Ormat Technologies GRE power plant commences commercial operations

Source: Ormat Technologies, Inc.

Ormat Technologies, Inc. (NYSE:ORA), announced that the GRE Recovered Energy Generation (REG) power plant is in commercial operation. 

The project is a 5.5 MW net power plant that converts the waste heat from the exhaust of a gas turbine in a compressor station along a natural gas pipeline in Martin County, Minnesota. The electricity produced by the project is sold to Great River Energy, under a 20 year power purchase agreement. 

"We are very happy to bring into commercial operation this most recent REG unit along the Northern Border gas pipeline. This is the 10th REG unit we own and operate in the U.S., that brings the total installed capacity to approximately 53 MW and contributes to the important goal of emission free power generation," said Dita Bronicki, Chief Executive Officer of Ormat. 

The ORMAT® REG facilities consist of ORMAT® ENERGY CONVERTERS (OEC) based on Organic Rankine Cycle technology, which converts recovered heat to electricity without the need for any additional fuel or water. The OEC units are environmentally benign, with no emissions of CO2 or NOX.

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