RENO, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah’s Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing operations and development projects in the state, further strengthening the company's commitment to advancing renewable... Read More

RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the pricing of an underwritten secondary offering of 3,700,000 shares of its common stock on behalf of ORIX Corporation. The offering is expected to close on December 13, 2024, subject to customary closing conditions. Ormat is not offering... Read More

RENO, Nev., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading geothermal and renewable energy technology company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,700,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will not... Read More

RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy technology company, today announced that it has reached an understanding with Contact Energy to sign an Engineering, Procurement, and Construction (EPC) contract for the development of the Te Mihi Stage 2 101MW geothermal power plant in New Zealand. The EPC contract, valued at approximately $200... Read More

RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the successful deal to transfer investment tax credits (ITCs) from the 80MW/320MWh Bottleneck Project to third party. This transaction, which was facilitated under the Inflation Reduction Act (IRA), represents a significant achievement in our goal to collect up to $152 million in cash tax... Read More

HIGHLIGHTS ELECTRICITY SEGMENT REVENUES AND ADJUSTED EBITDA INCREASE DRIVEN BY SOLID OPERATIONAL EXECUTION AND A STRATEGICALLY EXPANDED GENERATION PORTFOLIO COMPANY NARROWS ITS FULL YEAR REVENUE GUIDANCE AND INCREASES ITS FULL YEAR ADJUSTED EBITDA GUIDANCE, FOLLOWING STRONG THIRD QUARTER RESULTS COMPANY ANNOUNCED IN OCTOBER THE COMMERCIAL OPERATION OF ITS LARGEST STORAGE PROJECT TO DATE AND PLANS TO COMPLETE THE PROJECT'S... Read More

RENO, Nev., Oct. 31, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the release of its annual Sustainability Report, providing an overview of the Company’s environmental, social, and governance (ESG) performance in 2023. Key achievements highlighted in the 2023 report include: Avoided Emissions: The Company’s operating portfolio avoided a net of 2,212,508... Read More

RENO, Nev., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, announces the successful commencement of commercial operations for its largest energy storage facility, the Bottleneck project. This 80MW/320MWh Battery Energy Storage System (BESS), located in the Central Valley of California, will provide energy, capacity, and ancillary services to San Diego Gas & Electric... Read More

RENO, Nev., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced it has successfully secured multiple land parcels in Nevada’s Annual Bureau of Land Management (BLM) Auction. These lease acquisitions will significantly support Ormat's ongoing exploration and expansion efforts in the state, further strengthening the company's commitment to advancing... Read More

RENO, Nev., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its third quarter financial results in a press release that will be issued on Wednesday, November 6, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday,... Read More

AGREEMENTS SECURE SEVEN YEARS OF FIXED REVENUES COMBINED WITH RECENTLY ANNOUNCED 100MW/200MWH LOUISA PROJECT, ORMAT TO OWN AND OPERATE 253MW/473MWH BY END OF 2026 IN TEXAS RENO, Nev., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced the signing of two seven-year tolling agreements with Equilibrium Energy for the Lower Rio 60MW/120MWh and Bird Dog... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 9.3% YEAR-OVER-YEAR, WITH GROWTH REALIZED ACROSS ALL THREE OPERATING SEGMENTS INCREASED PROFITABILITY IN ALL SEGMENTS DROVE A 45% INCREASE IN OPERATING INCOME AND A 25% INCREASE IN ADJUSTED EBITDA INCREASE IN FULL YEAR EBITDA GUIDANCE RANGE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE COMPANY’S FORWARD OUTLOOK RENO, Nev., Aug. 06, 2024 (GLOBE NEWSWIRE) --... Read More

RENO, Nev., July 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc . (NYSE: ORA), a leading renewable energy company, today announced the signing of a 15-year Resource Adequacy Purchase and Sale Agreement (RA Agreement) with the City of Riverside for the 80MW/320MWh Shirk Battery Energy Storage System (BESS) located in Visalia, California. The Shirk project, which is currently expected to be eligible for a 40% Investment... Read More

RENO, Nev., July 08, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its second quarter financial results in a press release that will be issued on Tuesday, August 6, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 9:00 a.m. ET on, August 7, 2024.... Read More

