Viridity

Ormat Adopts Hybrid Solar+Geothermal Tech

Ormat Technologies, the world leader in geothermal energy, is once again going hybrid, adding solar energy to a geothermal plants to raise efficiency and to boost income from the energy off-taker, Southern California Public Power Authority (SCPPA). The 18 megawatt photovoltaic solar installation will cover the geothermal plant’s parasitic, or operational energy consumption, freeing up power that SCPPA agreed last year to purchase at a hefty rate of $75.50/MW-hour.

$8.5 Million Raised By Viridity Energy

Battery storage solutions provider Viridity Energy has raised $8.5 million from AltEnergy LLC. Viridity makes demand response and management software to optimize energy revenue and cost reductions, in combination with battery storage solutions. AltEnergy is an investment firm that focuses on demand response, renewables, energy storage, high-voltage transmission, demand management, and cyber security. It … [continued]