ORA Stock - Ormat Technologies Inc.

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Ormat Technologies, Inc., headquartered in Reno, Nevada, specializes in the geothermal and recovered energy power sectors, operating across a global footprint that includes the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, and Honduras. Established in 1965, the company is organized into three primary segments: Electricity, Product, and Energy Storage. The Electricity segment focuses on developing, constructing, owning, and operating geothermal, solar photovoltaic, and recovered energy-based power plants, while also selling electricity generated from these facilities.

In addition to its power generation activities, Ormat's Product segment designs, manufactures, and sells equipment tailored for geothermal and recovered energy-based electricity generation. This includes a range of products such as fossil fuel powered turbo-generators and heavy-duty direct-current generators. The segment also provides comprehensive engineering, procurement, construction, operation, and maintenance services for geothermal and recovered energy-based power plants, serving contractors, developers, owners, and operators across various industrial sectors including interstate natural gas pipelines, gas processing plants, and cement plants.

Furthermore, Ormat Technologies is actively involved in the Energy Storage segment, offering advanced energy storage solutions and related services. This segment plays a crucial role in enhancing grid stability and reliability, complementing the company's commitment to sustainable energy practices. With decades of expertise and a dedication to innovation, Ormat Technologies continues to lead in the development and deployment of renewable energy solutions worldwide.

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