SACRAMENTO - September 14 2009 - Independent Energy Producers (IEP), which represents California's renewable energy providers, today said Governor Schwarzenegger's decision to veto SB 14 "keeps California moving toward a cleaner, greener, more renewable energy future."

Ormat Technologies, Inc. (NYSE: ORA): Stock of the Day

by Ted Leinbach, Research Team, The Oxford Club 

President Barack Obama’s Administration will allocate a significant amount of capital – $150 billion – to America’s renewable energy future over the next four years.

And while many top-tier firms in different sectors of the renewable energy spectrum stand to benefit, there is one company proving to be a prominent recipient why it belongs with the big-boys.

Headquartered in Nevada, a state that is proving to be the linchpin of geothermal energy security, Ormat Technologies, Inc. (NYSE: ORA) is a leading geothermal and recovered-energy power producer.

For more than two decades, ORA has been constructing and designing geothermal plants that utilize local energy sources.

And Ormat’s geothermal optimization strategy is very cost-effective, and at the same time generates huge revenue. How? By tapping unused geothermal energy.

Repowering existing geothermal

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