Ormat Technologies Inc. is a provider of alternative and renewable energy technology based in Reno, Nevada. The company built over 150 power plants and installed over 2,000 MW. As of February 2016 Ormat owns and operates 697 MW of geothermal and recovered energy based power plants. The company’s shares have been listed on the Tel Aviv Stock Exchange since 1991, and the New York Stock Exchange since 2004. The company’s main production facilities are based in Yavne, Israel.
Thermal Energy
Ormat’s core technology is the Ormat Energy Converter (OEC) power generation unit. It converts low and medium temperature heat into electrical energy, with low or zero emission of CO2 and pollutants. The OEC’s main components are a vaporizer/preheater, turbo-generator, air-cooled or water-cooled condenser, feed pump and controls. Ormat has installed more than 900 MW of geothermal and recovered energy generation (REG) power units, based on OEC technology.
Ormat’s technology is optimized for use in geothermal energy generation, and the company is the third largest geothermal producer in the United States. The technology is also suitable for recovered energy power generation, which converts waste heat from industrial processes into electricity that can be used on site or sold to power generation utilities. Ormat’s recovered energy technology was deployed in projects in Germany, Canada, India, USA and Japan.
Ormat has been involved in establishment and development of several companies, including:
Orbotech develops and manufactures automated optical inspection (AOI) systems for bare and assembled printed circuit boards and flat panel displays. The company’s systems, imaging and computer-aided manufacturing technologies enable electronic manufacturers to achieve the increased yields and throughput essential for electronics production.
Orad Hi-Tec Systems Ltd. develops video and real-time image processing technologies for TV broadcasting, Internet, production studio and sports events.
| Founded | 1965 |
|---|---|
| Founder | Lucien and Dita Bronicki |
| Headquarters | Nevada, United States |
| Products | Geothermal power, Energy recovery |
| Revenue | US$ 594.6 million (2015) |
| US$ 164.1 million (2015) | |
| Profit | US$ 123.3 million (2015) |
| Total assets | US$ 2,293 million (2015) |
| Total equity | US$ 1083.9 million (2015) |
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Number of employees
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1,060 (2015) |
Just realized Ormat rhymes with doormat which is what they expect us to be. But how wrong they are.
I was not very tuned-in to what “foreign investment” meant. I now see that much of it is thievery. Henry’s broadcast today drove that home. And he also said:
“It’s all about the authority they do not have over us. … People have become so indoctrinated into this authoritarian complex that they cannot even conceive what freedom is anymore. … Freedom is: NO son-of-a bitch gets to tell you anything!!…”
Man, freedom is very big. I find new meaning in it everyday.
🙂
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