RENO, Nev., June 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced today that it will host an Investor and Analyst Day in New York City at the New York Stock Exchange (NYSE) on Thursday, June 20, 2024. The Investor and Analyst Day event will begin with a gathering and breakfast at 08:00 a.m. Eastern Time (EDT). The presentation will start at 09:00 a.m. EDT and... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE FIRST QUARTER INCREASED BY 21.0% YEAR-OVER-YEAR, WITH GROWTH ACROSS ALL THREE OPERATING SEGMENTS RECORD QUARTERLY ELECTRICITY SEGMENT REVENUES OF $191.3 MILLION, LED BY STRATEGIC PORTFOLIO EXPANSIONS AND IMPROVED OPERATIONAL PERFORMANCE COMPANY REITERATES ITS FULL YEAR REVENUE AND EBITDA GUIDANCE, DEMONSTRATING STRONG EXECUTION AND CONFIDENCE IN THE BUSINESS'S OUTLOOK RENO, Nev., May 08,... Read More

RENO, Nev., April 09, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc . (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its first quarter financial results in a press release that will be issued on Wednesday, May 8, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on, May 9, 2024.... Read More

RENO, Nev., March 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced today that it has signed a 30-year Power Purchase Agreement (PPA) with Electricité de France (EDF) for the development of a new 10MW geothermal power plant on the Island of Guadeloupe, in which we own a 63.75% equity interest. The new plant development will be added to Ormat’s existing 15MW... Read More

DELIVERED A 77.8% INCREASE IN ANNUAL DILUTED EPS AND A 25.0% INCREASE IN ANNUAL ADJUSTED DILUTED EPS COMPARED TO PRIOR YEAR COMPANY ON TRACK TO MEET 2026 GENERATING CAPACITY GOALS OF 2.1 TO 2.3 GW HIGHLIGHTS TOTAL REVENUES FOR THE FOURTH QUARTER INCREASED BY 1 7. 4 % YEAR - OVER - YEAR DRIVEN BY GROWTH IN BOTH THE ELECTRICITY AND PRODUCT SEGMENT S OPERATING INCOME INCREASED BY 70.8 % FOR THE FOURTH QUARTER AND 9.0 % FOR THE... Read More

Amended and restated PPA secures fixed energy rate, PPA extension and project expansion Approval of amended PPA supported by completion of local Environmental Impact Statement RENO, Nev., Feb. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announces Hawai’i Public Utilities Commission’s (HPUC) approval of two final amendments to the Power Purchase Agreement (PPA)... Read More

RENO, Nev., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its fourth quarter and full year 2023 financial results in a press release that will be issued on Wednesday, February 21, 2024, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m.... Read More

Strategic Acquisition Advances Ormat’s Electricity Segment Growth Plans and Further Strengthens its Presence in the U.S. Renewable Energy Sector Increased Ormat Electricity Segment Generating Portfolio to 1,215 MW Assets Located in Nevada, Utah, Connecticut and California RENO, Nev., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announces that it has closed the... Read More

RENO, Nev., Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced the signing of a 15-year Energy Storage Service Agreement (ESSA) with San Diego Community Power (SDCP), California’s second largest community choice aggregator, for the 20MW/40MWh Pomona 2 Battery Energy Storage System (BESS) located in Los Angeles County, California. The Pomona 2 project,... Read More

RENO, Nev., Dec. 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced today at the United Nations Climate Change Conference (COP28) the signing of a groundbreaking 25-year Power Purchase Agreement (PPA) with Dominica Electricity Services Ltd. (DOMLEC) for the development of a state-of-the-art 10 MW binary geothermal power plant in the Caribbean country of Dominica.... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE THIRD QUARTER INCREASED BY 18.3% YEAR OVER YEAR, WITH GROWTH ACROSS ALL THREE OPERATING SEGMENTS NARROWS ITS FULL-YEAR REVENUE AND EBITDA GUIDANCE, DEMONSTRATING CONFIDENCE IN THE BUSINESS’S OUTLOOK AND PORTFOLIO EXPANSION MOMENTUM RENO, Nev., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced financial results for the... Read More

