| Market Capitalization (Millions $) |
6,488 |
| Shares
Outstanding (Millions) |
62 |
| Employees |
1,648 |
| Revenues (TTM) (Millions $) |
1,163 |
| Net Income (TTM) (Millions $) |
131 |
| Cash Flow (TTM) (Millions $) |
538 |
| Capital Exp. (TTM) (Millions $) |
541 |
Business Description
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.
Ormates geothermal power systems are used to convert heat generated by the earthes core into electricity, providing a sustainable and reliable energy source. The companyes 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 companyes 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 companyes dedication to sustainability and its commitment to reducing greenhouse gas emissions have made it a valuable and respected player in the energy industry.
Company Address: 6884 Sierra Center Parkway, Reno, 89511 NV
Company Phone Number: 356-9029 Stock Exchange / Ticker: NYSE ORA
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11.95 %