geothermal company News
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Ormat Technologies, Inc. Announces May 8, 2014 Annual Meeting of Stockholders
Ormat Technologies, Inc. (NYSE: ORA) is pleased to announce that its 2014 annual meeting of stockholders will be held on Thursday, May 8, 2014 at 1:30 P.M. local time at the offices of Chadbourne & Parke LLP, 30 Rockefeller Plaza, New York, New York. A Notice of Internet Availability of Proxy Materials, including details of the annual meeting, will be mailed to stockholders of record as of ...
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A Salton Sea geothermal company thinks it`s solved thelithium puzzle. Will this time be different?
Simbol Materials was a darling of the cleantech world, until it suddenly wasn't. The startup claimed it haddeveloped extraordinary technology to extract lithium, a metal used in electric car batteries, from thegeothermal brine by the Salton Sea's southern shore. Elon Musk was so excited that Tesla Motors offered tobuy the startup for $325 million, as The Desert Sun reported earlier this ...
By EnergySource
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Ormat to Host Investor Event on March 9, 2016 in Tel-Aviv
Ormat Technologies, Inc. (NYSE: ORA) today announced that the Company will host an Investor Event from 9:00 a.m. to 11:00 a.m. (IST) on Wednesday, March 9, 2016 in Tel-Aviv. Formal presentations will start promptly at 9:30 a.m. (IST). Isaac Angel, Ormat's Chief Executive Officer, will lead the discussion and focus his remarks on the Company's key strategies, market opportunity and growth plans. ...
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Ormat Technologies to Present at the 28th Annual ROTH Conference
Ormat Technologies, Inc. (NYSE: ORA) today announced that Smadar Lavi, VP of Corporate Finance and Investor Relations, will be presenting at the 28th Annual ROTH Conference on Monday, March 14, 2016 at 10:00 a.m. PT in Salon 1. The presentation will also be webcast live from the Investor Relations section of the Company's website on www.ormat.com/investors. The webcast will be archived for 90 ...
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Ormat Announces Investor & Analyst Day March 31, 2015 in New York City
Ormat Technologies, Inc. (NYSE: ORA) (the “Company”), today announced the Company will conduct an Investor Day, from 9 a.m. to 12:30 p.m. (ET) on Tuesday, March 31, 2015 in New York City. Isaac Angel, Ormat’s Chief Executive Officer, will lead the discussion around the Company’s key strategies and market opportunity. Ormat’s team including, Doron Blachar, Chief ...
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Ormat and Alevo to Jointly Build, Own and Operate First Energy Storage Project in Georgetown, Texas
Ormat Technologies, Inc. (NYSE:ORA) announced today its subsidiary has signed an agreement with a subsidiary of Alevo Group SA, a leading provider of energy storage systems, to jointly build, own and operate the Rabbit Hill Energy Storage Project, located in Georgetown, Texas. Ormat will own and fund the majority of the Rabbit Hill energy storage project and under the terms of the agreements, ...
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Ormat Plans to Seek Multiple International Listings
Ormat Technologies, Inc. (NYSE: ORA) announced today that in connection with the pending transaction, the corporation's board of directors approved a decision to list its shares on two international stock exchanges, in addition to its current listing on the New York Stock Exchange (NYSE), one of which will be the Tel Aviv Stock Exchange (“TASE”). “As Ormat Technologies works to ...
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Ormat Technologies to Participate in the Jefferies 2013 Global Industrials Conference
Ormat Technologies, Inc. (NYSE: ORA) today announced that Doron Blachar, Chief Financial Officer, will present at the Jefferies 2013 Global Industrials Conference in New York. Mr. Blachar will provide an overview of the business and financial highlights on Monday, August 12, 2013 at 9:30 a.m. EDT. The event will be available via live, listen-only webcast. To access the live event, visit the ...
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Ormat Board Names Mr. Isaac Angel as CEO
Ormat Technologies, Inc. (NYSE: ORA) announced today that its Board of Directors has appointed Mr. Isaac Angel as Chief Executive Officer. Mr. Angel will join Ormat on April 1, 2014 and assume the CEO position effective July 1, 2014. He will succeed Mrs. Yehudit (Dita) Bronicki, who announced her retirement in November after 50 years of service in the company. Mrs. Bronicki will continue to serve ...
