Ormat Technologies

Ormat Technologies

Ormat Technologies Careers, Pay and Expert Network

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Ormat Technologies Inc. is a provider of alternative and renewable energy technology based in Reno, Nevada. The company built over 150 power plants and installed over 2,000 MW. As of February 2016 Ormat owns and operates 697 MW of geothermal and recovered energy based power plants. The companys shares have been listed on the Tel Aviv Stock Exchange since 1991, and the New York Stock Exchange since 2004. The companys main production facilities are based in Yavne, Israel. Ormat was established in 1965 as Ormat Turbines Ltd. (later renamed Ormat Industries), in Yavne, Israel, by engineer Lucien Bronicki (who was the companys chairman and CTO until 2014) and wife Yehudit "Dita" Bronicki (who served as CEO until 2014). In the late 1950s Lucien Bronicki worked in a government physics laboratory, where he developed a turbine to produce electricity from a range of energy sources, including solar; the process is known as organic Rankine cycle, which he co-developed with Harry Zvi Tabor. He retired from the lab to commercialize his ideas and set up Ormat. In its early years the company focused exclusively on manufacturing power generation equipment.


Market Cap$2.9 billion
Revenue$696.8 million
5 Year Trend+5%
Net Income$100.4 million
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