Ormat Technologies Begins Commercial Operations of Montague Energy Storage Facility

MT Newswires Live

2024/12/30

Ormat Technologies (ORA) said Monday its Montague energy storage facility has started commercial operations.

The 20 megawatt/20 megawatt hour battery energy storage system in New Jersey will provide ancillary services on the merchant market to Pennsylvania, New Jersey and Maryland, Ormat said.

The project is expected to be eligible for a 30% investment tax credit, the company said.

Price: 67.33, Change: -0.58, Percent Change: -0.85

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