Ormat Technologies

Geothermal and Waste Heat Power

Energy Tech
Public on TASE on Jan, 1991
Public on NYSE on Nov, 2004
Follow

Company Overview

Snapshot

Founded in January 1965, Ormat Technologies is a public company with over 500 employees. The company has raised over $900 million across five funding rounds, with BlackRock participating in one of them. In October 2025, Ormat Technologies partnered with SLB to accelerate integrated geothermal asset development and enhanced geothermal systems.

Business overview

Ormat Technologies is a vertically integrated geothermal company specializing in the exploration, drilling, design, construction, manufacturing, ownership, financing, and operation of geothermal power plants. Utilizing organic Rankine cycle technology, its Recovered Energy Generation unit converts industrial waste heat into power for on-site consumption or grid sale, also supporting energy storage solutions. The company provides comprehensive services across the geothermal value chain, offering reliable, flexible, and low-emission base load electricity to industries and markets globally.

Strategic signal

In October 2025, Ormat Technologies announced a strategic partnership with SLB to accelerate the development of integrated geothermal assets and enhanced geothermal systems. This collaboration signals a significant push towards expanding the reach and efficiency of geothermal energy, indicating Ormat's commitment to innovation and leadership in the renewable energy sector, and suggesting potential for accelerated growth and market penetration in advanced geothermal solutions.

Log in to access full profile ›

Company Intelligence Q&A

What was a key strategic partnership for Ormat Technologies in October 2025?
In October 2025, Ormat Technologies partnered with SLB to accelerate the development of integrated geothermal assets and enhanced geothermal systems.
What significant operational milestone did Ormat Technologies achieve in September 2025?
In September 2025, Ormat Technologies commenced commercial operation of its Lower Rio Energy Storage Facility, delivering 60MW/120MWh of energy storage capacity.
What was a notable acquisition target for Ormat Technologies in October 2023?
In October 2023, Ormat Technologies announced plans to acquire contracted operating geothermal and solar assets in Nevada, Utah, and Connecticut for $271 million.
What major contract did Ormat Technologies secure in September 2023?
In September 2023, Ormat Technologies secured a contract with Mercury New Zealand to construct and supply a new 56 MW geothermal power plant.
When did Ormat Technologies begin trading on the New York Stock Exchange?
Ormat Technologies began trading on the New York Stock Exchange in November 2004, raising $108 million in capital.
Log in to access full profile ›

External links