Ormat selected for approximately $35 million in geothermal funding
Ormat ($ORA) was selected for approximately $35 million of US Department of Energy funding across geothermal development projects. The awards include about $25 million for enhanced-geothermal work at Dixie Valley with SLB and the University of Utah, alongside support for hydrothermal work at Cove Fort. The projects address different ways of expanding access to geothermal resources. The funding remains subject to negotiations and final agreements. It therefore represents a potential contribution
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