Ormat Company Description
Ormat Technologies is on an environmentally safe power trip. The company builds geothermal as well as recovered energy power plants. Geothermal technology extracts hot water or steam that is vaporized and used to drive turbines. The fluid is then cooled and recycled back through the process, making it a clean and renewable energy source. Recovered energy utilizes heat produced in other industrial processes. The company, set up by Israel-based Ormat Industries, also sells power units for both types of plants. Ormat operates geothermal plants (with a total of 410 MW of power) in Guatemala (2), Kenya, Nicaragua, and the US (7). The Bronicki family owns about 35% of the company.
View the Comprehensive Company Description for Ormat
The Company Description provides a historical perspective of Ormat's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ormat's evolution in the marketplace.
