Ormat Technologies has signed a strategic commercial agreement with Sage Geosystems Inc. to accelerate the deployment of Sage’s pressure geothermal technology, aiming to advance next-generation geothermal energy and storage solutions.
Under the agreement, Sage will pilot its pressure geothermal system at an existing Ormat power plant, extracting heat from hot dry rock. Ormat said the collaboration is expected to shorten development timelines for geothermal projects, improve plant efficiency, and pave the way for commercial applications of Sage’s technology.
Following a successful pilot, Ormat will have exclusive rights to develop, build, own and operate geothermal power plants using Sage’s techniques, as well as short- and long-duration energy storage projects based on the same approach. The transaction is subject to closing conditions and is expected to be completed by year-end.
“We are thrilled to partner with Sage, a company at the cutting edge of next-generation geothermal technology,” said Doron Blachar, CEO of Ormat Technologies. “This agreement marks a significant milestone for Ormat, as it aligns with our commitment to advancing geothermal energy solutions and reducing our time to market.”
Sage, which is developing a 3 MW energy storage facility in Christine, Texas, by 2026, said its technology leverages both the heat and pressure of the earth to enable power generation, energy storage and direct heating. It has also conducted feasibility studies for U.S. Defense Department installations in Texas.
“This collaboration with Ormat, a leading geothermal company, represents a major step forward in the commercialization of our Pressure Geothermal technology,” said Cindy Taff, CEO of Sage Geosystems. “Together, we can drive innovation and sustainability in the energy sector.”
