Ormat Technologies Inc
Ormat Technologies Energy Data Preview
In 2023, Ormat Technologies disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Ormat Technologies also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Ormat Technologies also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Ormat Technologies also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Ormat Technologies's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Energy Sold | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Ormat Technologies's Energy Renewability
In 2023, Ormat Technologies consumed a total of 7.18 million Gigajoules of energy across its operations. Of this total, 93.41% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 6.59% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Ormat Technologies's Energy Renewability Rate
How much of Ormat Technologies's energy consumed is renewable?
In 2023, Ormat Technologies consumed a total of 7.18 million Gigajoules of energy, of which 93.41% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This high level of renewable energy use suggests that Ormat Technologies has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.
Are Ormat Technologies's energy practices becoming more sustainable?
Since 2019, Ormat Technologies's total energy consumption increased by 4.34%, including a 2.38% increase in 2023, reflecting a sustained rise in overall energy demand.
Over the same period, the share of renewable energy increased by 1.28%, while holding steady in 2023, indicating past gains that have recently stabilized.
Overall, Ormat Technologies’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.
Ormat Technologies's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Ormat Technologies's Energy Consumption & Production Mix
In 2023, Ormat Technologies disclosed detailed information on the sources and generation technologies of the energy it produced. This disclosure enables a clearer assessment of the Ormat Technologies's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
What are the main sources or generation technologies used by Ormat Technologies to produce energy?
In 2023, Ormat Technologies's energy production came primarily from
- Electricity (Unspecified Source) (50%)
- Geothermal Energy (48.36%)
- Waste Heat (1.21%)
How diverse is Ormat Technologies’s energy production mix?
In 2023, Ormat Technologies produced energy using 4 different sources or generation technologies. While moderately diverse, the production mix shows a partial dependence on Electricity (Unspecified Source) (50%).