09:38 AM EDT, 08/28/2025 (MT Newswires) -- Ormat Technologies ( ORA ) said Thursday it entered into a strategic commercial agreement with Sage Geosystems.

Under the terms of the agreement, Sage will pilot its pressure geothermal technology to extract geothermal heat energy from hot dry rock at an existing Ormat ( ORA ) power plant, targeting to reduce the time needed to bring geothermal energy to market, Ormat ( ORA ) said.

After a successful completion of the pilot project, expected by the end of the year, Ormat ( ORA ) said it will have the right to develop, build, own, and operate geothermal power plants using Sage's technology.

Price: 92.51, Change: +0.22, Percent Change: +0.24