Description

Ormat Technologies, Inc. is a global enterprise primarily focused on harnessing geothermal and recovered energy for power generation. The company maintains a significant international footprint, with operations across various nations including the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, and Honduras. Its diverse business activities are organized into three principal divisions: Electricity Generation, Product Manufacturing and Services, and Energy Storage Solutions. Within the Electricity Generation segment, Ormat is responsible for the full lifecycle of power plants—from developing and constructing to owning and operating facilities that utilize geothermal, solar photovoltaic, and recovered energy sources. This division then sells the generated electricity. The Product Manufacturing and Services division specializes in the design, production, and distribution of equipment tailored for geothermal and recovered energy electricity generation. This also encompasses remote power units, such as fossil fuel-powered turbo-generators and robust direct-current generators. Moreover, this segment offers comprehensive services, including engineering, procurement, construction, operation, and maintenance, for both geothermal and recovered energy power plants. Its broad client base includes contractors, developers, owners, and operators of geothermal power facilities, as well as entities managing interstate natural gas pipelines, gas processing plants, cement factories, and various other industrial processes requiring substantial energy input. Finally, the Energy Storage Solutions segment provides a suite of energy storage offerings and related services, which span the engineering, procurement, construction, operation, and ongoing maintenance of energy storage systems. Ormat Technologies, Inc. was established in 1965 and is headquartered in Reno, Nevada.