Ormat Technologies Launches First Hybrid Solar-Plus-Storage Project in California

Reuters01-06

Ormat Technologies Launches First Hybrid Solar-Plus-Storage Project in California

Ormat Technologies Inc. has announced the commencement of commercial operations at its Arrowleaf solar and battery energy storage project in California. Arrowleaf is the company's first hybrid solar-plus-storage facility, expanding Ormat's total operating portfolio to approximately 1.7 gigawatts. The project operates under a long-term tolling agreement with San Diego Community Power. In December 2025, Ormat successfully monetized the project's tax benefits, collecting over $160 million in tax credits, which exceeded its full-year target and strengthened its financial position. This milestone supports the company's continued growth and advances its strategic objectives for 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9620604-en) on January 06, 2026, and is solely responsible for the information contained therein.

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