United States · Mechanical Or Industrial Engineering
Ormat Technologies engages in the geothermal and recovered energy power business.
PublicFor profit
What the record says about Ormat Technologies as a customer or partner.
Set against 7,395 Mechanical Or Industrial Engineering companies in United States. The ring marks the typical peer.
Across all 5.9M companies: larger than 97% of those with a size listed; older than 92% of those with a founding year; website ranked #1,301,872 in the world, about 21k visits a month. 1,246 people list it on LinkedIn, and 40,172 follow it.
With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”) as well as Energy storage solutions, with the objective of becoming a leading global provider of renewable energy. Ormat designs, manufactures, operates, owns, and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and… Read all
With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (“REG”) as well as Energy storage solutions, with the objective of becoming a leading global provider of renewable energy. Ormat designs, manufactures, operates, owns, and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. With 77 U.S. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has over 1,400 employees around the world. Ormat’s flexible, modular solutions for geothermal power, Waste heat (REG), and Energy storage are ideal for a vast range of resource characteristics. The Company has engineered, manufactured, and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling over 3,200 MW of gross capacity. Ormat’s current 1,100 MW generating portfolio is spread globally in Kenya, Guadalupe, Guatemala, Indonesia, Honduras, and the United States. Ormat expanded its operations to provide energy storage solutions by leveraging its core capabilities, global presence, and experience in the energy market. Ormat's mission is to generate, deliver, build, and distribute clean, efficient, reliable, and environmentally sound manner energy. We want to become a leading global provider of renewable energy while building a geographically balanced portfolio of geothermal, recovered energy, and storage assets. We believe in renewable, green energy solutions for a sustainable future! WON'T YOU JOIN US?
EnergyEnvironmental ConsultingGeothermal EnergyRenewable EnergyGeothermal Power PlantsRemote Power UnitsRecovered Energy Power PlantsENERGY MANAGEMENT & STORAGERenewable Energy
One of 7,395 Mechanical Or Industrial Engineering companies in United States, and of 27,530 in the industry worldwide.
What the source datasets report. We have not watched these rounds ourselves, and do not hold this company in the startups database.
$2.2B
raised in total across 8 rounds
Last raised Mar 2023, 3 years ago
Where it sits in its group, and the deals it has done.
Who started it and how it trades.
Everything the source datasets list about Ormat Technologies, field by field. Contact details are held but never shown.
The company8 fields
Where4 fields
Size and reach6 fields
Funding, as listed8 fields
Corporate family1 field
About this record2 fields
Growth, as the source summarises it
Ormat Technologies reported strong earnings growth and progress towards its 2026 goals. The company secured a 15-year energy storage deal with Riverside and a 15-year resource adequacy purchase and sale agreement with the City of Riverside for the 80MW/320MWh Shirk Energy Storage Facility. Ormat Technologies also reported strong Q1 2024 results, surpassing analyst expectations. Additionally, the company issued $45.2 million in convertible notes and signed a power purchase agreement for a new geothermal power plant in Guadeloupe.
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