# Ormat Technologies acquires Viridity Energy for $35M

Ormat Technologies has agreed to acquire Viridity Energy for US$35 million. The deal is expected to close later in 2017.

- Type: Acquisition
- Announced: 2017-01-03
- Where: United States
- Value: $35.0M
- Status: announced
- Products: demand response software, energy storage aggregation, virtual power plant software
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ormat Technologies](https://endata.com/companies/14852.md) (acquirer)
- [Viridity Energy](https://endata.com/companies/21183.md) (target)

## Sources

- [energy-storage.news](https://www.energy-storage.news/geothermal-company-ormat-buys-viridity-energy-for-us35-million-to-enter-storage-market/), 2017-01-03: "Geothermal power and renewable energy developer Ormat Technologies has signalled its intent to join demand response and energy storage markets with the purchase of Viridity Energy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.