Bottleneck Energy Storage
Ormat stated the Bottleneck project is expected to be eligible for a 40% Investment Tax Credit, which the company planned to monetize.
80MW
Capacity
320MWh
Storage
BESS
Technology
CA
Location
Deal Details
- Deal Type
- ITC monetization
- Seller / Sponsor
- Ormat Technologies
- Deal Value
- Undisclosed
- Stage
- operating
- ISO/RTO
- CAISO
Related Deals
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
Sage Geosystems $97M+ Series B — Pressure Geothermal power + long-duration energy storage
Sage Geosystems → Ormat Technologies ($25M, co-lead), Carbon Direct Capital (co-lead), Exa, Nabors, alfa8, Arch Meredith, Abilene Partners, Cubit Capital, Ignis H2 Energy, SiteGround Capital, UC Berkeley Foundation Climate Solutions Fund
$97M+
Geothermal portfolio — 150 MW (likely Nevada / WECC)
Ormat Technologies → Google
Mira Loma Battery Storage Facility — 20 MW / 80 MWh Li-ion (~400 Tesla Powerpacks)
Tesla → Southern California Edison
20 MW
Vistra Moss Landing — 300 MW / 1,200 MWh BESS Phase I (world's largest at COD)
Vistra Energy → PG&E (20-yr Resource Adequacy)
300 MW
Section 45X Advanced Manufacturing Production Tax Credits (AMPCs) from US-manufactured solar modules (Ohio + Alabama + Louisiana facilities)
First Solar → Fiserv, Inc.
Up to $700M (at $0.96/$1)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.