ORMAT PLANS TO ENHANCE THE ACQUIRED POWER PLANTS EBITDA BY SIGNIFICANTLY IMPROVING THEIR OPERATIONS, PROFITABILITY AND GENERATION ACQUISITION ADVANCES ORMAT’S ELECTRICITY GROWTH PLANS AND FURTHER SOLIDIFIES ITS COMMITMENT TO SUSTAINABLE, LOW CARBON FOOTPRINT ENERGY SOLUTIONS RENO, Nev., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, announced today that it has... Read More

RENO, Nev., Oct. 12, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today released the Company’s annual Sustainability Report, providing an overview of the Company’s environmental, social and governance (ESG) performance in 2022. The 2022 Sustainability report has been updated and structured to enhance the clarity of Ormat’s ESG-related activities. The report includes a... Read More

RENO, Nev., Oct. 10, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its third quarter 2023 financial results in a press release that will be issued on Wednesday, November 08, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on, November... Read More

RENO, Nev., Sept. 19, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that the Company has signed new contracts with Mercury NZ Limited for the supply and Engineering, Procurement and Construction (EPC) of a new 56 MW (gross) geothermal power plant at Ngatamariki, New Zealand. Under the agreement with Mercury, the project will be an expansion of the existing... Read More

RENO, Nev., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has secured a new multi-year contract in partnership with Gotion High-Tech to supply batteries in support of Ormat’s upcoming Energy Storage projects. Under this supply contract, Gotion will provide Ormat with batteries at a capacity of up to 750MWh, with a variable pricing... Read More

RENO, Nev., Sept. 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it will ring the opening bell at the New York Stock Exchange on Wednesday, September 6 th as the Company celebrates entering its 20 th year of listing on the exchange. CEO, Doron Blachar, along with colleagues and management members, will be at the Stock Exchange to commemorate this... Read More

STRATEGIC PORTFOLIO GROWTH AND CAPACITY ADDITIONS DRIVE SUBSTANTIAL INCREASE IN NET INCOME NEW TARGET INCREASED TO 1.9 GW - 2.0 GW BY YEAR END 2025, DRIVEN BY SUCCESSFUL EXPANSION EFFORTS HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 15.2% YEAR-OVER-YEAR, DRIVEN PRIMARILY BY ROBUST GROWTH IN THE PRODUCT SEGMENT COMPANY REITERATES ITS FULL YEAR REVENUE AND EBITDA GUIDANCE, DEMONSTRATING STRONG EXECUTION AND... Read More

RENO, Nev., July 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced that it plans to publish its second quarter 2023 financial results in a press release that will be issued on Wednesday, August 2, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday,... Read More

RENO, Nev., July 06, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that its wholly owned subsidiary Ormat Nevada Inc. recently requested the Bureau of Land Management (BLM) to begin a supplemental National Environmental Policy Act (NEPA) review for the Company’s Dixie Meadows Geothermal Project. Ormat has determined that its resources are more efficiently... Read More

RENO, Nev., July 05, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc (NYSE: ORA) and San Diego Community Power (SDCP) today announced the signing of an agreement that will bring clean, renewable, and affordable energy to the nearly 1 million customers of SDCP. Ormat, a leading renewable energy company, and SDCP, California’s second largest community choice aggregator, signed a power purchase agreement for the Arrowleaf... Read More

RENO, Nev., June 26, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading renewable energy company, today announced that it has successfully commenced commercial operations for two new battery storage facilities, adding a cumulative capacity of 43MW/43MWh. These storage assets were part of four facilities with a total capacity of 62MW/62MWh planned for the first half of 2023. The completed projects... Read More

RENO, Nev., June 20, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (Ormat), a leading geothermal, energy storage, photovoltaic (PV), solar and recovered energy power company, today announced the signing of agreements with Eastland Generation Limited (EGL) to build a 50MW power plant in New Zealand. EGL is a subsidiary of Eastland Group Limited and a regional infrastructure company. This agreement strengthens Ormat’s... Read More

RENO, Nev., May 30, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies (NYSE: ORA), a leading geothermal, energy storage, photovoltaic (PV) solar and recovered energy power company, today announced the successful resumption of operations at the Heber 1 power plant in California. This achievement comes after the plant temporarily shut down due to a fire incident that occurred in February 2022. This significant milestone is a... Read More

