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Ormat Technologies, Inc. (ORA)

NYSE - NYSE Delayed Price. Currency in USD
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59.94-1.03 (-1.69%)
At close: 04:00PM EDT
59.94 -0.01 (-0.02%)
After hours: 04:02PM EDT

Ormat Technologies, Inc.

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

Sector(s)Utilities
IndustryUtilities - Renewable
Full Time Employees1,576

Key Executives

NameTitlePayExercisedYear Born
Mr. Doron BlacharChief Executive Officer1.26M851.75k1968
Mr. Assaf GinzburgChief Financial Officer753.44kN/A1975
Ms. Jessica WoelfelGeneral Counsel, Chief Compliance Officer & Corporate Secretary568.18kN/A1977
Mr. Shimon HatzirExecutive Vice President of Electricity Segment669.65kN/A1962
Mr. Ofer Ben YosefExecutive Vice President of Energy Storage & Business Development560.37kN/A1964
Ms. Smadar LaviVice President, Head of Investor Relations & ESG Planning and ReportingN/AN/AN/A
Ms. Liza TavoriExecutive Vice President of Human ResourcesN/AN/AN/A
Ms. Nirit GrushkoSenior Vice President of Engineering, R&D Innovation & QEHSN/AN/AN/A
Mr. Elad ZalkinSenior Vice President of Projects, Business Excellence, Planning & ControlN/AN/AN/A
Amounts are as of December 31, 2023 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, Guadeloupe, New Zealand, Honduras, and internationally. It operates in 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 and recovered energy-based electricity generation; and 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 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 battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

Corporate Governance

Ormat Technologies, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 2. The pillar scores are Audit: 2; Board: 5; Shareholder Rights: 2; Compensation: 2.

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.