About
Ormat New Ventures is the Venture Capital arm of Ormat Technologies (NYSE: ORA). Ormat New Ventures empowers climate-tech founders by transforming bold ideas into scalable businesses. By leveraging Ormat’s expertise and resources, we foster innovation and collaboration, accelerating the development of technologies that drive a resilient, low-carbon future. We invest in energy and climate-tech hardware technologies, that can enhance and expand Ormat’s project pipeline or create new business opportunities, with a focus on novel geothermal solutions, next-generation renewables, long-duration energy storage, heat pumps and engines, nuclear, and other clean energy innovations. Beyond investment, we also engage in pilots, licensing agreements, and strategic partnerships with startups to validate and commercialize emerging technologies.
Portfolio · 3
Investment activity
Portfolio by sector
Q&A
- What is Ormat New Ventures' primary investment focus?
- Ormat New Ventures, the venture capital arm of Ormat Technologies, focuses on climate-tech hardware technologies. This includes novel geothermal solutions, next-generation renewables, long-duration energy storage, heat pumps and engines, and nuclear energy innovations.
- When was Ormat New Ventures founded?
- Ormat New Ventures was founded in 2023.
- Which investment stages does Ormat New Ventures typically participate in?
- Ormat New Ventures invests across Pre-Seed, Seed, A Round, and B Round stages.
- Can you name some of Ormat New Ventures' portfolio companies?
- Ormat New Ventures' portfolio includes LAVA, which develops isothermal engine technology, and RepAir Carbon Capture, a direct air capture solution.
- What is the typical investment range for Ormat New Ventures?
- Ormat New Ventures typically invests between $500K and $5M.
- Who leads the R&D and Venture Investments at Ormat New Ventures?
- Anton Fiterman serves as the VP R&D and Venture Investments at Ormat New Ventures.
- What is Ormat New Ventures' most recent investment?
- Ormat New Ventures participated in TerraWave Energy's Seed round, which raised $5.05M in April 2025. TerraWave Energy focuses on electromagnetic drilling technology for geothermal energy.
- What is the total amount raised by portfolio company LAVA?
- LAVA, a portfolio company of Ormat New Ventures, has raised $35.1M in its Seed round.
- What is the total amount raised by portfolio company RepAir Carbon Capture?
- RepAir Carbon Capture, a portfolio company of Ormat New Ventures, has raised $29.5M in its A Round.
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | ormat.vc/ |
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Identifiers & details
| Founded | 2023 |
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Radar intelligence
Open jobs — smartrecruiters
| Total open | 13 |
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| 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 |
Certificate / subdomain footprint
| Subdomains | 2 |
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