Green Stock News Highlights for February 13, 2025: Major Developments from Ormat Technologies, Energy Vault, Richtech Robotics, and REE Automotive

Green Stock News for February 13, 2025

Welcome to the Green Stock News brief for Thursday, February 13th. Here are today’s top headlines:

Ormat Technologies (NYSE: ORA) and Allied Infrastructure have secured a 15-year tolling agreement with the Israeli Electricity Authority for two energy storage projects totaling 300MW/1200MWh. This marks their entry into Israel’s utility-scale storage market. The projects, jointly owned 50/50, are set to begin commercial operations in 2028, with an option to transition from the tolling agreement to the merchant market.

Energy Vault (NYSE: NRGV) has partnered with the Victorian government’s State Electricity Commission to deliver a 100 MW/200 MWh battery energy storage system at the SEC Renewable Energy Park. This $370 million project is expected to be fully operational by late 2027 and will generate enough renewable energy to power 51,000 homes.

Richtech Robotics (NASDAQ: RR) has launched the Richtech Accelerator Program, aimed at advancing AI and robotics research at U.S. universities by integrating localized AI models with robotic hardware. Columbia University is the first participant, focusing on Natural Language Processing (NLP) to enhance human-robot interaction, benefiting industries such as manufacturing, healthcare, and services.

REE Automotive (NASDAQ: REE) has teamed up with Mission Mobile Medical to deploy REE’s P7 electric trucks as mobile healthcare units. This initiative aims to improve access to medical services in underserved rural areas across the U.S. The first delivery is anticipated in mid-2025, and these advanced vehicles will enable Mission Mobile to create fully customized medical facilities, utilizing REE’s software-defined technology for enhanced efficiency, adaptability, and sustainability.

Disclaimer
This video is not intended as an offering, recommendation, or solicitation to buy or sell the securities mentioned or discussed and is for informational purposes only. It should be understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. You should not make any financial or investment decisions based solely on the information presented without conducting independent due diligence and consulting with a professional broker or financial advisor.

Forward-Looking Statements
Any statements that express or involve discussions regarding predictions, expectations, beliefs, plans, projections, or objectives that are not historical facts may be considered forward-looking statements. These statements are based on expectations and estimates at the time they are made, and involve risks and uncertainties that could cause actual results to differ materially.

More Green Stock News
– Greenwave Technology Solutions accelerates rare-earth metal recovery amid global supply disruptions.
– DevvStream provides updates on carbon sequestration facility development.
– Surf Air Mobility publishes a video on the company’s strategy and growth opportunities.
– Light AI engages with Emergo by UL for global regulatory submissions and appoints George Reznik as CFO.
– Greenwave Technology Solutions wins an exclusive municipal contract with Virginia Beach.
– Else Nutrition expands into the adult nutrition market with plant-based ready-to-drink shakes.

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