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Ormat Technologies Inc. (ORA)On Nov 24: 40.67   0.00 (0.00%)  
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Ormat Technologies Inc.
6225 Neil Road
Suite 300
Reno, NV 89511-1136
United States - Map
Phone: 775-356-9029
Fax: 775-356-9039
Web Site: http://www.ormat.com

DETAILS 
Index Membership:N/A
Sector:Utilities
Industry:Electric Utilities
Full Time Employees:1,069

BUSINESS SUMMARY 
Ormat Technologies, Inc. and its subsidiaries engage in the geothermal and recovered energy power business in the United States and internationally. The company operates in two segments, Electricity and Products. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants, and sells electricity. The Products segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and remote power units and other power generators, including fossil fuel powered turbo-generators and heavy duty direct current generators. These products are offered to owners and operators of geothermal plants, interstate natural gas pipelines, gas processing plants, and cement plants; contractors installing gas pipelines; and various companies engaged in other energy-intensive industrial processes. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. The company was founded in 1965 and is based in Reno, Nevada. It has a joint venture agreement with Sunday Energy Ltd. to develop, construct, and operate solar-photovoltaic energy systems with a total capacity of 36 megawatts in Israel. Ormat Technologies, Inc. is a subsidiary of Ormat Industries, Ltd.
Key Statistics

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    CORPORATE GOVERNANCE 
    Ormat Technologies Inc.'s Corporate Governance Quotient (CGQ®) as of 6-Nov-09 is better than 21.6% of Russell 3000 companies and 9% of Utilities companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Lucien Bronicki , 74
    Chairman, Chief Technology Officer, Chairman of Nominating & Corp. Governance Committee and Chairman of Ormat Industries
    $ 522.00K $ 0
    Mrs. Yehudit Bronicki , 67
    Chief Exec. Officer, Director, Chairman of Compensation Committee, Pres of Ormat Systems, Gen. Mang. of Ormat Industries of Ormat Industries
    $ 548.00K $ 0
    Mr. Yoram Bronicki B.Sc. (Mechanical Engineering), 42
    Pres, Chief Operating Officer, Director of Ormat Industries
    $ 539.00K $ 0
    Mr. Joseph Tenne , 53
    Chief Financial Officer, Principal Accounting Officer and Chief Financial Officer of Ormat Industries Ltd
    $ 319.00K $ 0
    Mr. Zvi Reiss , 58
    Exec. VP of Project Management
    $ 335.00K $ 0
    Dollar amounts are as of 31-Dec-08 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.
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