ORMAT TECHNOLOGIES, INC.

The company operates in the renewable energy sector, focusing on geothermal power, recovered energy, solar photovoltaics, and battery storage. It functions through three segments: Electricity, Product, and Energy Storage. The Electricity segment builds, owns, and operates power plants to generate and sell electricity. The Product segment designs and manufactures power units and pumps, while providing engineering, procurement, and construction services. The Energy Storage segment delivers grid capacity and ancillary services. Its customers include utilities, state-owned entities, power plant developers, and industrial operators.

Globally, the company operates 35 power plants and complexes with 1,340 megawatts of aggregate generating capacity across the United States, Guatemala, Kenya, Guadeloupe, Honduras, and Indonesia. In the United States, it also runs 19 battery energy storage projects totaling 415 megawatts across California, Texas, New Jersey, Vermont, Ohio, and Hawaii. Additional international prospects include Ethiopia and New Zealand. The text does not disclose the company's headquarters.

Summary of the business section of Ormat Technologies's latest annual report, written by StockData.

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

“As of December 31, 2024, we employed 1,512 employees, of whom 526 were in Israel, 713 were in the U.S., and 273 were in other countries and 59 employees who are temporary or contracted.”