Ormat Technologies, Inc.

Ormat Technologies, Inc.

Ormat Technologies, Inc.

Overview
Date Founded

1994

Headquarters

6225 NEIL ROAD, SUITE 300, RENO, NV, 895111136

Type of Company

Public

Employees (Worldwide)

1,408

Industries

Alternative Energy
Pension Funds & Sovereign Wealth
Power & Utilities

Company Description

Ormat Technologies, Inc. (NYSE: ORA) is a world leader in the geothermal power plant sector. As a geothermal company we have over four decades of experience in the development of state-of-the-art, environmentally sound power solutions, primarily in geothermal and recovered energy generation. In addition to designing, developing, building, owning and operating geothermal energy and recovered energy-based power plants in the United States and other countries, Ormat also designs, manufactures and sells power units and other power generating equipment for geothermal power plants and recovered energy-based electricity generation. Ormat is today's only vertically-integrated provider of geothermal and recovered energy-based equipment, services and power that designs, develops, builds and manufactures most of the equipment used in its plants. The in-depth knowledge gained from these operations gives us a competitive edge by enabling efficient maintenance and timely response to operational issues.

Contact Data
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Executives & Employees

Chief Executive Officer

President

Chief Financial Officer

General Counsel & CCO

Executive Vice President-Electricity Segment

Executive Vice President-Business Development

Executive Vice President, Market Development

Executive Vice President Energy Storage & Business Development

Vice President, Contract Administrator & Corporate Secretary of the Company & Ormat Systems

Vice President Corporate Finance, Head of Investor Relations

Board of Directors

Chief Financial Officer at Golden Lines International Communications Services Ltd.

Managing Partner at Alnitak Capital LLC

Former Chief Executive Officer at The First International Bank of Israel Ltd.

Chairman of the Board, Directors at Chromagen Shaar Haamakim Ltd.

Former Senior Vice President-Investments at Ampal-American Israel Corp.

Former Director, Managing Executive Officer, Head of Enterprise Risk Management Headquarters, Global General Counsel & Chairman, ORIX Corporation Europe N.V. at ORIX Corp.

Professor at University of Twente

Executive Officer & General Manager-Environmental Energy at ORIX Corp.

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Ormat Technologies, Inc.
Owners & Shareholders
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ORIX USA Corp. provides investment banking and financial advisory services. Its services include asset management, corporate finance, equipment leasing and asset-based lending, investment, loan originations, merchant banking, real estate finance, and venture finance. The company was founded in 1981 and is headquartered in Dallas, TX.

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Migdal Makefet is an active, risk-averse manager which seeks to generate attractive returns for their investors.

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Clal Gemel is an active, conservative manager which targets above-average yields for their members. They are long-term investment managers and strive to decrease the risk levels in their pension fund by constructing a diversified portfolio across asset classes, sectors and geographies.

Recent Transactions
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Ormat Technologies, Inc. issued USD Common Stock

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Ormat Technologies, Inc. purchases Altagas Ltd. /Pomona 20mw Battery Storage Facility from AltaGas Ltd.

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Ormat Technologies, Inc. purchases U.S. Geothermal, Inc.

Transaction Advisors
Auditor

Advised onOrmat Technologies, Inc. issued USD Common Stock

Underwriter

Advised onOrmat Technologies, Inc. issued USD Common Stock

Legal Advisor

Advised onOrmat Technologies, Inc. purchases Ormat Industries Ltd.

Legal Advisor

Advised onOrmat Technologies, Inc. purchases Ormat Industries Ltd.

Legal Advisor

Advised onOrmat Technologies, Inc. purchases Ormat Industries Ltd.

Escrow Agent

Advised onOrmat Technologies, Inc. purchases Ormat Industries Ltd.

Advisors & Consultants
Advisor

KCSA Strategic Communications provides public relations services. It offers Investor Relations, Public Relations, Naming & Corporate Identity, Web Design & Development, Online Marketing, Media Planning, Advertising and Social Media services. The company was founded in 1969 and is headquartered in New York, NY.

Advisor

Executive Vice President, Operations at Ormat Industries Ltd.

Publicist

Managing Partner at Hayden IR, Inc.

Publicist

Managing Partner-Global Accounts & IPOs at Hayden IR, Inc.

Clients

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

PG&E Corp. is a holding company, which engages in generation, transmission, and distribution of electricity and natural gas to customers. It specializes in energy, utility, power, gas, electricity, solar and sustainability. The company was founded in 1995 and is headquartered in San Francisco, CA.

Edison International is a renewable energy company, which through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies. The company was founded on July 4, 1886 and is headquartered in Rosemead, CA.

Key Stats and Financials As of 2019
Market Capitalization
$6.96B
Total Enterprise Value
$5.07B
Earnings Per Share
$1.72
Revenue
$746M
Net Profit
$88.1M
EBITDA
$337M
EBITDAMargin
45.11%
Total Debt
$1.27B
Total Equity
$1.52B
Enterprise Value / Sales
6.79x
Enterprise Value EBITDAOperating
15x
TEVNet Income
57.5x
Debt TEV
0.25x
Three Year Compounded Annual Growth Rate Of Revenue
4.03%
Non-Profit Donations & Grants
Political Donations
$500
2006
Investments
Details Hidden

ORPD LLC owns and operates power plants. The firm is a portfolio of geothermal and recovered energy assets. The company is headquartered in United States.

Suppliers
WEG SA Industrial Machinery & Manufacturing | Jaraguá do Sul, Brazil

WEG SA engages in the production and trade of capital goods such as electric motors, generators and transformers, gear units, and geared motors. It operates through the Brazil and Foreign segments. The Brazil segment covers industry and energy operations which include distribution of single phase and triple phase motors, equipment and services for industrial automation, paints, and varnishes. The Foreign segment offers operations carried out by subsidiaries. The company was founded by Eggon João da Silva, Werner Ricardo Voigt, and Geraldo Werninghaus on June 9, 1961 and is headquartered in Jaragua do Sul, Brazil.

PT Pertamina (Persero) Power & Utilities | Jakarta, Indonesia

PT Pertamina engages in the exploration and production of oil and gas, in both upstream and downstream sectors. Its upstream sector covers oil, gas, and geothermal energy exploration and production both domestically and overseas; and downstream sector includes processing, marketing, trading, and shipping. The company was founded on December 10, 1957 and is headquartered in Jakarta, Indonesia.

Competitors
General Electric Company Power & Utilities - Boston, MA

General Electric Co. engages in the provision of technology and financial services. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware and software, offshore wind turbines, solutions, products and services to hydropower industry, blades for onshore and offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases and finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Zhejiang Kaishan Compressor Co., Ltd. Industrial Machinery & Manufacturing - Quzhou, China

Zhejiang Kaishan Compressor Co., Ltd. engages in the manufacture of air compressor. Its products include screw air compressors, screw expander generators, industrial air compressors, refrigerant compressors, environment engineering and cold chain industry. The company was founded on July 11, 2002 and is headquartered in Quzhou, China.

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