Ormat Technologies Inc

Business Description

Ormat Technologies, founded in 1965 and based in Reno, Nevada, produces and sells clean electricity by tapping geothermal heat and capturing waste energy from industrial processes across the United States and more than a dozen other countries. The company also designs and builds the specialized equipment that powers these plants, offering engineering and construction services to operators around the world. In addition, Ormat operates battery storage facilities that feed electricity directly into the grid, helping balance supply and demand. Its customers include pipeline operators, cement producers, gas processors, and other businesses that rely heavily on energy in their daily operations.