Press Releases
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Ormat Technologies Announces Strategic Leadership Changes
ORMAT EXPANDS MANAGEMENT TEAM TO SUPPORT ELECTRICITY SEGMENT GROWTH AND EGS INITIATIVES ARON WILLIS APPOINTED EXECUTIVE VICE PRESIDENT, ELECTRICITY SEGMENT DANIEL MOELK APPOINTED SENIOR VICE PRESIDENT, RESOURCES, DRILLING, & EGS RENO, Nev., June...

Ormat Commences Commercial Operation of the 10 MW/ 40 MWh Vallecito Battery Energy Storage Facility in California
RENO, Nev., April 01, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc.1 (NYSE: ORA) today announced the commercial operation of the 10 MW/40 MWh Vallecito Battery Energy Storage System (Vallecito BESS). The Vallecito BESS provides local resource...

BICYCLE PARTS AND ACCESSORIES INDUSTRY 2020- GLOBAL MARKET RESEARCH, ANALYSIS, SIZE, GROWTH AND FORECAST 2025
“Bicycle Parts and Accessories – Market Demand, Growth, Opportunities, Manufacturers and Analysis of Top Key Players to 2025” To Its Research Database. PUNE, MAHARASHTRA, INDIA, December 23, 2020 /EINPresswire.com/ -- Updated Research Report of...

Ormat Expands Energy Storage Presence, Acquires a Shovel-Ready Project in Upton County, Texas
RENO, Nev., Dec. 16, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced that it has completed the acquisition of a shovel-ready energy storage asset in Upton County, Texas. Ormat acquired the asset from Con Edison...

Ormat Technologies Expands Energy Storage Footprint in California
RENO, Nev., Oct. 01, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced that it has signed two Resource Adequacy Agreements, each for 50% of its 5 MW / 20 MWh Tierra Buena battery energy storage project currently under...

Ormat Technologies, Inc. to Host Conference Call Announcing First Quarter 2025 Financial Results
RENO, Nev., April 09, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced that it plans to publish its first quarter financial results in a...

Ormat Announces Closing of the Pomona Energy Storage Facility Acquisition in California
RENO, Nev., July 21, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc.1 (NYSE: ORA), today announced that its Ormat Nevada Inc. affiliate has closed on the transaction to acquire the 20 MW / 80 MWh Pomona energy storage facility in California from...

Ormat Technologies Reports First Quarter 2025 Financial Results
REVENUE GROWTH AND RECORD QUARTERLY ADJUSTED EBITDA SUPPORT ONGOING STRATEGIC PORTFOLIO EXPANSION HIGHLIGHTS TOTAL REVENUES AND NET INCOME1 IMPROVED 2.5% AND 4.6%, RESPECTIVELY RECORD ADJUSTED EBITDA OF $150.3 MILLION, AN INCREASE OF 6.4% VS LAST...

Ormat Announces Commercial Operation of Rabbit Hill Battery Energy Storage System Participating in Markets Run by the Electric Reliability Council of Texas
RENO, Nev., April 30, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced the commercial operation of the Rabbit Hill Battery Energy Storage System (BESS) facility, providing required ancillary services and energy...

Ormat Signs 10-Year PPAs With Silicon Valley Clean Energy and Monterey Bay Community Power for Its CD4 Geothermal Power Plant in California
RENO, Nev., Jan. 13, 2020 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) today announced the signing of two similar Power Purchase Agreements (PPA) with Silicon Valley Clean Energy (SVCE) and Monterey Bay Community Power (MBCP). Under...

Ormat Announces Commercial Operation of Hinesburg Battery Energy Storage System, Under an Agreement With Vermont Electric Cooperative
RIBBON CUTTING CEREMONY TO BE HELD ON OCTOBER 24, 2019 RENO, Nev., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc.1 (NYSE: ORA) today announced the commercial operation of the Hinesburg Battery Energy Storage System (Hinesburg BESS)...

Impact Analytics Partners with Lovisa To Deliver AI-Optimized Planning, Forecasting, Inventory Management and More
MELBOURNE, Australia and NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Impact Analytics™, the leader in end-to-end AI-native planning, merchandising and pricing solutions for the retail, grocery, and CPG industries, today announced that it has...

Impact Analytics Partners with Lovisa To Deliver AI-Optimized Planning, Forecasting, Inventory Management and More
MELBOURNE, Australia and NEW YORK, March 18, 2025 (GLOBE NEWSWIRE) -- Impact Analytics™, the leader in end-to-end AI-native planning, merchandising and pricing solutions for the retail, grocery, and CPG industries, today announced that it has...

Ormat Technologies to Participate in the J.P. Morgan 2019 Energy Conference
RENO, Nev., June 17, 2019 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) today announced that Doron Blachar, Chief Financial Officer, will present J.P. Morgan 2019 Energy Conference in New York. Mr. Blachar will provide an overview of the...

Ormat Commences Commercial Operation of 35 MW Ijen Geothermal Facility in Indonesia, Delivering Low Carbon Geothermal Power
RENO, Nev., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced the successful commencement of commercial operations (COD) for the 35MW Ijen geothermal power...

Ormat‘s Viridity to Begin Construction of 40MWh Energy Storage Systems in New Jersey
RENO, Nev., April 16, 2018 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) announced that its wholly owned subsidiary, Viridity Energy Solutions, Inc., a leading battery storage, distributed generation, demand response, and energy...

Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and Year End 2024 Financial Results
RENO, Nev., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced that it plans to publish its fourth quarter and full year 2024 financial results in a press...

Ormat Signs a $36 Million EPC Contract with Cyrq Energy, Inc. for the Soda Lake 3 Geothermal Project in Nevada
RENO, Nev., Dec. 06, 2016 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) today announced that its subsidiary, Ormat Nevada Inc., concluded and signed a $36 million engineering, procurement and construction (EPC) contract with a subsidiary...

Ormat Technologies Inc. Secures Strategic Land Parcels in Utah BLM Auction to Advance Future Geothermal Development
RENO, Nev., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced it has successfully secured 1,678 acres in Utah’s Bureau of Land Management (BLM) Auction. These...

Ormat Technologies Reports Fourth Quarter and Year-End 2024 Financial Results
STRATEGIC PORTFOLIO EXPANSION SUPPORTS CONTINUED REVENUE AND ADJUSTED EBITDA GROWTH STRONG FULL-YEAR RESULTS REINFORCES ORMAT’S MOMENTUM, REMAINING ON PACE TO ACHIEVE GENERATING CAPACITY GOALS OF 2.6 TO 2.8 GW BY 2028 HIGHLIGHTS TOTAL REVENUES FOR...