Ormat Technologies, Inc. ORA

Company Overview

Ormat Technologies, Inc. is a U.S.-based renewable energy company focused primarily on geothermal and recovered energy generation, alongside a growing electricity storage business. The company operates across the renewable power sector, with activities spanning electricity generation, power plant engineering and construction, and energy storage infrastructure. Ormat’s core revenue drivers include the sale of electricity under long-term power purchase agreements, product and equipment sales for geothermal facilities, and operation and maintenance services for energy infrastructure assets. The company serves electric utilities, commercial and industrial customers, and energy markets in multiple countries.

Ormat was founded in 1965 by Lucien and Yehudit Bronicki and originally specialized in geothermal energy conversion technology. Over time, the company expanded from equipment manufacturing into owning and operating geothermal power plants globally. The company is widely recognized for its proprietary binary geothermal technology, which enables power generation from lower-temperature geothermal resources than conventional geothermal systems. This technological specialization has supported Ormat’s positioning in the renewable baseload power market, where geothermal energy offers continuous electricity generation compared with intermittent renewable sources such as solar and wind.