Ormat Technologies (NYSE:ORA) (NYSE:ORA), founded in 1965 and headquartered in Reno, Nevada, is a global leader in the geothermal energy sector. The company specializes in the design, development, construction and operation of geothermal power plants, utilizing its proprietary Organic Rankine Cycle (ORC) technology. From its early days delivering its first power plant in the Negev desert, Ormat has grown into an international clean energy provider, marrying decades of geothermal expertise with continuous innovation.
Ormat’s core business activities encompass turnkey power plant solutions, equipment manufacturing and energy services. The company engineers and fabricates critical components such as turbines, heat exchangers and power generation modules. By offering comprehensive project management through commissioning and long-term operations and maintenance, Ormat ensures optimized performance and reliability for its customers, which include utilities, independent power producers and commercial enterprises.
With a diversified portfolio of geothermal and recovered energy generation facilities, Ormat operates in over 20 markets worldwide. Key regions include the western United States, Central America, East Africa and Southeast Asia. In addition to geothermal projects, the company leverages its ORC technology for biomass, solar-thermal and industrial waste heat recovery applications. This geographical and technological footprint underlines Ormat’s commitment to deliver sustainable energy solutions across varied climates and regulatory environments.
Leadership at Ormat Technologies is anchored by President and Chief Executive Officer Doron Blachar, who steers a management team with deep roots in renewable energy. Under his direction, the company continues to expand its project pipeline and explore strategic partnerships. Driven by a mission to advance carbon-free electricity, Ormat blends a rich heritage of geothermal expertise with forward-looking research and development initiatives.
