Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants in the United States, and geothermal power plants in other countries. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation and remote power units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal and recovered energy-based power plants. The Other Segment segment offers energy storage, demand response and energy management related services energy storage, demand response, and energy management related services. The company was founded in 1965 and is headquartered in Reno, NV.
MG4 has emerged as the top-selling electric vehicle in the UK, surpassing Tesla's Model Y and Model 3, thanks to its competitive pricing and a strong warranty. As low-cost rivals enter the market, the UK remains free from tariffs on Chinese EV imports, fostering a diverse automotive landscape. The upcoming year is crucial for the profitability of electric vehicle sales amid increasing competition.
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