Friday, February 13, 2009

Could Ormat be the next monster stock?

Take a look at the newest announcement from ORA, they are a true green company. They have just brought two of the four scheduled recovered energy generation plants on line. One was brought on line two months ago and the other one month ago. These use waisted heat from already generating turbines into energy. This process is somewhat like the geothermal energy taken from the earth in areas where there geysers. This is very important as ORA's current technology is getting better and this has enabled them to use heat in a much better and efficient way. The project plants are a test run to see how well ORA can piggy back current plants to use heat generation from any plant using non renewable sources and garner more electricity from the process. I would keep watching this, as every plant in the world that uses natural gas or coal will be able to use energy more efficiently, and if ORA can make this cost effective, they will see alot of demand.

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