HIGHLIGHTS TOTAL NET INCOME GREW BY 57.5% AND OPERATING INCOME INCREASED BY 17.9% SUPPORTED BY IRA BENEFITS AND CONTRIBUTION FROM NEW ASSETS ADJUSTED EBITDA GREW BY 14.5% IN LINE WITH FULL YEAR RUN RATE GUIDANCE NEW CAPACITY OF 50MW IN OUR STORAGE AND ELECTRICITY SEGMENTS RENO, Nev., May 09, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy... Read More

RENO, Nev., April 10, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it plans to publish its first quarter 2023 financial results in a press release that will be issued on Tuesday, May 09, 2023, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss... Read More

RENO, Nev., March 14, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today that it has priced its previously announced underwritten public offering of 3,600,000 shares of its common stock. The offering is expected to close on March 16, 2023, subject to the satisfaction of customary closing conditions. Ormat... Read More

RENO, Nev., March 14, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the launch of an underwritten public offering of 3,600,000 shares of its common stock. The underwriter will have a 30-day option to purchase up to an additional 540,000 shares of its common stock. Ormat intends to use the net proceeds... Read More

HIGHLIGHTS TOTAL REVENUES OF $734.1 MILLION FOR FULL YEAR 2022 INCREASED BY 10.7% YEAR-OVER-YEAR, DRIVEN BY GROWTH IN ALL THREE OPERATING SEGMENTS OPERATING INCOME INCREASED BY 10.7% FOR THE FOURTH QUARTER AND 8.3% FOR THE FULL YEAR COMPARED TO 2021, EXCLUDING A ONE-TIME NON-CASH IMPAIRMENT CHARGE OF $30.5 MILLION RELATED TO BRAWLEY ORMAT ANNOUNCES FULL YEAR 2023 ADJUSTED EBITDA OUTLOOK OF $480 TO $510 MILLION, AN INCREASE... Read More

RENO, Nev., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it plans to publish its fourth quarter and full year 2022 financial results in a press release that will be issued on Wednesday, February 22, 2023, after the market closes. In conjunction with this report, the Company has scheduled a... Read More

RENO, Nev., Jan. 12, 2023 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) - Ormat Technologies (NYSE: ORA) and PT Medco Power Indonesia (“Medco Power”) through their subsidiary company, PT Medco Cahaya Geothermal (“MCG”), signed a Financing Agreement with PT Sarana Multi Infrastruktur (Persero) (“SMI”) for development of Ijen Geothermal Power Plant. The signing was witnessed by Harris Yahya, Geothermal Director of... Read More

RENO, Nev., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the pricing of an upsized underwritten secondary offering of 3,750,000 shares of its common stock on behalf of ORIX Corporation at a price of $90.00 per share. The offering is expected to close on November 21, 2022, subject to... Read More

RENO, Nev., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (“Ormat”), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today the commencement of an underwritten secondary offering of an aggregate of 3,500,000 shares of its common stock on behalf of ORIX Corporation. Ormat is not offering any of its common stock in the offering for its own account and will... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE THIRD QUARTER INCREASED BY 10.7% YEAR OVER YEAR DRIVEN BY CONTINUED GROWTH IN LEADING ELECTRICITY SEGMENT OPERATING INCOME INCREASED 8.1% YEAR OVER YEAR Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced financial results for the third quarter ended September 30, 2022. KEY FINANCIAL RESULTS Q3 2022 Q3 2021... Read More

Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today that it plans to publish its third quarter 2022 financial results in a press release that will be issued on Wednesday, November 2, 2022, after the market closes. In conjunction with this report, the Company will host a conference call to discuss the results at 09:00 a.m. ET on Thursday,... Read More

Ormat Technologies, Inc. (NYSE: ORA) (“Ormat,” the “Company,” “we” or “us”), a leading geothermal, energy storage, solar PV and recovered energy power company, today released the Company’s 2021 Corporate Sustainability Report, providing an overview of the Company’s environmental, social and governance (ESG) performance in 2021. The 2021 Sustainability report has been newly updated and structured to enhance the clarity of... Read More

Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it has signed with Contact Energy of New Zealand (“Contact Energy”) an Engineering, Procurement and Construction (“EPC”) contract for a new maximum continuous performance 59MW geothermal power plant in New Zealand and signed a 6MW supply contract with Sarulla Operations Ltd. (“SOL”) in... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE SECOND QUARTER INCREASED BY 15.1% YEAR OVER YEAR LED BY ELECTRICITY SEGMENT OPERATING INCOME INCREASED 34.9% YEAR OVER YEAR ADJUSTED EBITDA GREW 19.1% YEAR OVER YEAR ORMAT REITERATES 2022 ANNUAL GUIDANCE Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced financial results for the second quarter ended June... Read More

Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced the commercial operation of the Casa Diablo-IV (“CD4”) 30 MW geothermal power plant. The CD4 facility provides 7 MW of geothermal power to two Community Choice Aggregators, Silicon Valley Clean Energy and Central Coast Community Energy, each under a 10-year power purchase agreement (“PPA”).... Read More

Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it plans to publish its second quarter 2022 financial results in a press release that will be issued on Wednesday, August 3, 2022, after the market closes. The Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, August 4, 2022. To participate,... Read More

Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today that it priced an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027 (the “Notes”). The Notes will only be sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company... Read More

Ormat Technologies, Inc. (NYSE: ORA) (“Company” or “Ormat”) announced today its intention to offer $350 million aggregate principal amount of Green Convertible Senior Notes due 2027 (the “Notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors. The... Read More

Ormat Technologies, Inc. (NYSE: ORA) today announced the commercial operation of the 5 MW/20 MWh Tierra Buena Battery Energy Storage System (Tierra Buena BESS). The Tierra Buena BESS will provide local resource adequacy, to two Community Choice Aggregators, Redwood Coast Energy Authority and Valley Clean Energy , at 2.5 MW each, under 10-year agreements. In addition, the facility will provide ancillary services and energy... Read More

Ormat Technologies, Inc. (NYSE:ORA) (“Ormat,” the “Company,” “we” or “us”) today announced the election at its annual meeting of stockholders, held on June 2, 2022, of Michal Marom and Karin Corfee to the Company’s Board of Directors, effective immediately. Ms. Marom will also serve as the Chair of the Audit Committee and a member of the Compensation Committee. Ms. Marom and Ms. Corfee will replace the departing Board... Read More

Ormat Technologies, Inc. (NYSE:ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced the execution of a Power Purchase Agreement (PPA) with California Community Power (CC Power), a Joint Powers Agency consisting of numerous California Community Choice Aggregators (CCAs). Energy deliveries under the portfolio PPA are expected to start in the second quarter of 2024, with the... Read More

Ormat Technologies, Inc. (NYSE:ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced the execution of two Power Purchase Agreements (PPAs) between two of its subsidiaries and NV Energy. Under the first PPA, signed in 2021, NV Energy will purchase 25 MW of power over 25 years generated by the North Valley Geothermal Project, a new facility expected to come online by early... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE FIRST QUARTER INCREASED BY 10.4% YEAR OVER YEAR LED BY ELECTRICITY SEGMENT NET INCOME ATTRIBUTABLE TO THE COMPANY’S STOCKHOLDERS GREW 20.8% YEAR OVER YEAR ADJUSTED EBITDA GREW 8.7% YEAR OVER YEAR. Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced financial results for the first quarter ended March 31,... Read More

Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, announced today that it has signed a 15-year power purchase agreement (PPA) with Peninsula Clean Energy, a Community Choice Aggregator that provides more than 3,500 gigawatt hours of electricity to San Mateo County and the City of Los Banos. Under the terms of the agreement approved by Peninsula Clean... Read More

Ormat Technologies Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that it plans to publish its first quarter 2022 financial results in a press release that will be issued on Monday, May 2, 2022, after the market closes. In conjunction with this report, the Company has scheduled a conference call and webcast to discuss its results at 8:30 a.m. ET on... Read More

Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal, energy storage, solar PV and recovered energy power company, today announced that the Company will host its investor day event on March 30, 2022. The event will begin at 9:00 a.m. Eastern Time, in New York City. The event will include presentations from members of the executive leadership team. Ormat executives will present the Company’s long-term strategy,... Read More

