Ormat Technologies Inc

Common Name
Ormat Technologies
Country
United States
Sector
Utilities
Industry
Utilities - Renewable
Employees
1,512
Ticker
ORA
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Ormat Technologies Inc. is a leading company in the renewable energy sector, specializing in the development, construction, and operation of geothermal and recovered energy-based power plants. Ormat's...

Ormat Technologies's Climate Target Data Preview

As of 2023, Ormat Technologies has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 intensity-based target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Ormat Technologies ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Intensity-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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2024

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Ormat Technologies's Greenhouse Gas Emissions Pathways

As of 2023, Ormat Technologies has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.

Does Ormat Technologies have a target to reduce the emissions from its operations?

As of 2023, Ormat Technologies has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.

Ormat Technologies's most ambitious operational target is to reduce these emissions by 22.62% by 2024, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2019.

Ormat Technologies has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2024 value, achieving its climate goal ahead of schedule.

Ormat Technologies's Operational (Scope 1+2) Emissions Pathway

20192023202400000BaselineCurrent (-28%)
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