Ormat Technologies, Inc

6225 Neil Road, Reno, Nevada, United States | Geothermal

Headquartered in Reno, Nevada, Ormat is a leading geothermal company and the only vertically integrated company solely engaged in geothermal and recovered energy generation (REG), with the objective of becoming a leading global provider of renewable energy. 

The Company has over five decades of experience in the development of state-of-the-art, environmentally sound power solutions. The company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The in-depth knowledge gained from these operations gives the Company the competitive edge by enabling efficient maintenance and timely response to operational issues. 

In addition to owning and operating geothermal power plants in the United States and other countries, the Company designs, manufactures and sells power generating equipment as well as complete power plants on a turnkey basis.

Solutions

With over five decades of accumulated knowledge and experience, Ormat is today's only vertically integrated geothermal company. Being at the forefront of the geothermal industry, our expertise encompasses the widest range of renewable energy solutions from geothermal power plants to recovered energy, solar andremote power solutions. From designing to developing, building, manufacturing, owning and operating geothermal and recovered energy-based power plants, Ormat sets the industry standard for high quality, simplicity, low maintenance and reliability. 

All of our plants and equipment are uniquely tailored to the site, geothermal resource and ambient conditions. Our solutions offer all of our customers:
  • A single point of responsibility
  • Full control over the delivery time and cost
  • Unsurpassed, field-proven knowledge and experience
  • Simplicity
  • Flexibility
  • Unmanned options for operation and maintenance of all our solutions

Ormat’s geothermal power plants and other products are based on the ORMAT®ENERGY CONVERTER (OEC). With over 72 patents, the OEC is a state-of- the-art implementation of Organic Rankine Cycle technology that we have refined and perfected through years of use under the most challenging conditions.

Ormat’s technology involves original designs of turbines, pumps and heat exchangers, as well as the formulation of non-ozone depleting organic motive fluids. We also construct combined cycle geothermal power plants in which the steam first produces power in a backpressure steam turbine and is subsequently condensed in the vaporizer of a bottoming organic vapor turbo generator, which produces additional power. In the conversion of environmentally friendly geothermal energy into electricity, Ormat's technology has several advantages over conventional geothermal steam turbine plants. In addition, Ormat owns or has the right to use our in-house developed products and systems patents; we are also involved in developing new heat extraction technology.

Empowering the World We ShareFounded in 1965, Ormat is committed to developing green, sustainable energy solutions. Through the development of pioneering technology, we are able to re-inject geothermal heat resources back into the earth, preserving reservoirs for future generations.

Wherever we operate, we are dedicated to working with the community and to supporting local development through job creation, education initiatives, development funds and volunteering. We work hand in hand with schools and institutions of higher learning to promote 'Green Energy' education, and lay the ground work for future scientific knowledge.

Ormat's Experienced TeamOrmat was founded and is still managed by pioneers in the geothermal power generation field. Today, Ormat employs approximately 1060 people worldwide. At cutting-edge research and manufacturing facilities, our engineers research power generation technologies and build and test power plants before deployment. At our geothermal power plants, we train and employ local residents who join the Ormat team.

Poised for GrowthOrmat's current portfolio drives profitable operations and financial stability. Through a combination of organic growth and acquisition of geothermal power plants from third parties, Ormat is well positioned for future growth. We plan to continue building a geographically balanced portfolio of geothermal, recovered energy assets and remote power solutions, while maintaining our position as a leading sustainable energy manufacturer, product innovator and service provider.

History

Over the past five decades, Ormat has pioneered a number of significant advances in the geothermal energy and recovered energy industries, laying the foundation for the rapid and profitable growth that we are experiencing today.  

Ormat's engineers have developed highly original designs for turbines and other geothermal power and recovered energy generation equipment components, which have been optimized through the rigorous application of advanced thermodynamics and fluid dynamics.

Ormat's unique position of being both an independent power producer, as well as a manufacturer of geothermal energy and recovered energy equipment, provides us with a thorough firsthand understanding of customer needs and the ability to develop creative solutions based on field-tested experience.

Today, Ormat has installed over 2000 MW of geothermal and Recovered Energy (REG) power plants worldwide, for its own account and for third-party customers. Ormat products and power systems are installed in more than 75 countries. Ormat  power solutions are designed for:
 
Geothermal Power Plants 

Ormat, as a geothermal energy company,  is a leader in the development of environmentally benign geothermal power plants that deliver clean, reliable, cost-effective and sustainable electricity. The company’s geothermal power plants produce clean energy with low noise, a low visual profile and nearly 100% fluid injection for minimal impact on the environment.

Ormat’s geothermal binary and combined cycle power plants are flexible, adaptable and efficiently matched to the available geothermal resources, which may encompass high enthalpy, high pressure steam fields; low-enthalpy, water-dominated sources; and resources with temperatures and chemistries that vary over time.
 
Recovered Energy Power Plants
 
Ormat specializes in one of the most cost-effective ways to develop additional generating capacity and contribute to a plant's energy efficiency, tapping otherwise unused or under-utilized energy, often with environmental benefits. The company's repowering technologies enable power plants to increase output without any additional fuel expense.
 
 
Remote Power Units and Other Generators

Ormat designs, manufactures and sells fossil fuel powered turbo-generators with a capacity ranging between 400 watts and 4,000 watts, which operate unattended in remote sites under extreme climate conditions. These units provide power for cathodic protection to avoid oil or gas spillage from pipelines, as well as safety equipment on offshore platforms and along oil and gas pipelines. Customers include contractors installing gas pipelines in remote areas. 
 

Governance

Ormat stands behind the principles of honesty, openness, fairness and trust as pillars of our approach to corporate governance. These principles are reflected in the exacting standards that are set out in our Corporate Governance Guidelines, and our Code of Business Conduct and Ethics, both of which were adopted in 2004 and took effect as our company was formally registered for trading on the New York Stock Exchange. Each provides a framework that is aligned with regulatory requirements and reflects 'best practices' principles.
 
Ormat established and maintains adequate internal control over financial reporting and is in compliance with Sarbanes-Oxley Act (SOX). The effectiveness of Ormat's internal control has been audited by Price Waterhouse Coopers.
 
Ormat is a publicly traded company managed by a fully independent eight-member Board of Directors as follows: Gillon Beck (Chairman), Ravit Barniv, Stanley Stern, Ami Boehm, Dan Falk, David Grant, Robert E. Joyal and Robert F. Clarke.
Company Details
Company NameOrmat Technologies, Inc
Business CategoryGeothermal
Address6225 Neil Road
Reno
Nevada
United States
ZIP: 89511-1136
PresidentIsaac Angel
Year Established1965
Employees5000
MembershipsNA
Hours of OperationNA

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