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Ormat Technologies Inc's Business Segments
Ormat Technologies Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
3
Largest Segment
Electricity
Total Revenue
$ 403
Regions Reported
1
Revenue Share by Reportable Segment - Q1 FY2026
- Electricity45%
- Product44%
- Energy Storage11.1%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Electricity | $ 182 | 45% |
| Product | $ 177 | 44% |
| Energy Storage | $ 45 | 11.1% |
Revenue Share by Region - Q1 FY2026
- Non-US55.9%
Revenue by Geographic Region - Q1 FY2026
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| Non-US | $ 225 | 55.9% |
Revenue by Product & Service Category - Q1 FY2026
- Electricity45%
- Product44%
- Topp2 Power Plant26.1%
- Accounted for Under ASC 60611.9%
- Energy Storage11.1%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Electricity | $ 182 | 45% |
| Product | $ 177 | 44% |
| Topp2 Power Plant | $ 105 | 26.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Ormat Technologies Inc
Ormat Technologies, Inc. is a publicly-traded company that provides renewable energy solutions through the development, manufacture, and sale of geothermal power systems. The company was founded in 1965 and is headquartered in Reno, Nevada.
Ormat’s geothermal power systems are used to convert heat generated by the earth’s core into electricity, providing a sustainable and reliable energy source. The company’s technology allows for the development and operation of geothermal power plants in a variety of locations, including areas with low-temperature resources, which were previously not viable for geothermal development.
Ormat has a proven track record of success in the geothermal industry, with over5 gigawatts of installed capacity across the world. The company’s development and operation of geothermal power plants have contributed significantly to the reduction of greenhouse gas emissions, making it a leader in the clean energy sector.
Ormat has a diversified business model, offering engineering, procurement, and construction services, as well as power purchase agreements, leases for geothermal resources, and energy storage solutions. The company also operates a segment focused on energy storage and management solutions, primarily using lithium-ion batteries.
In addition to its geothermal operations, Ormat has expanded its renewable energy offerings to include energy recovery systems for industrial processes, solar photovoltaic power systems, and waste-to-energy power systems.
Ormat has received numerous accolades for its commitment to sustainability and clean energy, including being named one of the World's Most Ethical Companies by Ethisphere Institute for three consecutive years.
Overall, Ormat Technologies, Inc. is a leader in the renewable energy sector, offering innovative solutions for the production and management of clean energy resources. The company’s dedication to sustainability and its commitment to reducing greenhouse gas emissions have made it a valuable and respected player in the energy industry.
Ormat’s geothermal power systems are used to convert heat generated by the earth’s core into electricity, providing a sustainable and reliable energy source. The company’s technology allows for the development and operation of geothermal power plants in a variety of locations, including areas with low-temperature resources, which were previously not viable for geothermal development.
Ormat has a proven track record of success in the geothermal industry, with over5 gigawatts of installed capacity across the world. The company’s development and operation of geothermal power plants have contributed significantly to the reduction of greenhouse gas emissions, making it a leader in the clean energy sector.
Ormat has a diversified business model, offering engineering, procurement, and construction services, as well as power purchase agreements, leases for geothermal resources, and energy storage solutions. The company also operates a segment focused on energy storage and management solutions, primarily using lithium-ion batteries.
In addition to its geothermal operations, Ormat has expanded its renewable energy offerings to include energy recovery systems for industrial processes, solar photovoltaic power systems, and waste-to-energy power systems.
Ormat has received numerous accolades for its commitment to sustainability and clean energy, including being named one of the World's Most Ethical Companies by Ethisphere Institute for three consecutive years.
Overall, Ormat Technologies, Inc. is a leader in the renewable energy sector, offering innovative solutions for the production and management of clean energy resources. The company’s dedication to sustainability and its commitment to reducing greenhouse gas emissions have made it a valuable and respected player in the energy industry.
Ormat Technologies Inc. is a prominent player in the renewable energy sector, focusing specifically on the development, manufacturing, and sale of geothermal and recovered energy-based electricity generation products, as well as energy storage and management solutions. The company is committed to delivering innovative and high-quality energy solutions tailored for utility providers, commercial and industrial clients, and governments globally.
Segments
Ormat Technologies operates through three primary segments:
1. Electricity Generation:
This segment is central to Ormat’s business model, encompassing the development, construction, and operation of geothermal power plants. The plants harness geothermal energy, which is derived from the earths internal heat. Ormat holds an extensive portfolio that includes numerous geothermal power plants across various geographical locations and a range of energy generation projects at different stages of development. This segment emphasizes the efficient extraction and conversion of geothermal energy into electricity, contributing to a more sustainable energy future.
2. Energy Storage and Management:
The Energy Storage and Management segment is dedicated to creating solutions that enhance grid reliability and efficiency through advanced energy storage systems. Ormat designs, develops, and constructs energy storage facilities that integrate with power grids to help balance supply and demand. These systems enable utilities to store excess energy generated during low-demand periods and release it during peak demand times, mitigating fluctuations in energy supply and improving overall grid stability.
3. Product Manufacturing:
This segment encompasses the manufacturing and sale of specialized products that support the efficient operation of Ormat’s energy generation and storage offerings. The company produces power control systems, energy management software, and various equipment that facilitate the seamless integration of geothermal and energy storage technologies. By leveraging its technological expertise, Ormat aims to develop innovative solutions that enhance the performance and operational efficiency of energy assets.
