Ormat Technologies Inc. is a renewable energy company specializing in geothermal power, recovered energy generation, solar photovoltaic, and energy storage solutions. Headquartered in Reno, Nevada and... Ormat Technologies Inc. is a renewable energy company specializing in geothermal power, recovered energy generation, solar photovoltaic, and energy storage solutions. Headquartered in Reno, Nevada and founded in 1965, the company operates as a vertically integrated provider, designing, developing, building, owning, and operating power generation assets worldwide. Ormat Technologies Inc. serves utilities, municipalities, community choice aggregators, industrial customers, and energy developers through three main business segments: Electricity, Product, and Energy Storage. In its Electricity segment, the company sells baseload and flexible renewable electricity under long-term power purchase agreements from geothermal, solar, recovered energy, and battery storage facilities. Through its Product segment, Ormat Technologies Inc. manufactures and sells specialized equipment and complete turnkey plants for geothermal and waste-heat-based power generation, leveraging proprietary technologies such as the Ormat Energy Converter. Its Energy Storage segment provides battery energy storage systems and grid services, including capacity, ancillary services, and load management, supporting grid reliability and integration of renewables. By focusing on low-emission, dispatchable renewable power and advanced storage, Ormat Technologies Inc. plays a significant role in modern electricity and infrastructure markets across North America, Latin America, East Africa, Asia, and Europe.
Explore Ormat Technologies's total revenue by fiscal year, normalized to USD alongside the as-reported original currency value.
Metric
2025
2024
2023
2022-2019
Total Revenue(USD)
989,500,000a
879,700,000a
829,424,000b
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