About the company
Ormat Technologies Inc is a leading player in the geothermal energy power industry. With a focus on sustainability and renewable energy solutions, the company operates in three key business segments. The first segment, the Electricity Segment, is where Ormat excels in developing, building, owning, and operating various power plants. These plants harness the power of geothermal energy, solar PV, and recovered energy, allowing Ormat to generate and sell electricity. While their primary operations are based in the United States, Ormat also has geothermal power plants in operation in other countries, expanding their global presence and contribution to clean energy generation. Moving on to the second segment, the Product Segment, Ormat specializes in designing, manufacturing, and selling equipment that enables geothermal and recovered energy-based electricity generation. Their cutting-edge technology and expertise in this field make them a reliable provider of equipment for power plants around the world. Additionally, Ormat extends their services to offer engineering, procurement, and construction support for geothermal and recovered energy-based power plants. This end-to-end assistance ensures smooth implementation and efficient functioning of these sustainable energy projects. The third segment, the Energy Storage Segment, further strengthens Ormat's commitment to meeting the energy needs of the future. In response to the growing importance of grid stability and reliability, Ormat owns and operates grid-connected energy storage systems. These systems provide not only energy storage capacity but also ancillary services directly to the electric grid. By offering these services, Ormat plays a vital role in grid management, optimization, and the integration of renewable energy sources. With a comprehensive portfolio covering power generation, equipment manufacturing, and energy storage, Ormat Technologies delivers solutions that contribute to a cleaner and more sustainable future. By leveraging geothermal energy, solar PV, and recovered energy, the company actively participates in reducing greenhouse gas emissions and reliance on fossil fuels. Through its geothermal power plants, Ormat taps into the Earth's natural heat reserves to generate electricity. Geothermal energy is a reliable and consistent source of renewable power, allowing Ormat to contribute significantly to the overall energy mix. Furthermore, their solar PV operations harness the abundant energy from the sun, further diversifying their renewable energy sources. In addition to producing sustainable power, Ormat also enables others to adopt clean energy solutions through its Product Segment. By offering equipment and services for geothermal and recovered energy-based power plants, Ormat empowers organizations to establish their own renewable energy facilities. This contribution extends beyond their direct operations and expands the overall reach and impact of sustainable energy. Lastly, Ormat's involvement in the Energy Storage Segment highlights their commitment to grid stability and reliability. As the demand for renewable energy grows, the ability to store excess energy becomes crucial. Ormat's grid-connected energy storage systems not only store excess energy but also provide ancillary services to the electric grid. This capability ensures a continuous and stable power supply, overcoming the intermittency of some renewable energy sources. In conclusion, Ormat Technologies Inc is a prominent player in the geothermal energy power industry, with operations spanning power generation, equipment manufacturing, and energy storage. Through their Electricity Segment, the company builds and operates geothermal, solar PV, and recovered energy-based power plants, while the Product Segment offers equipment and services for others to adopt renewable energy solutions. The Energy Storage Segment further bolsters their commitment to grid stability and reliability, providing crucial energy storage capacity and ancillary services. Ormat Technologies continues to be at the forefront of sustainable energy solutions, contributing to a cleaner and greener future.
Website: https://www.ormat.com
Data updated: June 2, 2026
