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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
Cash Dividend
On May 7, 2025, the Board of Directors of the Company declared, approved and authorized payment of a quarterly dividend of $7.3 million ($0.12 per share) to all holders of the Company’s issued and outstanding shares of common stock on May 21, 2025, payable on June 4, 2025.
Blue Mountain Purchase Transaction
On May 5, 2025, the Company signed an agreement to acquire 100% ownership of the Blue Mountain geothermal power plant from Cyrq Energy for total consideration of $88.0 million, subject to certain working capital adjustments. The Blue Mountain power plant is a 20MW facility, located in Humboldt County, NV, under a PPA with NV Energy that expires at the end of 2029. The acquisition of the Blue Mountain power plant is anticipated to close in the second quarter of 2025.