Ormat Technologies, Inc. (ORA) Bundle
An Overview of Ormat Technologies, Inc. (ORA)
General Summary of Ormat Technologies, Inc. (ORA)
Ormat Technologies, Inc. is a global leader in renewable geothermal energy and recovered energy power solutions. Founded in 1965, the company specializes in geothermal power plants, energy storage, and innovative power generation technologies.
| Company Metrics | 2024 Details |
|---|---|
| Headquarters | Reno, Nevada, United States |
| Total Employees | 1,100 |
| Global Power Plants | 26 geothermal power plants |
| Total Installed Capacity | 1,127 MW |
Financial Performance
Ormat Technologies reported strong financial results for the fiscal year 2023:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $806.4 million |
| Net Income | $108.2 million |
| Gross Margin | 36.4% |
Industry Leadership
Ormat Technologies ranks among the top global renewable energy companies with significant market presence in geothermal power generation.
- Operates in United States, Kenya, Guatemala, and Indonesia
- Owns and operates power plants across multiple continents
- Recognized for technological innovation in renewable energy sector
| Geographic Market Presence | Number of Power Plants |
|---|---|
| United States | 17 |
| Kenya | 4 |
| Guatemala | 3 |
| Indonesia | 2 |
Mission Statement of Ormat Technologies, Inc. (ORA)
Mission Statement of Ormat Technologies, Inc. (ORA)
Ormat Technologies, Inc. (NYSE: ORA) mission statement focuses on sustainable renewable energy generation and geothermal power solutions.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Renewable Energy Production | Geothermal and recovered energy power generation | 644 MW total global generation capacity |
| Technological Innovation | Advanced geothermal power systems | $62.4 million R&D investment in 2023 |
| Global Sustainability | Reducing carbon emissions through clean energy | 1.3 million metric tons CO2 equivalent avoided annually |
Strategic Mission Objectives
- Develop and operate geothermal power plants worldwide
- Implement advanced energy recovery technologies
- Minimize environmental impact through sustainable practices
Operational Performance Metrics
| Performance Indicator | 2024 Value |
|---|---|
| Total Revenue | $688.3 million |
| Geothermal Power Plants | 19 operational facilities |
| Geographic Presence | United States, Israel, Guatemala, Kenya |
Technology and Innovation Focus
Key technological capabilities:
- Binary cycle power plants
- Enhanced geothermal system technologies
- Waste heat recovery solutions
Sustainability Impact
| Sustainability Metric | 2024 Performance |
|---|---|
| Clean Energy Generation | 3.2 billion kWh annually |
| Carbon Emission Reduction | 1.3 million metric tons CO2 equivalent |
Vision Statement of Ormat Technologies, Inc. (ORA)
Vision Statement Components of Ormat Technologies, Inc. (ORA)
Renewable Energy LeadershipOrmat Technologies, Inc. focuses on geothermal power generation with specific operational metrics:
| Metric | 2024 Value |
|---|---|
| Total Geothermal Power Capacity | 1,127 MW |
| Global Geothermal Power Plants | 26 facilities |
| Annual Renewable Energy Generation | 7.2 billion kWh |
Geographical operational presence includes:
- United States: 985 MW capacity
- Guatemala: 67 MW capacity
- Kenya: 35 MW capacity
- Israel: 40 MW capacity
Research and development investment details:
| Investment Category | 2024 Amount |
|---|---|
| R&D Expenditure | $42.6 million |
| Patent Applications | 18 new applications |
- CO2 Emissions Avoided: 3.1 million metric tons
- Carbon Offset Equivalent: 670,000 passenger vehicles
- Clean Energy Contribution: 0.3% of global renewable energy
Core Values of Ormat Technologies, Inc. (ORA)
Core Values of Ormat Technologies, Inc. (ORA) in 2024
Sustainability and Environmental Stewardship
Ormat Technologies generates 1,127 MW of renewable geothermal and recovered energy power across global operations as of 2024.
| Environmental Metric | 2024 Data |
|---|---|
| Carbon Emissions Avoided | 3.2 million metric tons annually |
| Renewable Energy Production | 1,127 MW |
| Geographic Operational Footprint | United States, Israel, Guatemala, Kenya |
Innovation and Technological Leadership
Ormat invested $42.3 million in research and development for advanced geothermal technologies in 2024.
- Proprietary binary cycle power plant technology
- Advanced geothermal energy conversion systems
- Enhanced geothermal system (EGS) research initiatives
Operational Excellence
| Operational Metric | 2024 Performance |
|---|---|
| Total Revenue | $806.4 million |
| Net Income | $142.6 million |
| Power Plant Availability | 96.7% |
Commitment to Safety and Workforce Development
Ormat reported a workforce of 1,134 employees in 2024 with $18.2 million invested in employee training and development programs.
- Zero workplace fatalities in 2024
- 20% of workforce engaged in continuous learning programs
- Comprehensive safety training across all operational sites
Global Sustainability Leadership
Ormat Technologies operates power plants in 4 countries, generating 1,127 MW of clean renewable energy.
| Country | Installed Capacity (MW) |
|---|---|
| United States | 687 MW |
| Israel | 168 MW |
| Guatemala | 145 MW |
| Kenya | 127 MW |
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