Ormat Technologies

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide: North America, South America, Europe, Australia, and Asia. The company's products also include turbines, generators, and heat exchangers. The company's share is a dual stock traded on the Tel Aviv Stock Exchange since 1991 and on the New York Stock Exchange since 2004 under the symbol ORA, and is part of the Tel Aviv 35 Index and the Tel Aviv Tech-Elite Index [3]. The company's main production facilities are located in Yavne, Israel. History Ormat was established in 1965 as Ormat Turbines Ltd. (later renamed Ormat Industries), in Yavne, Israel, by engineer Lucien Bronicki, the company's chairman and CTO until 2014, and his wife Yehudit "Dita" Bronicki, who served as CEO until 2014. In the late 1950s Lucien Bronicki worked in a government physics laboratory, where he developed a turbine to produce electricity from a range of energy sources, including solar; the process is known as the organic Rankine cycle, which he co-developed with Harry Zvi Tabor. He retired from the lab to commercialize his ideas . In its early years the company focused exclusively on manufacturing power generation equipment.