M&A Deal Summary |
|
|---|---|
| Date | 2025-06-18 |
| Target | Cyrq Energy - Blue Mountain Geothermal Power Plant |
| Sector | Energy Services and Equipment |
| Buyer(s) | Ormat Technologies |
| Sellers(s) | Cyrq Energy |
| Deal Type | Divestiture |
| Deal Value | 88M USD |
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| Category | Company |
|---|---|
| Founded | 1965 |
| Sector | Utilities |
| Employees | 1,512 |
| Revenue | 880M USD (2024) |
Ormat Technologies owns, operates, designs, manufactures and sells geothermal and REG power plants. Ormat Technologies was founded in 1965 and is based in Reno, Nevada.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector: Energy Services and Equipment M&A | 2 of 2 |
| Type: Divestiture M&A Deals | 3 of 3 |
| State: Nevada M&A | 2 of 2 |
| Country: United States M&A | 5 of 5 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-24 |
Terra-Gen Power - Two Contracted Geothermal Assets
Nevada, United States Terra-Gen Power's Two Contracted Geothermal Assets provides 56 MW (net) Dixie Valley geothermal power plant, one of the largest geothermal power plants in Nevada. Dixie sells its electricity generation to Southern California Edison (SCE) under a long term PPA expiring in 2038 and 11.5 MW Beowawe geothermal power plant that sells its electricity generation to NV Power, Inc. under a PPA expiring in December 2025. |
Buy | $171M |
| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Energy Services and Equipment |
Cyrq Energy develops, owns, and operates geothermal and photovoltaic (PV) solar power plants, along with energy storage facilities. Cyrq Energy was founded in 2010 and is based in Salt Lake City, Utah.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: Nevada M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2025 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
