Ormat Technologies

Geothermal and Waste Heat Power

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

Company Overview

Snapshot

Founded in January 1965, Ormat Technologies is a public company with over 1,000 employees. The company has raised over $900 million across five funding rounds. 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. The company's core technology includes the Ormat Recovered Energy Generation unit, which utilizes organic Rankine cycle technology to convert waste heat from industrial processes into power for on-site consumption or grid sale, and is also applied in energy storage solutions globally. Ormat Technologies primarily serves the energy sector, offering solutions for the transition to renewable energy, with geothermal energy providing reliable, flexible, and low-emission baseload electricity.

Strategic signal

In October 2025, Ormat Technologies announced a strategic partnership with SLB to accelerate integrated geothermal asset development and enhanced geothermal systems. This collaboration signals a significant move towards expanding the reach and efficiency of geothermal energy solutions, indicating a focus on innovation and market leadership in the renewable energy sector. For investors, this partnership suggests a proactive approach to leveraging expertise and resources to drive growth and enhance the company's competitive position in the evolving energy landscape.

Company Intelligence Q&A

What was a significant recent operational milestone for Ormat Technologies?
In September 2025, Ormat Technologies commenced commercial operation of its Lower Rio Energy Storage Facility, delivering 60MW/120MWH of energy storage capacity. This expands the company's energy storage capabilities.
What strategic partnership did Ormat Technologies form in October 2025?
In October 2025, Ormat Technologies partnered with SLB to accelerate integrated geothermal asset development and enhanced geothermal systems, aiming to advance geothermal energy solutions.
Did Ormat Technologies extend any power purchase agreements recently?
In September 2025, Ormat Technologies extended a 25-year Power Purchase Agreement (PPA) with SCPPA to provide renewable energy to Southern California, reinforcing its long-term commitment to the region's energy supply.
What was the focus of Ormat Technologies' 2024 Sustainability Report?
In September 2025, Ormat Technologies published its 2024 Sustainability Report, highlighting 60 years of innovation and impact in the energy sector, underscoring its commitment to sustainable practices.
What was a key development regarding Ormat Technologies' energy storage capacity in October 2024?
In October 2024, Ormat Technologies commenced commercial operation of its Bottleneck Storage Facility in California, delivering 80MW/320MWh of energy storage capacity.

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