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Ormat Technologies Inc: Overview

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Ormat Technologies Inc (Ormat) is a provider of renewable power and energy solutions with focus on geothermal and recovered energy generation. The company designs, develops, builds, owns, operates and stores power generation plants. It manufactures, distributes and sells products to generate geothermal electricity. The company also designs, manufacture and sells power units that generate electricity from recovered energy or waste heat. Ormat offers geothermal power generation equipment, completion of power plants on turnkey basis for developers, utilities and industrial customers. It sells electricity through long-term purchase agreements. The company operates in Latin America, Asia, East Africa and Europe. Ormat is headquartered in Reno, Nevada, the US.

Headquarters United States of America

Address 6140 Plumas St, Reno, Nevada, 89519-6075


Telephone 1 775 3569029

No of Employees 1,385

Industry Alternative Energy

Ticker Symbol & Exchange ORA (NYSE)

Revenue (2021) $663.1M -6% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX -27.3% (2021 vs 2020)

Market Cap* $4.3B

Net Profit Margin (2021) XXX -22.8% (2021 vs 2020)

* As of and is in US$

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130+

Power Plants

Receive regular updates of upcoming projects for Ormat Technologies Inc to keep you on top of all opportunities, with detailed information on each power plant.

60+

Tenders & Contracts

Easily identify the involved stakeholders, monetary value, opening and closing dates of tenders, and awarded contracts for Ormat Technologies Inc.

14+

Energy Storage Projects

Understand the energy storage landscape for Ormat Technologies Inc, drawing on intelligence spanning electrochemical, electromechanical, thermal and hydrogen storage.

2

Smart Grid

Tracks all upcoming smart grid projects across the globe. It provides detailed information about advanced grid & IT infrastructure, microgrid, automation and other smart infrastructure projects.

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Products and Services

Products Services
Electricity Maintenance
Power Plant Components: Designing
Power Units for Geothermal Power Plants Engineering
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XXX XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In May, the company signed two PPAs with NV Energy for up to 160 MW of geothermal capacity.
2022 Contracts/Agreements In April, the company signed a 15-year power purchase agreement (PPA) with Peninsula Clean Energy under which Peninsula Clean Energy will acquire 26 megawatt of clean, renewable energy from Ormat’s Heber 2 geothermal facility.
2022 Acquisitions/Mergers/Takeovers In January, the company acquired shovel-ready energy storage asset from Con Edison Development.
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Competitor Comparison

Key Parameters Ormat Technologies Inc Calpine Corp Fuji Electric Co Ltd Contact Energy Ltd Energy Development Corp
Headquarters United States of America United States of America Japan New Zealand Philippines
City Reno Houston Shinagawa-Ku Wellington Pasig
State/Province Nevada Texas Tokyo - -
No. of Employees 1,385 2,256 27,593 945 1,453
Entity Type Public Private Public Public Private
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Key Financial Charts

Net Income Growth

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Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
Isaac Angel Chairman Executive Board 2020 64
Doron Blachar Chief Executive Officer Senior Management 2020 54
Assaf Ginzburg Chief Financial Officer Senior Management 2020 45
Jessica Woelfel Chief Compliance Officer; General Counsel Senior Management 2021 -
Shlomi Argas Head - Operations and Products; President Senior Management 2021 56
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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