What Ormat Technologies, Inc. does.

We are a leading vertically integrated company primarily engaged in the geothermal power business. We leverage our core capabilities, proprietary technologies, and global presence to expand our activities in conventional geothermal development, recovered energy generation and emerging geothermal technologies, including piloting of new EGS technologies. In addition, we are expanding into different complementary energy solutions, including stand alone utility scale energy storage services and solar PV generation (including hybrid geothermal and solar PV as well as solar plus energy storage). Our objective is to become a leading global provider of renewable energy and to help mitigate climate change by providing reliable base-load and flexible alternatives to carbon-intensive energy sources. To support this objective, we have adopted a strategic plan focused on several key initiatives to expand our business, including advancing EGS through collaborations and pilot projects, diversifying our renewable energy offerings, and leveraging our operational expertise to drive long-term growth.

• Electricity Segment. In the Electricity segment, we develop, build, own and operate geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world and sell the electricity they generate. Since the beginning of 2025, we have increased our commercial operation by 115MW from geothermal and solar PV power plants, achieved through both organic growth and M&A. Through organic development, 6MW were contributed by the repowering of the Beowawe geothermal plant, 17MW, our proportional share, by the Ijen geothermal facility in Indonesia, and 42MW by the Arrowleaf solar PV plant, which is connected to an energy storage system. Furthermore, we acquired an additional 20MW from the Blue Mountain geothermal plant after closing a transaction with Cyrq Energy in June 2025 and another 30MW from a solar PV plant connected to a battery energy storage system in Hawaii, purchased from Innergex Renewable Energy Inc. in January 2026.

Revenue and profit, by fiscal year.

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Figures from Ormat Technologies, Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.