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Ormat Technologies, Inc. (ORA)

NYSE - NYSE Delayed price. Currency in USD
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92.98+1.23 (+1.34%)
At close: 04:00PM EDT
92.98 0.00 (0.00%)
After hours: 04:35PM 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 employees1,385

Key executives

NameTitlePayExercisedYear born
Mr. Doron BlacharChief Exec. Officer1.07MN/A1968
Mr. Shlomi ArgasPres and Head of Operations & Products537.72k181.09k1965
Mr. Assaf GinzburgChief Financial Officer618.42kN/A1975
Mr. Shimon HatzirExec. VP of Electricity Segment563.75k185.78k1962
Mr. Ofer BenyosefExec. VP of Energy Storage & Bus. Devel.533.24kN/A1964
Ms. Smadar LaviVP, Head of Investor Relations & ESG Planning and ReportingN/AN/AN/A
Ms. Jessica WoelfelGen. Counsel & Chief Compliance OfficerN/AN/A1977
Ms. Liza TavoriSr. VP of HRN/AN/AN/A
Ms. Etty RosnerSr. VP of Contract ManagementN/AN/A1956
Mr. Bob SullivanExec. VP of Bus. Devel.N/AN/A1963
Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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. It 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; and 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 1 July 2022 is 3. The pillar scores are Audit: 5; Board: 5; Shareholder rights: 2; Compensation: 4.

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 10 indicates higher governance risk.