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
Industry: Independent Power Producers

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Latest news about Ormat Technologies (Ormat)

In short: Ormat achieved record financial growth, expanded its geothermal and storage portfolio, and established ambitious long-term EGS targets.

Company announcements

August 5 Ormat

Ormat reports Q2 2026 results with double-digit revenue growth

Revenue rose 10.6% year-over-year, energy storage revenues nearly tripled, and the company raised its full-year guidance.

June 24 Ormat

Ormat advances Pearl Geothermal Development Project

The Bureau of Land Management authorized the project in Esmeralda County, Nevada, after two years of studies.

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.

Media coverage

September 9 Geo Energy Magazine

Ormat targets 1 GW EGS in major geothermal shift

Ormat has set its first commercial EGS targets, aiming for 100 MW by 2030-2031 and 1 GW by 2033-2035, led by a 280 MW Dixie...

September 9 ZoneBourse

Ormat is positioned for earnings growth through 2030, according to RBC

Ormat Technologies is positioned for continued earnings growth through 2030, supported by strong demand for geothermal and energy storage...

September 4 Yahoo Finance

...Analyst Research Calls: Ambarella, Cal-Maine Foods, Lennar, Ormat Technologies, Paychex, PulteGroup, Shell plc, TotalEnergies, W.P...

Wall Street wrapped a turbulent week with a wave of upgrades and downgrades hitting energy giants,...

September 4 ZoneBourse

Ormat Technologies shares rise after Bernstein upgrades recommendation

Ormat Technologies shares rose more than 1% during Friday afternoon trading, after Bernstein upgraded its recommendation...

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