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Green Stock News for February 13, 2025: Ormat Technologies, Energy Vault, Richtech Robotics, REE Automotive,

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 from the Israeli Electricity Authority for two energy storage projects with a combined capacity of 300MW/1200MWh, marking their entry into Israel’s utility-scale storage market. The projects, jointly owned 50/50, are expected to begin commercial operation 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. The $370 million project, expected to be fully operational by late 2027, will generate enough renewable energy to power 51,000 homes.

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

REE Automotive (NASDAQ: REE) and Mission Mobile Medical have partnered to deploy REE’s P7 electric trucks as mobile healthcare units, enhancing access to medical services in underserved rural areas across the U.S. With the first delivery expected in mid-2025, these advanced vehicles will enable Mission Mobile to build fully customized medical facilities, leveraging REE’s software-defined technology for improved efficiency, adaptability, and sustainability.

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