Public on TASE on Jan, 1991 Public on NYSE on Nov, 2004 Public on TASE on Feb, 2015 Public on NYSE on Nov, 2020 Public on NYSE on Mar, 2023
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Ormat Technologies
Ormat Technologies Overview
Ormat Technologies is a vertically integrated geothermal company that explores, drills, designs, builds, manufactures, owns, finances, and operates geothermal power plants.
The Ormat Recovered Energy Generation unit, based on organic Rankine cycle technology, converts waste heat from industrial processes into power that can be consumed on-site or sold to the grid, and is used in energy storage solutions worldwide.
Ormat Technologies Climate Tech relevance
Ormat Technologies supplies solutions for the transition to renewable energy.
Geothermal energy provides base load electricity 24/7. It's highly reliable, flexible, and produces no NOx emissions and virtually no CO2 emissions. Ormat has built more than 3,200 MWs of geothermal capacity in more than 190 geothermal power plants worldwide. Due to its vertically integrated structure and involvement across the geothermal industry's value chain, Ormat Technologies can provide a range of services relating to geothermal energy.