Ormat Technologies Inc - Company Profile
Powered by 
All the sales intelligence you need on Ormat Technologies Inc in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Ormat Technologies Inc fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Ormat Technologies Inc.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Business Description
Ormat Technologies Inc (Ormat), designs, constructs and operates geothermal and recovered energy-based power plants. The company offers solar photovoltaic (PV) generation and energy storage services. It provides specialized products and services to contractors, power plant operators, owners, and developers. It owns and operates 35 power plants and complexes with an aggregate generating capacity of 1,340 megawatts (MW).
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
R&D Overview
Ormat conducts research and development activities aimed at improving plant performance, reducing costs, and expanding product offerings. The company's primary focus is on enhancing power plant thermodynamic cycles and major equipment, including condensing equipment, turbines, and brine production pumps. The company has developed and patented technologies such as extraction ORC and turbines for improved efficiency. Additionally, Ormat is investing in energy storage research, optimizing BESS dispatch strategies, and testing battery technologies to bring cost-effective solutions to market. The company also holds patents in mechanical energy storage systems, with ongoing testing showing promising results. The R&D units of Ormat include engineering and R&D teams. These units are responsible for optimizing power plant equipment, developing new technologies, and advancing energy storage solutions to enhance performance and reduce costs. Ormat has 182 patents and patent applications worldwide, including 52 issued in the US and 12 pending applications. The company holds patents related to power units, geothermal power plants, and industrial waste heat recovery systems. In FY2025, the company spent US$6.3 million on R&D, which as a percentage of revenue stood at 0.6% and declined 3.1% YoY.
Business Segments
Overview
Develops, constructs, owns and operates geothermal power plants across the world and, solar PV and recovered energy based power plants in the US.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Own and operate grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities, delivering capacity, energy, and ancillary services directly to the electric grid.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Overview
Designs, manufactures and sells equipment to generate geothermal and recovered energy. Provide engineering, procurement, and construction services for geothermal and recovered energy-based power plants. Sells through contractors, owners, and operators from process companies, pipelines and power plants.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Geographical Segments
- Dominica
- Guatemala
- Honduras
- Indonesia
- Kenya
- New Zealand
- Other Foreign Countries
- Turkey
- United States
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Performance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer