Ormat wins $35m US funding
The Israeli geothermal energy company has received US Department of Energy funding for projects in Nevada and Utah
Assessment
Ormat has secured $35 million in US Department of Energy funding for geothermal projects in Nevada and Utah. This is a significant financial endorsement from the US government for a specific Israeli company in the clean energy sector. The funding signals continued American investment in geothermal technology and infrastructure in the western states. Watch for how Ormat deploys this capital and whether it leads to further federal contracts.