How geothermal energy wells look, and work. Image via Academic.evergreen
With contacts and plants in place around the world, Ormat founded in Israel and headquartered in the US, reports that its geothermal plant in Guatemala has sustained volcano and then tropical storm damage. Ormat which is traded on the Tel Aviv Stock Exchange (TASE: ORMT) and on the New York Stock Exchange (NYSE: ORA) told the Israeli paper Globes that the Tropical Storm Agatha damaged the plant’s heat gathering system.
Geothermal energy collection works by taking the energy given off by the earth’s crust and converting into mechanical energy (see above). According to the media report, Ormat said that most of its wells can be re-connected to the 20 megawatt plant and that operation, at least partial operation, will resume quickly. The company is now talking to its insurance company over payments for losses incurred. Thankfully, no personnel were injured at the plant, the Penn Energy news site reports.
Meanwhile shares should be up as Ormat makes a bid to be the first geothermal energy generator in the State of Alaska, BrighterEnergy.org reports. EnergyBoom too.
::Globes
More on Ormat:
Ormat in Indonesia
Sunday and Ormat Build Largest Solar Roof in the Middle East
Google With Ormat?
Author: Karin Kloosterman
Karin Kloosterman is an award-winning journalist, innovation strategist, and founder of Green Prophet, one of the Middle East’s pioneering sustainability platforms. She has ranked in the Top 10 of Verizon innovation competitions, participated in NASA-linked challenges, and spoken worldwide on climate, food security, and future resilience. With an IoT technology patent, features in Canada’s National Post, and leadership inside teams building next-generation agricultural and planetary systems — including Mars-farming concepts — Karin operates at the intersection of storytelling, science, and systems change. She doesn’t report on the future – she helps design it. Reach out directly to [email protected]
