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ELPW vs ORA

Elong Power Holding Limited Class A Ordinary Shares and Ormat Technologies, Inc.

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Elong Power Holding Limited Class A Ordinary Shares

Elong Power Holding Limited research, develops, produces, and markets application of high-power lithium-ion battery packs, cells, and parts for electric vehicles and construction machinery. It also offers lithium-ion batteries for energy storage systems. In addition, the company provides battery cells, modules, system integration, and battery management system. Further, it is involved in the research, development, manufacture, and sale of backup power supplies, energy storage systems, and accessories. The company was founded in 2014 and is based in Ganzhou, China.

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Ormat Technologies, Inc.

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment provides battery energy storage systems and related services. The company serves contractors, geothermal plant owners and operators, interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and biomass facilities owners and operators, as well as other companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

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