TOPP2 Power Plant Sale and Energy Storage Expansion
Sector: Geothermal • Location: New Zealand, Indonesia, United States
Ormat Technologies achieved a significant revenue increase driven by the sale of the TOPP2 power plant in New Zealand and strong expansion in its Energy Storage division. The company also invested $25 million in a new Indonesian geothermal concession and secured a long-term Power Purchase Agreement with data center operator Switch. Additionally, Ormat issued $1 billion in convertible notes to fund
- Status
- Under Construction
- Sector
- Geothermal, Energy Storage, Power Generation (CCGT), Data Center
- Location
- New Zealand, Indonesia, United States
- Updated
- 22 Jul 2026
- Source
- Kavout | AI
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Project Information
Participants
| Not available for this record. |
Status
Original status | ongoing |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Ormat Technologies achieved a significant revenue increase driven by the sale of the TOPP2 power plant in New Zealand and strong expansion in its Energy Storage division. The company also invested $25 million in a new Indonesian geothermal concession and secured a long-term Power Purchase Agreement with data center operator Switch. Additionally, Ormat issued $1 billion in convertible notes to fund ongoing capital spending, greenfield expansion, and potential acquisitions. |
Original sector | Energy |
Budget |
Location
Country | New Zealand, Indonesia, United States |
Source
Source | Kavout | AI |
URL |
More Details
Record type | Project |
Sector | Geothermal, Energy Storage, Power Generation (CCGT), Data Center |
Article published date | 2026-07-14 |
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