Ormat Technologies, Inc.

Ormat Technologies, Inc. is a leading vertically-integrated company primarily engaged in the geothermal and recovered energy power business. Founded in 1965, the company is based in Reno, Nevada and operates in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, and Honduras, as well as internationally. Ormat Technologies, Inc. has three main segments: Electricity, Product, and Energy Storage.

The Electricity segment is focused on developing, building, owning, and operating geothermal, solar photovoltaic, and recovered energy-based power plants, as well as selling the electricity produced. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes.

The Energy Storage segment provides energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. also has a research and development department that focuses on advancing the company’s technologies and capabilities. Through its research and development, the company has developed a wide range of products and services that have been implemented in more than 120 countries around the world. Additionally, the company has developed a number of patented technologies, including the Ormat Energy Converter, Ormat Energy Storage System, and Ormat Energy Management System. Ormat Technologies, Inc. is continually expanding its business and is looking to further expand its presence in the international geothermal and recovered energy power markets.