Welcome to our dedicated page for Ormat Tech news (Ticker: ORA), a resource for investors and traders seeking the latest updates and insights on Ormat Tech stock.
Ormat Technologies, Inc. (NYSE: ORA) is a geothermal and renewable energy company whose news flow reflects its activities in geothermal power, recovered energy generation (REG), solar PV and grid‑connected energy storage. As a vertically integrated player in geothermal and REG, Ormat regularly issues updates on project development, operating milestones and long‑term contract activity across its global portfolio.
News about Ormat often covers the commencement of commercial operations at new facilities, such as the Arrowleaf hybrid solar‑plus‑storage project in California or the Lower Rio battery energy storage system in Texas. The company also reports on long‑term power purchase agreements and tolling agreements, including a 25‑year PPA extension with the Southern California Public Power Authority for the Heber 1 geothermal facility and a 20‑year PPA with Switch for geothermal capacity from the Salt Wells power plant in Nevada.
Investors and analysts following ORA can expect regular announcements on international geothermal concessions and agreements, such as the award of the Telaga Ranu Geothermal Working Area in Indonesia and Geothermal Exploration and Energy Conversion Agreements with PLN. Ormat’s news releases also highlight strategic collaborations to advance next‑generation geothermal technologies, including agreements with Sage Geosystems Inc. and SLB to pilot Pressure Geothermal and enhanced geothermal systems (EGS) at Ormat sites.
In addition, Ormat publishes quarterly and annual earnings results, guidance updates and segment performance details, typically accompanied by conference call announcements. For those tracking ORA stock, this news stream provides insight into the company’s electricity, product and energy storage segments, its contract backlog, and its stated plans to expand its energy storage footprint and geothermal development pipeline.
Ormat Technologies (NYSE: ORA) announced a $25 million equity investment as co-lead in an over $97 million Series B round for Sage Geosystems on Jan. 21, 2026. The financing, co-led with Carbon Direct Capital, will fund Sage’s advancement of next‑generation geothermal and energy storage solutions and support development of its first commercial facility.
Ormat said the deal complements a prior commercial agreement and will fund a pilot of Sage’s Pressure Geothermal technology at an existing Ormat plant; upon successful pilot completion, Ormat will have rights to develop, build, own and operate plants and storage projects using Sage’s technology.
Ormat Technologies (NYSE: ORA) was awarded the Telaga Ranu geothermal concession in Halmahera, North Maluku, Indonesia on January 15, 2026, following a competitive tender with four qualified bidders.
The concession sits in Indonesia’s highest approved feed-in tariff zone and has the potential to support up to 40MW of baseload geothermal energy. Ormat said development by the end of 2030 would help replace diesel generation, advance decarbonization, and strengthen energy security. Management stated the site could add up to 40MW to Ormat’s exploration pipeline, bringing that pipeline to approximately 200MW plus 59MW from an operating asset.
Ormat Technologies (NYSE: ORA) will release its fourth quarter and full year 2025 financial results on Wednesday, February 25, 2026 after the market closes. The company will hold a conference call to discuss results at 10:00 a.m. ET on Thursday, February 26, 2026, with U.S./Canada dial-in 1-800-715-9871 and international dial-in +1-646-307-1963; access code 3818407.
The call will be webcast live on the company Investor Relations website, with a replay available one hour after the call via U.S./Canada replay 1-800-770-2030 and international replay +1-647-362-9199 using access code 3818407. The webcast will be archived on the Investor Relations site.
Ormat Technologies (NYSE: ORA) signed a 20-year PPA with Switch to sell ~13MW of carbon-free geothermal power from the Salt Wells plant near Fallon, Nevada. Ormat has an option to add an ~7MW Solar PV facility to support auxiliary power. Energy deliveries are scheduled to begin in Q1 2030 after a major Salt Wells upgrade expected to finish by Q2 2026. Management cited potential for future recontracting of over 100 MW across Ormat’s fleet and sees this as a first direct data-center PPA that could enable additional long-term agreements.
Ormat Technologies (NYSE: ORA) commenced commercial operation of Arrowleaf, its first hybrid solar-plus-storage project in California on Jan 6, 2026. The facility comprises approximately 42 MW of solar and 35 MW / 140 MWh of battery storage and operates under a long-term tolling agreement with San Diego Community Power, serving nearly 1 million customers.
The project expanded Ormat’s operating portfolio to about 1.7 GW. A hybrid tax equity partnership with Morgan Stanley Renewables closed in December, producing approximately $38 million of upfront proceeds and contributing to > $160 million of tax credits collected in 2025.
Ormat Technologies (NYSE: ORA) reported Q3 2025 results with total revenue $249.7M (up 17.9% YoY) and net income attributable to stockholders of $24.1M (up 9.3% YoY). Product and Energy Storage revenue rose 66.6% and 108.1%, respectively, and Product backlog reached $295M. The company placed the 60MW/120MWh Lower Rio storage facility into commercial operation and closed strategic EGS collaborations with Sage Geosystems and SLB. Ormat raised its 2025 guidance to $960M–$980M revenue and $575M–$593M adjusted EBITDA, and declared a quarterly dividend of $0.12 per share.
Ormat Technologies (NYSE: ORA) and SLB (NYSE: SLB) announced a strategic partnership on October 27, 2025 to accelerate integrated geothermal asset development and commercialize enhanced geothermal systems (EGS).
The agreement covers joint technology and project development, construction of an EGS pilot at an existing Ormat site, and a plan to scale commercial EGS for independent power producers, utilities and data center customers. The partners aim to validate commercial-scale EGS and de-risk technical and economic barriers to rapid deployment.
The release cites a U.S. Department of Energy estimate that next-generation geothermal could provide 90 GW by 2050 and potentially up to 300 GW in the U.S., underscoring market opportunity for scalable EGS.
Ormat Technologies (NYSE: ORA) will release its Q3 2025 financial results on Monday, November 3, 2025 after market close. The company will hold a conference call to discuss the results at 09:00 a.m. ET on Tuesday, November 4, 2025.
U.S./Canada participants should dial 1-800-715-9871 (join ~15 minutes early); international participants should dial +1-646-960-0440 and use access code 3818407. A live webcast and replay will be available via the company’s Investor Relations website; the replay dial numbers are 1-800-770-2030 (U.S./Canada) and +1-647-362-9199 (international) using access code 3818407.
Ormat Technologies (NYSE: ORA), a leading geothermal and renewable energy company, has published its 2024 Sustainability Report, showcasing significant environmental and social achievements. The company helped avoid 2,488,811 metric tons of CO2e emissions, which is 11 times more than its emissions.
Key accomplishments include a 5% reduction in Scope 1 & 2 emissions intensity compared to the base year, enhanced TCFD-aligned climate disclosures, and nearly $1 million in community contributions. The report follows GRI standards, SASB requirements, and TCFD recommendations, demonstrating Ormat's commitment to transparency and sustainable practices.
Ormat Technologies (NYSE: ORA) has announced the successful launch of commercial operations at its Lower Rio energy storage facility in Texas. The facility features a 60MW/120MWh Battery Energy Storage System (BESS) and will operate under a seven-year tolling agreement.
The company has partnered with Morgan Stanley Renewables in a Hybrid Tax Equity deal to monetize the 40% Investment Tax Credit (ITC), generating approximately $25.0 million in proceeds. This advances Ormat's goal of monetizing $160 million in tax benefits for the year.
With the addition of Lower Rio, Ormat's total energy storage capacity in the U.S. has reached 350MW/778MWh, strengthening its position in key U.S. markets.
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