HIGHLIGHTS TOTAL REVENUES FOR THE FOURTH QUARTER INCREASED BY 6.5% YEAR OVER YEAR ELECTRICITY SEGMENT DELIVERED RECORD FISCAL 2021 REVENUES AND GREW BY 8.2% VERSUS PRIOR YEAR STORAGE DEVELOPMENT PIPLENE GREW TO 2.3GW ORMAT PORTFOLIO POISED TO DELIVER SIGNIFICANT GROWTH SUPPORTED BY THE EXPANSION OF OUR GEOTHERMAL ELECTRICITY PORTFOLIO ORMAT PROVIDED FULL YEAR 2022 ADJUSTED EBITDA OUTLOOK OF $430 - $450 MILLION Ormat... Read More

Ormat Technologies Inc. (NYSE: ORA), a leading vertically integrated geothermal energy and recovered energy power company businesses, today announced that it plans to announce its fourth quarter and year-end 2021 financial results in a press release that will be issued on Wednesday, February 23, 2022, after the market closes. In conjunction with this report, the Company will host a conference call and webcast to discuss its... Read More

NEWLY AQUIRED GEOTHERMAL ASSETS CONTRIBUTED TO OUR REVENUES AND BOTTOM LINE ELECTRICITY SEGMENT CONTINUES TO DELIVER PROFIT GROWTH INCREASED PRODUCT SEGMENT BACKLOG TO $67 MILLION REITERATE 2021 ANNUAL ADJUSTED EBITDA GUIDANCE Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the third quarter ended September 30, 2021. KEY FINANCIAL RESULTS Q3 2021 Q3 2020 Change (%) YTD 2021 YTD 2020 Change (%) GAAP... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to report its third quarter 2021 financial results in a press release that will be issued on Wednesday, November 3, 2021, after the market closes. The Company has scheduled a conference call to discuss the results at 10 a.m. ET on Thursday, November 4, 2021. To participate, please dial 1-844-200-6205, approximately 15 minutes prior to the scheduled start of... Read More

Ormat Technologies Inc. (NYSE: ORA) and PT Archi Indonesia Tbk (“Archi”; IDX: ARCI), one of the largest pure-play gold mining companies in Indonesia and Southeast Asia, announced the signing of an agreement to establish a Joint Venture (“JV”) company, PT Toka Tindung Geothermal (“TTG”). This JV company is designed to explore the potential of geothermal energy prospects in the Bitung area of North Sulawesi region, especially... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it has secured a contract to supply products to a 10 MW of a geothermal air-cooled Ormat Energy Converters (OEC) to Polaris Infrastructure Inc. (TSX: PIF) ("Polaris”), a Toronto-based company engaged in the operation, acquisition and development of renewable energy projects in Latin America, for the San Jacinto facility in Telica, Leon, Republic of Nicaragua. Ormat... Read More

Ormat Technologies, Inc. 1 (NYSE: ORA) today announced that it has signed a Long-Term Resource Adequacy agreement with Pacific Gas and Electric Company (PG&E) for its 20MW/40MWh Pomona-2 facility that is currently under construction. The Pomona 2 project will be located adjacent to and will utilize existing infrastructure from the operating Pomona 1 facility. Under the 10-year agreement, the Pomona-2 facility will provide... Read More

Continues to Deliver Top Line Growth in Electricity and Energy Storage Segments Increases 2021 Revenue Annual Guidance, Reflecting Contributions From Recently Acquired Geothermal Assets Increased Product Segment Backlog to $59 Million Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the second quarter ended June 30, 2021. KEY FINANCIAL RESULTS Q2 2021 Q2 2020 Change (%) H1 2021 H1 2020 Change (%)... Read More

Ormat Technologies, Inc. (NYSE: ORA) announces that it has closed the previously announced acquisition of TG Geothermal Portfolio, LLC, paying $171 million for 100% of the equity interests and assumed debt and associated lease obligations with a book value of approximately $206 million as of June 30, 2021. Following the acquisition, Ormat now owns and operates two geothermal power plants in Nevada at Dixie Valley and... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its second quarter 2021 financial results in a press release that will be issued on Wednesday, August 4, 2021, after the market closes. The Company has scheduled a conference call to discuss the results at 10 a.m. ET on Thursday, August 5, 2021. To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it has secured a new contract with Star Energy Geothermal Salak to supply products to extends the Salak geothermal field in Indonesia. The Salak geothermal field is located near Jakarta on the southwest flank of the Gunung Salak volcano and is currently contains geothermal power plant utilizing steam. The new 14 MW Salak geothermal power plant will use air-cooled Ormat... Read More

