HyOrc's fiscal year 2024 revenue was primarily derived from operation and maintenance services, electricity sales, and technical services provided through its subsidiary, SRE Power, Inc., under the Project Funding, Build and Transfer Agreement with Biliran Geothermal, Inc. (BGI). In 2025, the Biliran 2 MW geothermal power plant was offline due to a legal dispute between SRE Power and BGI, resulting in a significant decrease in revenue. During 2025, the company generated limited revenue from engineering services and equipment sales.
In 2025, HyOrc earned $57,847.18 from technical service activities related to gas and steam turbine installation projects at the Heilbronn and Altbach power stations in Germany. These projects were executed by Sener Bonatti with Joule Energie GmbH as subcontractor. HyOrc provided sourcing, mobilization, and administrative coordination of personnel employed by Joule Energie.
Additionally, HyOrc was involved in a turbine supply transaction valued at $208,406.25 for two 500 kW turbine units to a customer in Turkey through related party Vaigunth Enertek Private Limited, acting as an agent and providing technical and commercial support. The company is entitled to 70% of the remaining balance of the contract value.
Hyorc’s Comment on Sales, Marketing and Customers
HyOrc's fiscal year 2024 revenue was primarily derived from operation and maintenance services, electricity sales, and technical services provided through its subsidiary, SRE Power, Inc., under the Project Funding, Build and Transfer Agreement with Biliran Geothermal, Inc. (BGI). In 2025, the Biliran 2 MW geothermal power plant was offline due to a legal dispute between SRE Power and BGI, resulting in a significant decrease in revenue. During 2025, the company generated limited revenue from engineering services and equipment sales.
In 2025, HyOrc earned $57,847.18 from technical service activities related to gas and steam turbine installation projects at the Heilbronn and Altbach power stations in Germany. These projects were executed by Sener Bonatti with Joule Energie GmbH as subcontractor. HyOrc provided sourcing, mobilization, and administrative coordination of personnel employed by Joule Energie.
Additionally, HyOrc was involved in a turbine supply transaction valued at $208,406.25 for two 500 kW turbine units to a customer in Turkey through related party Vaigunth Enertek Private Limited, acting as an agent and providing technical and commercial support. The company is entitled to 70% of the remaining balance of the contract value.
Sources:
Hyorc Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Hyorc Corporation’s corporate clients.
For your research, we’ve provided 9 tables on Hyorc Corporation corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
