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Ormat Technologies Secures Tolling Deals for ERCOT BESS Projects, Expanding Energy Storage Footprint in the U.S.

Ormat Technologies has secured seven-year tolls for two ERCOT BESS projects, set to come online in Q4 2025. These are the first times Ormat has secured tolling deals in the ErcOT market. The deals allow Ormat to proceed with the construction of a third project, the 100MW/200MWh Louisa project. The firm also recently signed a resource adequacy (RA) agreement for a BESS in California, which is a long-term, guaranteed source of revenues. These agreements are growing in popularity in the energy storage market, particularly in the US and Australia, but also emerging in the UK.

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