Ormat Technologies Announces Closing of the Acquisition of Viridity Energy

Ormat Technologies Announces Closing of the Acquisition of Viridity Energy

RENO, Nev., March 15, 2017 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (“Ormat”) (NYSE:ORA) today announced that it has closed its previously announced acquisition of substantially all of the business and assets of Viridity Energy, Inc. (VEI).

VEI is a privately held Philadelphia-based company with nearly a decade of expertise and leadership in demand response, energy management and storage. Using proprietary software and solutions, VEI serves primarily retail energy providers, utilities, and large industrial and commercial clients.