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Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MW
Ormat Technologies, Inc. (NYSE: ORA) announced today its subsidiary has signed an amended and restated Power Purchase Agreement (“PPA”) with Kenya Power and Lighting Company Limited (KPLC), paving the way for the expansion of the Olkaria complex. Under the terms of the PPA, Ormat expects to increase the generating capacity of the complex by 24 MW, bringing the complex’s total ...
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Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile
Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile. Under the EPC contract, Ormat will provide two air-cooled ORMAT® ENERGY CONVERTER (OEC) for a high enthalpy reservoir. The ...
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Ormat Signs a $98.8 Million EPC Contract for Geothermal Project in Chile
Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly owned subsidiary, Orandina I S.p.A., was selected through a competitive bid process and signed a $98.8 million engineering, procurement and construction (EPC) contract for a geothermal project in Chile. Under the EPC contract, Ormat will provide two air-cooled ORMAT® ENERGY CONVERTER (OEC) for a high enthalpy reservoir. The ...
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Registration Now Open for GRC Annual Meeting & GEA Geothermal Energy Expo
Registration is now open for the biggest annual geothermal event of the year. The GRC Annual Meeting & GEA Geothermal Energy Expo will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from October 23-26 at the Sacramento Convention Center, Sacramento, California, USA. Early birds who ...
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Ormat Signs 25-Year PPA and Steam Supply Agreement for the 35 MW Menengai Geothermal Project in Kenya
Ormat Technologies, Inc. (NYSE: ORA) today (Nov 3, 2014) announced that its majority owned Kenyan subsidiary (the Project Company) owned by Ormat (51%), Symbion Power LLC (24.5%) and Civicon Ltd. (24.5%), signed a 25-year Power Purchase Agreement (PPA) with Kenya Power and Lighting Co. Ltd (KPLC) and a project implementation and steam supply agreement (PISSA) with Geothermal Development Company ...
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Ormat Technologies to Participate in the 26th Annual ROTH Conference
Ormat Technologies, Inc. (NYSE: ORA) today announced that Yoram Bronicki, president and chief operating officer, will present at the 26th Annual ROTH Conference in Dana Point, California. Mr. Bronicki will provide an overview of the business and financial highlights on Tuesday, March 11 at 3 p.m. PST. The event will be available via live, listen-only webcast. To access the live event, visit the ...
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Ormat Technologies Announces Completion of Share Exchange Transaction
Ormat Technologies, Inc. (NYSE:ORA) announced today that further to its news release on November 10, 2014, the Company completed the share exchange transaction with its parent entity, Ormat Industries Ltd. ("OIL") following which, it became a non-controlled public company and its public float increased from approximately 40% to approximately 76% of its total shares outstanding. Under the terms ...
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Early Bird Registration Deadline for GRC Annual Meeting is This Week
The deadline for early-bird rates for registration for the international geothermal event of the year is this Saturday, August 30. The GRC Annual Meeting & GEA Geothermal Energy Expo will bring together geothermal companies, academics, financiers, policy leaders, students, and other individuals to attend or exhibit at the event, to be held from September 28 to October 1 at the Oregon ...
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Ormat Announces Commercial Operation of Plant 4 in Olkaria III in Kenya, Expanding Complex Capacity to Nearly 140 MW
Ormat Technologies, Inc. (NYSE:ORA) announced today that it reached commercial operation of Plant 4 in the Olkaria III complex in Kenya, increasing the complex total generating capacity by 29 MW to 139 MW. Plant 4 will sell its electricity to Kenya Power and Lighting Company Limited (KPLC) under a 20-year PPA. In October 2015, Ormat signed an amendment to the Power Purchase Agreement ("PPA") ...
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Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2013 Earnings Results
Ormat Technologies, Inc. (NYSE: ORA) plans to announce its third quarter 2013 earnings results in a press release that will be issued on Tuesday, November 5, 2013 after the market close. The Company has scheduled a conference call to discuss the results at 9:00 A.M. ET on Wednesday, November 6, 2013. The conference call will be broadcast live as a listen-only webcast. To listen to the call, ...
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Ormat Technologies Considers Potential Restructuring with its Parent Company
Ormat Technologies, Inc. (NYSE: ORA) announced today, following a report to that effect issued today to the Tel Aviv Stock Exchange and the Israeli Security Authority by its parent entity, Ormat Industries, Ltd. (OIL), that the two companies are considering a possible group corporate reorganization. Under the proposed transaction, Ormat Technologies would acquire OIL by issuing shares of common ...
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