Reno, Nevada-based Ormat Technologies Inc., a geothermal and renewable energy company, has secured 1,678 acres in Utah through a Bureau of Land Management (BLM) lease auction. The company said the lease acquisitions will significantly support Ormat’s ongoing operations and development projects in the state to advance renewable energy and meeting Utah’s increasing demand for sustainable energy.
The newly leased acres should allow Ormat to develop two new power plants near its Cove Fort facility that it purchased last year. Exploration work on the first new plant (Cove Fort 2) is expected to begin in 2025 and achieve commercial operation in 2027. The second plant (Cove Fort North) will be developed at a Please log in to see the rest of this story.
