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Ormat Technologies, Inc. (NYSE:ORA) announced its subsidiary, Ormat Nevada Inc. ("Ormat Nevada") received an offer of a conditional commitment from the DOE that would provide a partial guarantee for up to a $350 million loan to support a geothermal power project expected to generate up to 121 MW of power from three Nevada based facilities built in two phases.
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Crown Equity Holdings, Inc. (OTCBB:CRWE) announced today that its subsidiary company, Crown Tele Services Inc. is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.