Ormat said it began commercial operations at the Shirk energy storage facility, an 80MW/320MWh battery system in Visalia, California. The project has a 15-year resource adequacy purchase and sale agreement with the City of Riverside. Ormat said the facility qualifies for a 40% investment tax credit and will be monetized through a hybrid tax equity partnership with Morgan Stanley Renewables.
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 on March 12, 2026, and is solely responsible for the information contained therein.
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