Company Ormat Technologies, Inc.

ORA

US6866881021

Electric Utilities

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87.82 ^USD	-0.37%		+0.06%	+29.59%

Jul. 01	Jefferies Adjusts Ormat Technologies Price Target to $97 From $84, Maintains Buy Rating	MT
Jun. 25	Ormat Technologies, Inc. - Shareholder/Analyst Call

Business description: Ormat Technologies, Inc.

Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low, medium and high-temperature heat into electricity. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,415 MW with 1,225 MW geothermal and solar generation.

Number of employees: 1,512

Sales by Activity: Ormat Technologies, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024
Electricity	541M	586M	632M	667M	702M
Energy Storage	15.82M	30.39M	31.02M	28.89M	37.73M
Product	261M	177M	155M	182M	140M
Elimination of Intersegment Revenues	-113M	-130M	-83.39M	-48.49M	-

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Geographical breakdown of sales: Ormat Technologies, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024
United States	363M	440M	484M	510M	557M
Kenya	115M	103M	106M	109M	114M
New Zealand	34.98M	6.77M	17.13M	66.53M	78.66M
Other Foreign Countries	31.32M	33.44M	46.3M	52.89M	59.69M
Honduras	35.2M	35.23M	33.84M	31.59M	30.3M
Guatemala	27.39M	26.87M	28.83M	30.17M	28.96M
Indonesia	-	8.06M	15.63M	26.73M	7.62M
Turkey	65.54M	2.72M	1.96M	2.47M	3.01M
Chile	32.42M	7.04M	579K	-	-

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Executive Committee: Ormat Technologies, Inc.

Manager	Title	Age	Since
Doron Blachar CEO	Chief Executive Officer	57	2020-06-30
Assi Ginzburg DFI	Director of Finance/CFO	50	2020-04-30
Nirit Grushko CTO	Chief Tech/Sci/R&D Officer	-	2023-04-30
Jessica Woelfel CMP	Compliance Officer	48	2021-03-11
Smadar Lavi IRC	Investor Relations Contact	-	-

See ORMAT TECHNOLOGIES, INC. governance

Composition of the Board of Directors: Ormat Technologies, Inc.

Director	Title	Age	Since
David Granot BRD	Director/Board Member	78	2012-05-21
Isaac Angel CHM	Chairman	68	2020-06-30
Stanley Stern BRD	Director/Board Member	68	2015-11-15
Byron Wong BRD	Director/Board Member	73	2017-07-25
Dafna Sharir BRD	Director/Board Member	55	2018-04-30
Michal Marom Brikman BRD	Director/Board Member	55	2022-06-01
Karin Corfee BRD	Director/Board Member	64	2022-06-01
Ravit Bar Niv BRD	Director/Board Member	61	2015-11-14

Composition of the Board of Directors

Shareholders: Ormat Technologies, Inc.

Name	Equities	%	Valuation
BlackRock Advisors LLC 12.85 %	7,771,905	12.85 %	651 M $
Vanguard Fiduciary Trust Co. 9.842 %	5,952,323	9.842 %	499 M $
ORIX CORPORATION 4.921 %	2,976,077	4.921 %	249 M $
STATE STREET CORPORATION 3.84 %	2,322,107	3.84 %	194 M $
Global Alpha Capital Management Ltd. 3.721 %	2,250,597	3.721 %	189 M $

List of ORMAT TECHNOLOGIES, INC. shareholders

Company details: Ormat Technologies, Inc.

Ormat Technologies, Inc.

6884 Sierra Center Parkway

89511-2210, Reno

+775 356 9029

http://www.ormat.com

Group companies: Ormat Technologies, Inc.

Name	Category and Sector
Ormat Systems Ltd. Ormat Systems Ltd. Engineering & ConstructionIndustrial Services Part of Ormat Technologies, Inc., Ormat Systems Ltd. is an Israeli company that engages in designing and building geothermal power plants. The company is based in Yavne, Israel. Doron Blachar has been the CEO of the company since 2020.	Engineering & Construction

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