Last updated 2026-09-27
- Raised $1B convertible note led by Qualified institutional buyers (pursuant to Rule 144A), Mar 2026
- Raised $100M debt round led by Migdal Group, Mar 2018
- Raised $100M Follow-on PO led by New York Stock Exchange (ORA), Nov 2004
Total raised
$1.3B
Stage
Public
Founded
1965
Headcount
1,644
HQ
Reno, United States
Sector
Energy Tech
About
Ormat Technologies is a vertically integrated company with over six decades of experience in renewable energy. It specializes in the exploration, drilling, design, construction, manufacturing, ownership, financing, and operation of geothermal and recovered energy power plants. Ormat also provides utility-scale energy storage and management services, leveraging its core Organic Rankine Cycle technology to convert various heat sources into clean electricity.
Funding history · 7 rounds · $1.3B total
7 events/rounds · $1.3B Total Funding: $25.0M in Private Equity, $162.0M in Public Equity, $1.1B in Debt
Sep 2026
★ University of Utah★ U.S. Department of EnergySLB
Mar 2026
★ Qualified institutional buyers (pursuant to Rule 144A)Public market investorsQualified institutional buyersInitial purchasers of the notesInitial purchasers of the offeringInitial purchasers of convertible senior notes
Jan 2026
★ Ormat★ Carbon Direct CapitalSLBORIX CorporationUniversity of UtahGoldman Sachs & Co. LLCU.S. Department of Energy
May 2025
★ Morgan Stanley Renewables
Mar 2018
Debt Financing
$100.0M
ormat.com
★ Migdal Group★ Migdal Group affiliates
Nov 2004
Follow-on PO
$100.0M
ormat.com
★ New York Stock Exchange (ORA)★ Public investors on the New York Stock ExchangePublic investors (NYSE)
1970
Grant
Undisclosed
wikipedia.org
Acquisitions · 3
Jun 2025
Blue Mountain geothermal power plant
$88.0M
Jan 2024
Portfolio of geothermal and solar assets from Enel Green Power North America
$271.0M
Jan 2017
Viridity Energy
$35.0M
Offices
Reno, United States · HQ / main office
Q&A
- What is Ormat Technologies' primary focus?
- Ormat Technologies is a global provider of geothermal, recovered energy, and energy storage solutions, involved in the design, construction, ownership, and operation of power plants worldwide.
- When was Ormat Technologies founded?
- Ormat Technologies was founded in 1965.
- How many employees does Ormat Technologies have?
- Ormat Technologies has over 500 employees.
- What was Ormat Technologies' most recent debt financing round?
- In March 2026, Ormat Technologies closed an upsized $1 billion convertible senior notes offering with qualified institutional buyers.
- What grant did Ormat Technologies receive in September 2026?
- In September 2026, Ormat Technologies received a $35 million grant from the U.S. Department of Energy, with participation from SLB and the University of Utah.
- What was Ormat Technologies' most recent acquisition?
- In June 2025, Ormat Technologies acquired the Blue Mountain geothermal power plant for $88 million.
- What acquisition did Ormat Technologies make in January 2024?
- In January 2024, Ormat Technologies acquired a portfolio of geothermal and solar assets from Enel Green Power North America for $271 million.
- What investment did Ormat Technologies make in March 2026?
- In March 2026, Ormat Technologies made a later-stage VC investment in Sage Geosystems.
Team · 11
Lucien Bronicki
Founder · founders
Dita Bronicki
Founder · founders
Doron Blachar
Chief Executive Officer
Assaf Ginzburg
Chief Financial Officer
Jessica Woelfel
General Counsel, Chief Compliance Officer and Corporate Secretary
Ofer Ben Yosef
Executive Vice President of Energy Storage and Business Development
Aron John Willis
Executive Vice President of Electricity Segment
Nirit Grushko
Executive Vice President and Chief Technology Officer
Smadar Lavi
Vice President, Head of Investor Relations and ESG Planning and Reporting
Liza Tavori
Executive Vice President & CHRO
Elad Zalkin
Executive Vice President of Projects, Engineering & QEHS
Sectors & technology
Primary sector
Energy Tech
Technologies
Target customers
Business model
B2BB2G
Highlights
Climate TechPatents
Tags
geothermal-energyrenewable-energyenergy-storageclean-energyclimate-techpower-generationwaste-heat-recovery
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | ormat.com/ |
|---|---|
| linkedin.com/company/44998 | |
| Wikipedia | en.wikipedia.org/wiki/Ormat_Technologies |
| Wikidata | wikidata.org/wiki/Q1549511 |
Identifiers & details
| Legal name | Ormat Technologies, Inc. |
|---|---|
| Founded | 1965 |
| Employees (exact) | 1644 |
| Wikidata QID | Q1549511 |
Acquisitions & public offerings
| Acquired | Date | Amount |
|---|---|---|
| Blue Mountain geothermal power plant | 2025-06 | $88.0M |
| Portfolio of geothermal and solar assets from Enel Green Power North America | 2024-01 | $271.0M |
| Viridity Energy | 2017-01 | $35.0M |
Radar intelligence
Open jobs — smartrecruiters
| Total open | 13 |
|---|---|
| Remote | 0 |
| By department | Brady (2), General Office (1), Human Resources (1), Engineering (2), Finance (2) |
| By location | Reno, NV, us (8), Philadelphia, PA, us (2), Reno, Nevada, us (1), Austin, NV, us (2) |
| Title | Location | Department |
|---|---|---|
| HR -Test - Template | Reno, NV, us | |
| HR -Test - Template | Reno, NV, us | |
| VESI Test 2 | Philadelphia, PA, us | |
| Muffin Baker Test | Reno, NV, us | |
| Cindy-Test | Reno, NV, us | |
| Cindy-Test | Reno, NV, us | Brady |
| Cindy-Test | Reno, Nevada, us | General Office |
| Marcy Test | Austin, NV, us | Brady |
| Test Template 2 | Reno, NV, us | Human Resources |
| General Template-Scorecard | Reno, NV, us | Engineering |
| Test Template 2 | Reno, NV, us | Finance |
| Financial Analyst | Philadelphia, PA, us | Finance |
Patents
| EPO | 331 |
|---|
App Store
| App | Rating | Ratings |
|---|---|---|
| FleetOR |
Web history (Wayback)
| Domain | ormat.com |
|---|
Wikidata
| QID | Q1549511 |
|---|
Certificate / subdomain footprint
| Subdomains | 31 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 511597239 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1991-08-12 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2026 |
| Active charges / liens | 0 |
| Registry events | 2 — annual_report (1), merger (1) |
| Registered address | שידלובסקי 1 יבנה |
Recent registry events
| Date | Event |
|---|---|
| 2026-01-27 | דו~ח שנתי-עדכון כתובת |
| 2026-06-15 | מיזוג מרצון חברה קולטת |