Ormat Technologies Inc - Company Profile
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Ormat Technologies Inc (Ormat) is a provider of renewable power and energy solutions. The company offers clean electricity generation from geothermal, solar photovoltaic (PV), and recovered energy sources. It also designs, manufactures, and sells specialized geothermal power units, utility-scale energy storage and management services. Ormat offers geothermal power generation equipment, and completion of power plants on a turnkey basis for contractors, power plant operators, developers, owners and industrial customers. The company’s project portfolio includes McGinness Hills Complex, Olkaria III Complex, Sarulla, and Amatitlan among others. It sells electricity through long-term purchase agreements. The company has business operations across Latin America, Asia, East Africa and Europe. Ormat is headquartered in Reno, Nevada, the US.
Headquarters
United States of America
Address
6884 Sierra Center Parkway, Reno, Nevada, 89511
Website
www.ormat.com
Telephone
1 775 3569029
No of Employees
1,648
Industry
Alternative Energy
Ticker Symbol & Exchange
ORA (NYSE)
Revenue (2024)
$989.5M
12.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
0.1%
(2024 vs 2023)
Market Cap*
$6.9B
Net Profit Margin (2024)
XYZ
-11.0%
(2024 vs 2023)
* As of and is in US$
Ormat Technologies Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Maintenance |
| Power Plant Components: | Engineering |
| Power Units for Geothermal Power Plants | Procurement |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | New Products/Services | In June, the company launched Ormega100, a new surface power generation unit. |
| 2026 | Commercial Operation | In March, the company started commercial operations at the Shirk energy storage facility, an 80MW/320MWh Battery Energy Storage System located in Visalia, California, the US. |
| 2026 | Contracts/Agreements | In March, the company signed agreements with Central Coast Community Energy and Silicon Valley Clean Energy for a portion of the output from the 35 MW Casa Diablo-IV (CD4) geothermal power plant in California, the US. |
Competitor Comparison
| Key Parameters | Ormat Technologies Inc | Mitsubishi Heavy Industries Ltd | Toshiba Corp | Calpine Corp | Fuji Electric Co Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Japan | Japan | United States of America | Japan |
| City | Reno | Chiyoda-Ku | Kawasaki | Houston | Shinagawa-Ku |
| State/Province | Nevada | Tokyo | Kanagawa | Texas | Tokyo |
| No. of Employees | 1,648 | 78,793 | 95,109 | 2,400 | 26,955 |
| Entity Type | Public | Public | Private | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Isaac Angel | Chairman | Executive Board | 2021 | 69 |
| Doron Blachar | Chief Executive Officer | Senior Management | 2020 | 58 |
| Assaf Ginzburg | Chief Financial Officer | Senior Management | 2020 | 51 |
| Nirit Grushko | Executive Vice President; Chief Technology Officer | Senior Management | 2026 | - |
| Jessica Woelfel | Secretary; Chief Compliance Officer; General Counsel | Senior Management | 2022 | 49 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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