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Ormat gets big waste heat contract

Since Ormat entered the power plant operation business, there has been some speculation that the equipment business would suffer as Ormat would begin to compete with some customers. However, in what can only be termed a positive development from a shareholder perspective, Ormat’s technology is gathering momentum in the waste heat business. Yesterday the company announced an $11.5M deal with ENGAS of Spain to recover waste heat in their natural gas operations.

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