Profile: Ormat Technologies Inc (ORA.N)
23 Jun 2017
Ormat Technologies, Inc., incorporated on September 15, 1994, is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The Company's equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity segment and Product segment. The Company also manufactures products that produce electricity from recovered energy or so-called waste heat. It also constructs, owns and operates recovered energy-based power plants.
The Company's Electricity segment develops, builds, owns and operates geothermal and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world, and sells the electricity it generates. The Company's geothermal power plants are located in California, which include Ormesa complex, Heber Complex, Mammoth Complex and North Brawley; West Nevada, which include Steamboat complex and Brady Complex; East Nevada, including Tuscarora, Jersey Valley, McGinness Hills and Don A. Campbell; Hawaii, which include Puna, and international, which include Amatitlan, Zunil and Olkaria III Complex. The Company also owns and operates recovered energy generation (REG) power plants, which include OREG 1, OREG 2, OREG 3 and OREG 4.
The Company's Product Segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation and remote power units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal, and recovered energy-based power plants. It designs, manufactures and sells power units for geothermal electricity generation, which is referred to as Ormat Energy Converter (OECs). The Company offers OECs to contractors and geothermal power plant developers, owners and operators. The Company also offers power units used to generate electricity from recovered energy. It offers power units for recovered energy-based power generation to interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and other companies engaged in other energy-intensive industrial processes. The Company engineers, procures and constructs, as engineering, procurement and construction (EPC) contractor, geothermal and recovered energy power plants on a turnkey basis. The Company designs, manufactures and sells fossil fuel powered turbo-generators with capacities ranging from 200 watts to 5,000 watts. The Company offers turbo-generators to contractors installing gas pipelines in remote areas and off-shore platforms operators, and contractors. In addition, the Company designs, manufactures and sells generators, including heavy duty direct-current generators, for various other uses.
The Company competes with CalEnergy, Calpine Corporation, Terra-Gen Power LLC, Enel Green Power S.p.A, Mercury, Contact Energy, Energy Development Corporation, Mitsubishi Hitachi Power Systems, Fuji Electric Co., Ltd., Toshiba, GE/Nuovo Pignone brand, Ansaldo Energia, Atlas Copco Company, Exergy, GE, Geothermal Energy Research & Development Co., Ltd and Global Thermoelectric.
Ormat Technologies Inc
6225 Neil Rd Ste 300
RENO NV 89511-1136
Company Web Links
- BRIEF-Ormat secures first portfolio power purchase agreement for 150 MW of geothermal capacity
- BRIEF-Migdal Insurance & Financial Holdings reports 9.89 pct passive stake in Ormat Technologies
- Japan's ORIX to buy 22 percent of Israel geothermal energy firm Ormat
- Japan's ORIX to buy 22 pct of Israel geothermal energy firm Ormat
- BRIEF-Ormat Technologies says Orix Corp to acquire 22% stake in Ormat for about $627 mln