Ormat Technologies Inc - Company Profile
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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 has its operations in Latin America, Asia, East Africa and Europe. Ormat is headquartered in Reno, Nevada, the US.
Headquarters
United States of America
Address
6140 Plumas Street, Reno, Nevada, 89519-6075
Website
www.ormat.com
Telephone
1 775 3569029
No of Employees
1,576
Industry
Alternative Energy
Ticker Symbol & Exchange
ORA (NYSE)
Revenue (2022)
$829.4M
13%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
88.9%
(2022 vs 2021)
Market Cap*
$3.8B
Net Profit Margin (2022)
XYZ
67.2%
(2022 vs 2021)
* As of and is in US$
Ormat Technologies Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Maintenance |
| Power Plant Components: | Designing |
| Power Units for Geothermal Power Plants | Engineering |
| 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 |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company partnered with Electricite de France to develop a new 10 MW geothermal power plant on the Island of Guadeloupe, France. |
| 2024 | Asset Purchase | In January, the company acquired a renewable asset portfolio from Enel Green Power North America, for US$271 million. |
| 2024 | Contracts/Agreements | In January, the company entered an agreement with BHI to provide a new term loan of US$75 million. |
Competitor Comparison
| Key Parameters | Ormat Technologies Inc | Mitsubishi Heavy Industries Ltd | Toshiba Corp | Fuji Electric Co Ltd | Mercury NZ Ltd |
|---|---|---|---|---|---|
| Headquarters | United States of America | Japan | Japan | Japan | New Zealand |
| City | Reno | Chiyoda-Ku | Minato-Ku | Shinagawa-Ku | Tauranga |
| State/Province | Nevada | Tokyo | Tokyo | Tokyo | Auckland |
| No. of Employees | 1,576 | 76,859 | 106,648 | 27,123 | 1,512 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Isaac Angel | Chairman | Executive Board | 2020 | - |
| Doron Blachar | Chief Executive Officer | Senior Management | 2020 | - |
| Assaf Ginzburg | Chief Financial Officer | Senior Management | 2020 | - |
| Jessica Woelfel | General Counsel; Chief Compliance Officer; Secretary | Senior Management | 2021 | - |
| Shlomi Argas | President; Head - Operations and Products | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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