Ormat Technologies Stock News

DOE Funding to Support Development Activities at Ormat's Dixie Valley, Nevada and Cove Fort, Utah Geothermal Projects DOE Funding to Support Development Activities at Ormat's Dixie Valley, Nevada and Cove Fort, Utah Geothermal Projects

HOUSTON--(BUSINESS WIRE)--Sage Geosystems (“Sage”), a U.S.-based Enhanced Geothermal Systems (EGS) power developer, today announced that it has selected Ormat Technologies' Blue Mountain geothermal power plant in Winnemucca, Nevada, as the location for its next commercial-scale EGS facility, Project Vector. The two-well system will use Sage's proprietary EGS technology to deliver firm, reliable...

HIGHLIGHTS CONTINUED STRONG OPERATING PERFORMANCE DROVE 10.6% REVENUE GROWTH, 20.8% GROSS PROFIT GROWTH AND 6.9% GROWTH IN ADJUSTED EBITDA ENERGY STORAGE REVENUES NEARLY TRIPLED YEAR-OVER-YEAR, BENEFITING FROM FAVORABLE MERCHANT PRICING AND NEW CAPACITY ADDITIONS ADVANCED THE COMPANY'S EGS STRATEGY THROUGH CONTINUED EXECUTION OF TWO PILOT PROGRAMS AND THE INTRODUCTION OF THE ORMEGA100 SURFACE G...

RENO, Nev., June 08, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company and the only vertically integrated designer, builder, owner, and operator of geothermal facilities in the world, today announced the Ormega100, a revolutionary new surface power generation unit engineered to deliver higher output than a...

U.S. renewable power company Ormat Technologies has developed a geothermal power plant design that would be the largest ​of its kind in the industry, capable of producing 100 megawatts ‌of electricity from the earth's heat, the company told Reuters on Monday.

Ormat Technologies NYSE: ORA reported record first-quarter 2026 revenue and maintained its full-year outlook, as strength in its energy storage and product segments offset more modest growth in its electricity business.

RECORD QUARTER WITH 75.8% YEAR-OVER-YEAR REVENUE GROWTH HIGHLIGHTS IMPROVED OPERATING PERFORMANCE, DROVE RECORD REVENUES AND OPERATING INCOME, DELIVERING ADJUSTED EBITDA AND ADJUSTED DILUTED EPS INCREASES OF 29.7% AND 91.2%, RESPECTIVELY ADVANCED OUR EGS STRATEGY, MAKING MEANINGFUL PROGRESS ACROSS BOTH TECHNOLOGY AND COMMERCIAL DEVELOPMENT STRENGTHENED OUR FINANCIAL POSITION, WITH THE CLOSING O...