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Ormat Technologies Grows Revenues 6.1% to $879.7M Amid Geothermal and Storage Expansion

ORA10-KFiling Date: 2/27/2025
Ormat Technologies, Inc.
Description

What this story covers

Ormat Technologies' 2024 10-K shows 6.1% revenue growth to $879.7 million, driven by Electricity and surging Energy Storage. With 1,248 MW capacity, primarily geothermal, the company eyes 400-500 MW additions by 2028 via acquisitions and IRA tax benefits. EBITDA rose 14.3% to $550.5M, funding 2025 capex despite risks.

Story snapshot

CompanyOrmat Technologies, Inc.
TickerORA
VariantStandard detailed
Duration16:55
Filing type10-K
PeriodAnnual 2024
IndustryEnergy
Accession0001628280-25-008531

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