Products and Services
Ormat Technologies offers a diverse array of products and services tailored to meet the needs of its customers:
1. Geothermal Power Plants:
Ormat’s geothermal power plants are engineered to leverage geothermal energy, converting the Earth’s natural heat into electricity. These facilities utilize advanced technology and a proprietary process to extract geothermal resources efficiently, generating clean and sustainable energy. The company has established a significant presence in geothermal energy markets worldwide.
2. Energy Storage Systems:
Ormat provides a variety of energy storage solutions, crucial for enhancing the functionality and reliability of the electric grid. These systems include lithium-ion batteries and flow batteries tailored to store energy generated during off-peak times and discharge it during high-demand situations. This capability not only helps in stabilizing the grid but also supports the integration of renewable energy sources.
3. Energy Management Software:
The company’s energy management software is essential for optimizing the performance of energy generation and storage assets. Designed to work in conjunction with Ormat’s systems, this software offers a comprehensive dashboard that allows customers to monitor, analyze, and manage their energy resources effectively. The software aids in making informed decisions that enhance operational efficiency.
4. Power Control Systems:
Ormat develops sophisticated power control systems that regulate the flow of energy from its geothermal plants and storage systems to the grid. These control systems are critical for utilities and businesses looking to maximize energy efficiency and stabilize grid operations. By providing real-time data and analytics, these systems help manage energy loads, reduce costs, and improve overall energy distribution.
5. Engineering and Design Services:
Ormat offers extensive engineering and design services that support clients through the entire lifecycle of their energy projects. These services include site assessments, detailed engineering and design, procurement of materials and equipment, and comprehensive construction management. Ormats expertise helps ensure that projects are delivered on time, within budget, and to the highest quality standards.
Conclusion
With its focus on geothermal and energy storage technologies, Ormat Technologies Inc. is at the forefront of the renewable energy sector. The company’s commitment to innovation and efficiency positions it as a leader in providing sustainable energy solutions designed to meet the challenges of a rapidly changing energy landscape. Through its diverse segments and comprehensive offerings, Ormat is well-equipped to support the needs of utility providers, businesses, and governments worldwide in their transition to cleaner and more efficient energy systems.
Segments
Ormat Technologies operates through three primary segments:
1. Electricity Generation:
This segment is central to Ormat’s business model, encompassing the development, construction, and operation of geothermal power plants. The plants harness geothermal energy, which is derived from the earths internal heat. Ormat holds an extensive portfolio that includes numerous geothermal power plants across various geographical locations and a range of energy generation projects at different stages of development. This segment emphasizes the efficient extraction and conversion of geothermal energy into electricity, contributing to a more sustainable energy future.
2. Energy Storage and Management:
The Energy Storage and Management segment is dedicated to creating solutions that enhance grid reliability and efficiency through advanced energy storage systems. Ormat designs, develops, and constructs energy storage facilities that integrate with power grids to help balance supply and demand. These systems enable utilities to store excess energy generated during low-demand periods and release it during peak demand times, mitigating fluctuations in energy supply and improving overall grid stability.
3. Product Manufacturing:
This segment encompasses the manufacturing and sale of specialized products that support the efficient operation of Ormat’s energy generation and storage offerings. The company produces power control systems, energy management software, and various equipment that facilitate the seamless integration of geothermal and energy storage technologies. By leveraging its technological expertise, Ormat aims to develop innovative solutions that enhance the performance and operational efficiency of energy assets.
Products and Services
Ormat Technologies offers a diverse array of products and services tailored to meet the needs of its customers:
1. Geothermal Power Plants:
Ormat’s geothermal power plants are engineered to leverage geothermal energy, converting the Earth’s natural heat into electricity. These facilities utilize advanced technology and a proprietary process to extract geothermal resources efficiently, generating clean and sustainable energy. The company has established a significant presence in geothermal energy markets worldwide.
2. Energy Storage Systems:
Ormat provides a variety of energy storage solutions, crucial for enhancing the functionality and reliability of the electric grid. These systems include lithium-ion batteries and flow batteries tailored to store energy generated during off-peak times and discharge it during high-demand situations. This capability not only helps in stabilizing the grid but also supports the integration of renewable energy sources.
3. Energy Management Software:
The company’s energy management software is essential for optimizing the performance of energy generation and storage assets. Designed to work in conjunction with Ormat’s systems, this software offers a comprehensive dashboard that allows customers to monitor, analyze, and manage their energy resources effectively. The software aids in making informed decisions that enhance operational efficiency.
4. Power Control Systems:
Ormat develops sophisticated power control systems that regulate the flow of energy from its geothermal plants and storage systems to the grid. These control systems are critical for utilities and businesses looking to maximize energy efficiency and stabilize grid operations. By providing real-time data and analytics, these systems help manage energy loads, reduce costs, and improve overall energy distribution.
5. Engineering and Design Services:
Ormat offers extensive engineering and design services that support clients through the entire lifecycle of their energy projects. These services include site assessments, detailed engineering and design, procurement of materials and equipment, and comprehensive construction management. Ormats expertise helps ensure that projects are delivered on time, within budget, and to the highest quality standards.
Conclusion
With its focus on geothermal and energy storage technologies, Ormat Technologies Inc. is at the forefront of the renewable energy sector. The company’s commitment to innovation and efficiency positions it as a leader in providing sustainable energy solutions designed to meet the challenges of a rapidly changing energy landscape. Through its diverse segments and comprehensive offerings, Ormat is well-equipped to support the needs of utility providers, businesses, and governments worldwide in their transition to cleaner and more efficient energy systems.