Latest Ormat Technologies News & Updates

See the latest news and media coverage for Ormat. We track all announcements, press releases, and industry mentions in real time, all in one place.

Ormat Technologies (Ormat)

Geothermal, recovered energy, and energy storage company

ormat.com

Headquarters: Reno, United States
Founded year: 1965
Company type: Public company
Number of employees: 1,300–5,000

Last updated Today

Latest news about Ormat Technologies (Ormat)

In short: Ormat expanded its renewable energy leadership through record-breaking revenue growth, strategic EGS partnerships, and significant storage capacity.

Company announcements

June 8 Ormat

Ormat introduces Ormega100 unit and accelerates EGS deployments

The Ormega100 is the largest binary unit, delivering 100 MW, and Ormat is advancing two EGS pilot programs.

May 6 Ormat

Ormat Technologies reports Q1 2026 financial results

Revenues grew 75.8% to $403.9 million with record adjusted EBITDA of $194.9 million. Company advanced EGS strategy, closed $1B notes, secured PPAs, and reiterates full-year guidance.

May 1 Ormat

Ormat Technologies begins commercial operation of 80MW/320MWh energy storage facility

Located in Bottleneck, California, it provides energy, capacity, and ancillary services to San Diego Gas & Electric under a 15-year Tolling Agreement signed in 2022.

March 23 Ormat

Ormat announces closing of $1B convertible notes offering

The upsized offering includes $825M Series A Notes at 1.50% and $175M Series B Notes at 0.00%, both due 2031. Proceeds fund note repurchases and general corporate purposes.

Media coverage

June 17 Yahoo Finance

Ormat Technologies Shares Slide After Bernstein Starts Coverage With Underperform Rating

Ormat Technologies (NYSE:ORA) moved lower in premarket trading on Wednesday after Bernstein SocGen Group initiated coverage of the geothermal energy company with an Underperform recommendation...

June 8 The Globe and Mail

Ormat Technologies Accelerates Enhanced Geothermal System (EGS) Deployments and Introduces Ormega100 Unit to Commercialize and Scale the Largest Binary Unit in the Industry

Detailed price information for Ormat Technologies (ORA-N) from The Globe and Mail including charting and trades.

June 8 Reuters

Ormat finalizes industry's largest geothermal power plant design

U.S. renewable power company Ormat Technologies has developed a geothermal power plant design that would be the largest of its kind in the industry, capable...

June 4 The Globe and Mail

Ormat Technologies' Earnings Call Highlights Record Growth

Detailed price information for Ormat Technologies (ORA-N) from The Globe and Mail including charting and trades.

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