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Ormat Technologies Inc
Ormat Technologies's GHG Emissions Data Preview
In 2023, Ormat Technologies completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
However, Ormat Technologies has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Verified Sources Behind Ormat Technologies’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Ormat Technologies’s data sources below and access millions more through our Disclosure Search.
Insights into Ormat Technologies's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions ofOrmat Technologies amounted to198,038metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Ormat Technologiesdecreased by 4.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Ormat Technologies's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Ormat Technologies's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Ormat Technologies were 171,778 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Ormat Technologies reduced its Scope 1 emissions over time?
Since 2018, Ormat Technologies's Scope 1 emissions have increased by 520.59%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2022), Ormat Technologies's Scope 1 emissions decreased by 6.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Ormat Technologies's Scope 2 emissions?
In 2023, Ormat Technologies reported Scope 2 greenhouse gas (GHG) emissions of 25,934 tCOâ‚‚e using the market-based method and 26,260 tCOâ‚‚e using the location-based method.a
Has Ormat Technologies reduced its Scope 2 emissions over time?
Compared to the previous year(2022), Ormat Technologies's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Ormat Technologies's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Ormat Technologies use for Scope 2 reporting?
In 2023, Ormat Technologies reported its Scope 2 emissions using the market-based method and using the location-based method.a
Ormat Technologies's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Ormat Technologies's Value Chain Emissions
In 2023, Ormat Technologies reported 337,122 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2023 disclosure of Ormat Technologies includes a breakdown across 0of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Ormat Technologies's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Ormat Technologies's Scope 3 emissions?
In 2023, Ormat Technologies reported total Scope 3 emissions of 337,122 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year (2022), Ormat Technologies's Scope 3 emissions decreased by 14.88%, highlighting the company's efforts to lower indirect emissions from its value chain.a
Insights into Ormat Technologies’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Ormat Technologies reported Scope 1 greenhouse gas (GHG) emissions of 171,778 tCOâ‚‚e and total revenues of USD 829 millions. This translates into an emissions intensity of 207.11 tCOâ‚‚e per millions USD.a
Ormat Technologies's Scope 1 Emissions Intensity Compared to Peers
How does Ormat Technologies's GHG emissions intensity compare to its peers?
In 2023, Ormat Technologies reported a Scope 1 emissions intensity of 207.11 tCOâ‚‚e per millions USD. Compared to the peer group median of 421.58, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Ormat Technologies rank on GHG emissions intensity within its industry?
In 2023, Ormat Technologies ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Ormat Technologies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Ormat Technologies's Total Carbon Footprint
In 2023, Ormat Technologies reported a total carbon footprint of 535,160 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.42% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Ormat Technologies's total carbon footprint was Scope 3 emissions, accounting for 62.99% of the company's total carbon footprint, followed by Scope 1 emissions at 32.1%.a