U.S. Markets open in 2 hrs 11 mins

Ormat Technologies, Inc. (ORA)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
68.46+0.91 (+1.35%)
At close: 4:00PM EDT

Ormat Technologies, Inc.

6140 Plumas Street
Reno, NV 89519-6075
United States
775 356 9029
http://www.ormat.com

Sector(s)Utilities
IndustryUtilities—Renewable
Full Time Employees1,402

Key Executives

NameTitlePayExercisedYear Born
Mr. Doron BlacharChief Exec. Officer747.02kN/A1968
Mr. Shlomi ArgasPres and Head of Operations & Products595.3k941.17k1965
Mr. Hezi KattanGen. Counsel (Leave of Absence)498.95kN/A1976
Mr. Assaf GinzburgChief Financial OfficerN/AN/A1975
Ms. Smadar LaviVP Corp. Fin. & Head of Investor RelationsN/AN/AN/A
Ms. Jessica WoelfelVP of US Legal & Interim Gen. CounselN/AN/AN/A
Ms. Liat Inbar-AradSr. VP of HRN/AN/A1966
Mr. Shimon HatzirExec. VP of Electricity SegmentN/AN/A1962
Mr. Bob SullivanExec. VP of Bus. Devel.N/AN/A1963
Mr. Ofer BenyosefExec. VP of Energy Storage & Bus. Devel.N/AN/A1964
Amounts are as of December 31, 2019 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.

Description

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. The company operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product 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. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

Corporate Governance

Ormat Technologies, Inc.’s ISS Governance QualityScore as of April 30, 2021 is 8. The pillar scores are Audit: 10; Board: 6; Shareholder Rights: 3; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.