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About
Ormat Technologies, Inc. is a holding company, which engages in the provision of renewable energy. It operates through the Electricity and Products segments. The Electricity segment develops and installs geothermal power plants. The Product segment manufactures and sells equipment for energy-based electricity generation, remote power units, and power generating units. The company was founded in 1965 and is headquartered in Reno, NV. | |||
Description
Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. |