What is Ormat Technologies?
Ormat Technologies, Inc. operates as a premier, publicly traded entity specializing in the design, development, and operation of geothermal energy facilities. Beyond its core geothermal expertise, the firm provides comprehensive energy storage and hybrid renewable solutions, positioning itself as a critical player in the global energy transition. Its vertically integrated structure allows for end-to-end control over the power generation lifecycle, from manufacturing proprietary equipment to managing long-term operations and maintenance for utility-scale clients.
The company's market position is defined by its ability to deliver reliable, baseload renewable energy, a key differentiator in a market often dominated by intermittent sources like wind and solar. With a diverse geographic presence, Ormat effectively mitigates regional regulatory risks while capitalizing on the increasing demand for clean, dispatchable power solutions in emerging and developed economies alike.
How much funding has Ormat Technologies raised?
Ormat Technologies has raised a total of $2.5B across 16 funding rounds:
Debt
$105M
Debt
$142M
Grant
$108.2M
Debt
$88M
Debt
$350M
Debt
$204M
Debt
$92.5M
Share Placement
$627M
Debt
$100M
Other Financing Round
$62M
Debt (2009): $105M led by Undisclosed
Debt (2010): $142M supported by Undisclosed
Grant (2010): $108.2M featuring ARRA
Debt (2011): $88M backed by Undisclosed
Debt (2011): $350M with participation from John Hancock Life Insurance Company
Debt (2016): $204M led by Undisclosed
Debt (2016): $92.5M supported by MEAG
Share Placement (2017): $627M featuring ORIX Corporation
Debt (2018): $100M backed by Migdal Group
Other Financing Round (2025): $62M with participation from MORGAN STANLEY
Key Investors in Ormat Technologies
ORIX Corporation
Founded in 1964, ORIX offers a broad range of services including financing, investment, insurance, banking, asset management, automobile-related services, real estate, and environment and energy services.
MORGAN STANLEY
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management, and investment management services to corporations and governments.
Lehman Brothers Inc.
A historical investment banking firm that provided significant capital support during the company's earlier growth phases through multiple stock issuance offerings.
What's next for Ormat Technologies?
Looking ahead, the recent capital injection is expected to fuel Ormat's strategic expansion into advanced energy storage technologies and the optimization of its existing geothermal assets. As the firm continues to navigate the complexities of the global energy market, the focus will likely remain on enhancing operational efficiency and scaling its hybrid renewable energy portfolio. By integrating sophisticated storage capabilities with its established geothermal infrastructure, Ormat is well-positioned to address the growing need for grid stability and energy security.
The company's long-term roadmap involves leveraging its deep technical expertise to capture market share in regions prioritizing decarbonization. With a proven track record of executing complex infrastructure projects, Ormat is poised to remain a pivotal contributor to the global shift toward a sustainable, low-carbon energy future.
