(photo:news.cent.com)
The Israeli renewable energy firm Ormat Technologies Inc. signed a 20-year contract with eBay to provide with a 5-megawatt recovered energy generation (REG) power plant to be constructed in Utah. Ormat now has installed REG capacity of more than 160 megawatts in the United States. Ormat Technologies announced that REG offers energy efficiency and these benefits align with President Obama's national goal set by Executive Order to deploy 40 gigawatts of energy efficiency in the US by the end of 2020.
This agreement was made possible by the law called SB12 which enables non-utility energy consumers to buy and transmit power directly from developers (passed in 2012).
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