Total raised
$900.0M
Last: PIPE 2022-08
Stage
Public
Founded
1965
Headcount
1,278
HQ
Yavne
Sector
Energy Tech
About
Ormat Technologies is a vertically integrated geothermal company that explores, drills, designs, builds, manufactures, owns, finances, and operates geothermal power plants.
The Ormat Recovered Energy Generation unit, based on organic Rankine cycle technology, converts waste heat from industrial processes into power that can be consumed on-site or sold to the grid, and is used in energy storage solutions worldwide.
Funding history · 2 rounds · $900.0M total
2022-08
PIPE
$185.0M
2020-07
Debt Financing
$290.0M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When did Ormat Technologies become publicly traded on the TASE and NYSE?
- Ormat Technologies became public on the TASE in January 1991 and on the NYSE in November 2004.
- What was Ormat Technologies' market capitalization as of July 30, 2024?
- As of July 30, 2024, Ormat Technologies' market capitalization was $4,624,676,918 USD.
- What was the amount of Ormat Technologies' PIPE funding round in August 2022 and who was a key investor?
- In August 2022, Ormat Technologies secured $185,000,000 USD in a PIPE funding round, with BlackRock as an investor.
- What was a significant acquisition made by Ormat Technologies in May 2021?
- In May 2021, Ormat Technologies acquired Nevada geothermal assets for $377 million.
- What strategic partnership did Ormat Technologies announce in October 2025?
- In October 2025, Ormat Technologies partnered with SLB to accelerate integrated geothermal asset development and enhanced geothermal systems.
- What new energy storage facility did Ormat Technologies commence commercial operation of in March 2026?
- In March 2026, Ormat Technologies commenced commercial operation of the 80MW/320MWh Shirk Energy Storage Facility in California.
- What significant power purchase agreement (PPA) did Ormat Technologies sign in February 2026?
- In February 2026, Ormat Technologies signed a geothermal portfolio PPA of up to 150 MW with NV Energy to support Google’s data center operations in Nevada.
- What investment did Ormat Technologies co-lead in January 2026 to advance next-generation geothermal technology?
- In January 2026, Ormat Technologies co-led a Series B investment in Sage Geosystems to advance next-generation geothermal technology.
- What new geothermal project did Ormat Technologies begin commercial operation of in Indonesia in February 2025?
- In February 2025, Ormat Technologies commenced commercial operation of the 35 MW Ijen Geothermal Facility in Indonesia.
- What major EPC contract did Ormat Technologies announce in November 2024?
- In November 2024, Ormat Technologies announced a major EPC contract with Contact Energy for a 101MW geothermal plant in New Zealand.
Sectors & technology
Primary sector
Energy Tech
Sub-sectors
Climate TechEnergy TransitionClean Energy GenerationEnergy TechEnergy Production & Sources
Target customers
Energy, Utilities & Waste ManagementUtilitiesElectricity
Business model
B2GB2B
Highlights
Climate Tech1 Patents
Tags
energy-storagerenewable-energyelectric-utilitiesoil-and-gas-companiesenergyclimate-techgeothermalenergytechmanufacturing-facilities