useless. But others may have a way for you to continue playing solo still. You should usually see a prominent notification in the game warning you with instructions on what to do - provided you're still playing the game of course. FREE UPGRADE OFFER Fans of Call of Duty: Warzone Mobile are being offered a free upgrade on the franchise's other mobile title, Call of Duty: Mobile. Call of Duty: Warzone Mobile players can log in to Call of Duty: Mobile using their Activision account and they'll receive COD Points redeemable in Call of Duty: Mobile equal to 2X the amount of their Call of Duty: Warzone Mobile COD Points balance. Plus Activision says it will offer "other awesome rewards". Users will have until August 15 to redeem the promotion.
