09:25 AM EDT, 09/02/2025 (MT Newswires) -- Ormat Technologies ( ORA ) said Tuesday that it has begun commercial operations at its Lower Rio energy storage facility in Texas.

The battery storage facility, which has a 60 megawatt or 120 megawatt-hour capacity, will provide energy and ancillary services under a seven-year tolling agreement, the company said.

Including the Lower Rio facility, the company said it now has a total capacity of 350MW or 778MWh in the US.

The company also said it has recently signed a hybrid tax equity partnership with Morgan Stanley's ( MS ) renewables entity to monetize the 40% investment tax credits for which the Lower Rio facility is eligible. The monetization yielded $25 million in proceeds, it said.