Ormat Technologies, Inc. (ORA) is a globally recognized leader in the renewable energy sector, specifically focused on geothermal and recovered energy generation. Ormat is in the business of harnessing the power of the earth's core and turning it into sustainable and efficient energy sources. The company's operations extend across the United States and into other countries, including Kenya, Guatemala, and Honduras, amongst others.
Founded in 1965 and headquartered in Reno, Nevada, Ormat was built on the principle of stewarding a more sustainable future through innovation. The company has a remarkable track record in providing clean, reliable, and sustainable energy production that not only serves the commercial sector but also millions of people and communities worldwide. A key player on the New York Stock Exchange, ORA demonstrates an impressive capacity for generating power - with a total installed capacity that exceeds 900 MW globally.
Ormat excels in every aspect of geothermal energy and recovered energy generation, from exploration of energy resources to design, construction, and operation of power plants. The energy they generate is known for its base-load qualities, meaning it reliably and consistently supplies electricity around the clock. This distinguishes it from some other renewable sources, like wind and solar, which are intermittent, depending on weather conditions.
Ormat Technologies' innovation and commitment to sustainability extend beyond geothermal power production. The company also operates in energy storage and management solutions through its battery storage systems, offering another vital contribution to the renewable energy field.
The company's divisions include Electricity, Products, and Energy Storage. Besides geothermal and recovered energy generation power plants, these services provide a wide range of solutions in line with the much-needed energy transition.
Ormat's philosophy combines economic growth with environmental care, creating a more sustainable world. The company tirelessly works towards reducing carbon emissions and harnessing renewable energy sources effectively.
Today, Ormat Technologies continues to grow, driven by its vision to be the world's leading provider of renewable energy, focusing on continual technological innovation, operational excellence, and responsible resource management. As a pioneer of variable renewable energy, ORA is shaping the future, ensuring that the generations to come will have a greener, more sustainable world.