Ormat Technologies

Products & Services

About Ormat Technologies

Ormat Technologies, Inc. (Ormat) designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The company sells electricity to utilities through various long-term purchase agreements. It also designs, manufactures and sells power units and other power generating equipment for geothermal power plants and recovered energy-based electricity generation. The company classifies its operations through two reportable business segments: Electricity and Product. Ormat's Electricity segment builds, develops, operates and owns geothermal and recovered energy based power plants in the US and geothermal power plants in other countries around the world. It also manufactures major power plant components. Ormat supplies clean, geothermal power to over 20 countries around the world. The company also sells the electricity generated from these plants. As of February 2017, it had approximately 713 MW of total installed capacity. The company has 19 power plants in operations, of which 15 are geothermal plants and four REG plants. For the FY2016, the electricity segment generated revenue of US$436.2 million, which accounted for 65.8% of the company's total revenue. The company’s Products segment designs, manufactures, and sells products and related services for geothermal and REG. Its product line includes power units for geothermal power plants, power units for recovered energy-based power generation, remote power units and generators. Ormat also provides services related to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. The company designs, manufactures and sells fossil fuel powered turbo-generators with a capacity ranging between 200 watts and 5,000 watts. For the FY2016, the product segment reported revenue of US$226.2 million, which accounted for 34.2% of the company's total revenue. The company's research and development (R&D) activities focus on the improvement of plant performance, increase the breadth of product offerings and reduce costs. It also focuses on continued improvements to condensing equipment with improved performance and lower land usage and developing new turbines and specialized remote power units. In FY2016, the company invested around US$2.7 million towards its R&D activities. Geographically, the company operates through seven regions, namely, the US, Indonesia, Kenya, Turkey, Chile, Guatemala and Other Foreign countries. For the FY2016, the US region accounted for 46.3% of the company’s total revenue, followed by Indonesia with 15.2%, Kenya with 16.5%, Turkey with 7%, Chile with 8.8%, Guatemala with 4.5% and Other Foreign countries with 1.7%.

Its primary NAICS classification is 221116 (Geothermal Electric Power Generation). Ormat Technologies is one of 409,205 companies listed in Nevada.

Business Contact Information

Phone

(775) 356-9029

Fax

(775) 356-9039

Website

www.ormat.com

Address

6140 Plumas St, Reno, Nevada, 89519-6075, United States

Industry & Classification

Industry

Utilities

Sector

Utilities

Segment

Electric Utilities

Company Details

Employees

1,512

Largest utilities companies