💥 Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant 💥
By: Robert Buluma
In a groundbreaking development for geothermal energy, Ormat Technologies has signed a new contract with Contact Energy Ltd. to construct the Tehuka 3 geothermal power plant in New Zealand. This marks Ormat’s 16th geothermal power plant in the country and solidifies New Zealand's growing reputation as a global geothermal powerhouse.
🔋 59 MW of Clean Energy Incoming
Once completed, Tehuka 3 will generate 59 megawatts (MW) of renewable energy—enough to power thousands of homes and industries with clean electricity. Notably, Tehuka 3 is set to become the largest single geothermal binary unit operational plant in the world, representing a new milestone in binary cycle technology.
🌋 Built on Trust, Powered by Tauhara
This contract marks the third collaboration between Ormat and Contact Energy, underscoring a trusted partnership. The Tehuka 3 plant will be located near the existing Tehuka 1 & 2 plants and will utilize the rich geothermal resources of the Tauhara geothermal field, a region known for its vast underground energy reserves.
💨 Advanced Air-Cooled Technology
As part of the agreement, Ormat will supply its air-cooled Ormat Energy Converters, which offer enhanced efficiency and minimal water usage—perfect for sustainable power generation in regions with limited water resources.
💼 Corporate Commitment
Doron Blachar, CEO of Ormat Technologies, emphasized the deal’s strategic importance:
“The signing of these two contracts increases our product segment backlog and provides a significant contribution to our expected product segment revenues and margins.”
🎉 A Win for Clean Energy
This achievement is a testament to the dedication and collaboration between Contact Energy and Ormat’s teams who worked tirelessly to finalize this game-changing agreement.
Related: Ormat's Crescent Valley Geothermal projects set to take shape.
🌎 Why This Matters
New Zealand continues to lead the way in geothermal development, showcasing how clean, baseload energy can be harnessed sustainably. Projects like Tehuka 3 demonstrate the growing role of binary technology in global energy transitions and further cement Ormat’s leadership in geothermal innovation.
Source: Ormat
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