Ormat Technologies Inc. (NYSE: ORA) announced the completion of the expansion of its McGinness Hills Phase 3 geothermal power plant in Eastern Nevada. The expansion increases the power plant net capacity to approximately 69 MW, bringing the entire McGinness Hills complex capacity to a total of approximately 160 MW. The McGinness Hills Phase 3 power plant continues to sell its electricity under the current 25-year long term... Read More

ACCELERATES ORMAT’S ELECTRICITY SEGMENT GROWTH PLANS, REACHING 1 GW PORTFOLIO ORMAT TO SIGNIFICANTLY ENHANCE ACQUIRED POWER PLANTS AND POTENTIALLY DEVELOP GREENFIELD ASSET PROVIDES POTENTIAL SYNERGIES, INCLUDING TRANSMISSION LINE CONNECTING NEVADA AND CALIFORNIA Ormat Technologies, Inc. (NYSE: ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-Gen, LLC)... Read More

Ormat Technologies Inc. (NYSE: ORA) announced that it has signed a 15-year power purchase agreement (PPA) with the Clean Power Alliance (CPA), which is the fifth largest electricity provider in California and the single largest provider of 100% renewable energy to customers in the nation. Under terms of the agreement, effective January 1, 2022, CPA will purchase 14 MW of clean, renewable energy from Ormat’s Heber South... Read More

CONTINUE TO DELIVER REVENUE GROWTH AT BOTH ELECTRICITY AND ENERGY STORAGE SEGMENTS REITERATE 2021 ANNUAL ADJUSTED EBITDA GUIDANCE INCREASED ENERGY STORAGE PIPELINE TO 2 GW Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the first quarter ended March 31, 2021. KEY FINANCIAL RESULTS Q1 2021 Q1 2020 Change (%) GAAP Measures Revenues ($ millions) Electricity 145.0 142.9 1.5 % Product 8.6 47.4 (81.8 )%... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its first quarter 2021 financial results in a press release that will be issued on Wednesday, May 5, 2021, after the market closes. The Company has scheduled a conference call to discuss the results at 9 a.m. ET on Thursday, May 6, 2021. To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the call. If... Read More

Ormat Technologies, Inc. 1 (NYSE: ORA) today announced the commercial operation of the 10 MW/40 MWh Vallecito Battery Energy Storage System (Vallecito BESS). The Vallecito BESS provides local resource adequacy to Southern California Edison (SCE) under a 20-year energy storage resource adequacy agreement. In addition, the facility will provide ancillary services and energy optimization through participation in merchant... Read More

Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”) issued the following statement in response to a March 1, 2021 write up by Hindenburg Research LLC (“Hindenburg”). Hindenburg is a self-proclaimed short seller who we believe stands, along with its clients, to realize significant gains in the event that Ormat’s stock price declines. Hindenburg’s claims are inaccurate and filled with innuendo in an attempt to... Read More

NET INCOME ATTRIBUTABLE TO THE COMPANY’S STOCKHOLDERS FOR THE FOURTH QUARTER INCREASED 64.2% YEAR OVER YEAR COMPANY INCREASES ITS QUARTERLY DIVIDEND BY 9% TO $0.12 PER SHARE Ormat Technologies, Inc. (NYSE: ORA) today announced financial results for the fourth quarter and full year ended December 31, 2020. KEY FINANCIAL RESULTS (Dollars in millions, except per share) Q4 2020 Q4 2019 Change (%) FY 2020 FY 2019 Change (%) GAAP... Read More

Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its fourth quarter and year-end 2020 financial results in a press release that will be issued on Wednesday, February 24, 2021, after the market closes. The Company has scheduled a conference call to discuss its results and growth expectations at 9 a.m. ET on Thursday, February 25, 2021. To participate, please dial 1-877-511-6790 approximately 15... Read More