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Ormat Technologies, Inc. (ORA)

43.39 Down 0.35(0.80%) May 25, 4:02PM EDT
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Ormat Technologies, Inc.
6225 Neil Road
Reno, NV 89511
United States - Map
Phone: 775-356-9029
Fax: 775-356-9039

Index Membership:N/A
Industry:Electric Utilities
Full Time Employees:1,060

Business Summary 

Ormat Technologies, Inc. engages in the 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, including 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; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

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Corporate Governance 
Ormat Technologies, Inc.’s ISS Governance QuickScore as of May 1, 2016 is 5. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 4; Compensation: 7.
Brought to you by Institutional Shareholder Services (ISS)

Key Executives 
Mr. Isaac Angel , 60
Chief Exec. Officer
Mr. Doron Blachar , 48
Chief Financial Officer
Mr. Bob Sullivan , 53
Exec. VP of Bus. Devel., Sales & Marketing
Mr. Zvi Krieger , 60
Exec. VP Electricity Segment
Mr. Shimon Hatzir , 54
Exec. VP of Engineering
Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
Currency in USD.
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