Ormat Technologies, Inc.

We are a leading vertically integrated company primarily engaged in the geothermal power business. We use our core capabilities, proprietary technologies, and global presence to expand our activities in conventional geothermal development, recovered energy generation, and emerging geothermal technologies, including piloting new Enhanced Geothermal Systems (EGS) technologies. Additionally, we are expanding into complementary energy solutions, including standalone utility-scale energy storage services and solar PV generation, which includes hybrid geothermal and solar PV as well as solar plus energy storage. Our business activities are conducted in three segments: Electricity, Product, and Corporate and Other. In the Electricity segment, we develop, build, own, and operate geothermal, solar PV, and recovered energy-based power plants in the United States and geothermal power plants in other countries globally, selling the electricity they generate. Since the beginning of 2025, we have increased our commercial operation by 115MW from geothermal and solar PV power plants through both organic growth and mergers and acquisitions. Organic development contributed 6MW from the repowering of the Beowawe geothermal plant, 17MW (our proportional share) from the Ijen geothermal facility in Indonesia, and 42MW from the Arrowleaf solar PV plant, which is connected to an energy storage system. We also acquired an additional 20MW from the Blue Mountain geothermal plant after closing a transaction with Cyrq Energy in June 2025 and another 30MW from a solar PV plant connected to a battery energy storage system in Hawaii, purchased from Innergex Renewable Energy Inc. in January 2026.