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