Ormat Technologies Inc. (ORA)

Profile

https://www.ormat.com

Ormat Technologies Inc. is a renewable energy company specializing in geothermal power, recovered energy generation, solar photovoltaic, and energy storage solutions. Headquartered in Reno, Nevada and founded in 1965, the company operates as a vertically integrated provider, designing, developing, building, owning, and operating power generation assets worldwide. Ormat Technologies Inc. serves utilities, municipalities, community choice aggregators, industrial customers, and energy developers through three main business segments: Electricity, Product, and Energy Storage. In its Electricity segment, the company sells baseload and flexible renewable electricity under long-term power purchase agreements from geothermal, solar, recovered energy, and battery storage facilities. Through its Product segment, Ormat Technologies Inc. manufactures and sells specialized equipment and complete turnkey plants for geothermal and waste-heat-based power generation, leveraging proprietary technologies such as the Ormat Energy Converter. Its Energy Storage segment provides battery energy storage systems and grid services, including capacity, ancillary services, and load management, supporting grid reliability and integration of renewables. By focusing on low-emission, dispatchable renewable power and advanced storage, Ormat Technologies Inc. plays a significant role in modern electricity and infrastructure markets across North America, Latin America, East Africa, Asia, and Europe.