ORA - Ormat Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD

Ormat Technologies, Inc.

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

SectorUtilities
IndustryUtilities - Independent Power Producers
Full Time Employees1,346

Key Executives

NameTitlePayExercisedYear Born
Mr. Isaac AngelChief Exec. Officer1.54MN/A1956
Mr. Doron BlacharChief Financial Officer573.77kN/A1968
Mr. Shlomi ArgasExec. VP of Products Segment & Operations529.83kN/A1965
Mr. Bob SullivanExec. VP of Bus. Devel., Sales & Marketing391.77k1.33M1963
Mr. Zvi KriegerExec. VP of Electricity Segment472.29kN/A1956
Amounts are as of December 31, 2018 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, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. 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, 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, solar photovoltaic, 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 Other segment offers energy storage, demand response, and energy management related services. 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 1, 2019 is 9. The pillar scores are Audit: 10; Board: 7; Shareholder Rights: 4; Compensation: 9.

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.