Ormat Technologies
Ormat Technologies specializes in geothermal power, waste heat recovery, and energy storage, generating $829 million in revenues in 2023 with over 55 years of experience in the renewable energy sector.
Ormat Technologies Services
Ormat Technologies specializes in geothermal power, waste heat recovery, and energy storage solutions. These services are essential components of their renewable energy management framework. By leveraging their expertise in these areas, Ormat Technologies helps clients optimize their energy use, reduce costs, and minimize environmental impact. The company is dedicated to providing sustainable energy avenues, thus positioning itself as a leader in the renewable energy sector.
Ormat Technologies History
With over 55 years of experience in the renewable energy sector, Ormat Technologies has established itself as a prominent player in the industry. The company has consistently focused on sustainable energy solutions, pioneering advancements in geothermal power and waste heat recovery. Over the decades, Ormat has grown its global presence and increased its portfolio to 1.4 GW.
Ormat Technologies Global Operations
Ormat Technologies operates on a global scale, with projects in countries such as the USA, Kenya, Indonesia, and Honduras. This worldwide presence underscores Ormat’s ability to manage and execute renewable energy projects across diverse geographical locations. The company's commitment to sustainable energy solutions is evident in its international collaborations and acquisitions, including geothermal and solar assets from Enel Green Power.
Ormat Technologies Financial Performance
In 2023, Ormat Technologies generated $829 million in revenues, highlighting the company's strong financial performance in the renewable energy sector. This revenue generation reflects the company’s effective operational strategies and substantial market presence. Ormat's ability to maintain such financial health is crucial for sustaining long-term growth and innovation in energy management solutions.
Ormat Technologies Workforce
Ormat Technologies employs approximately 1,600 people, enabling the company to maintain extensive operations and service capabilities. The workforce is integral to Ormat’s success, bringing expertise and commitment to sustainable energy solutions. By fostering a competent and dedicated team, Ormat ensures the effective management and development of its renewable energy projects.