recovered energy generation News
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Ormat Technologies announces closing of its equity transaction with Northleaf for the sale and purchase of an equity interest in a portfolio with an aggregate value of $442 million
Ormat Technologies, Inc. (NYSE: ORA) announced today that its wholly-owned subsidiary Ormat Nevada Inc. (Ormat) fulfilled all conditions precedent and achieved financial closing under the previously announced equity transaction with Northleaf Capital Partners. Pursuant to the purchase agreement, which the parties executed on February 5, 2015, Northleaf acquired a 36.75% equity interest in a ...
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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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Ormat Signs $22.3 Million Contract with UAMPS for Recovered Energy Generation Project
Ormat Technologies, Inc. (NYSE:ORA) announced today that its wholly-owned subsidiary has entered into a $22.3 million engineering, procurement and construction (EPC) contract with the Utah Associated Municipal Power Systems (UAMPS). Ormat will install an air-cooled Ormat Energy Converter at the Kern River Gas Transmission Company’s (“Kern River”) Veyo natural gas compressor ...
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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 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 Completes Construction at Veyo Recovered Energy Generation Project in Southern Utah for UAMPS
Ormat Technologies, Inc. (NYSE:ORA) announced today that construction was completed at the Veyo Heat Recovery Project in southern Utah. This project falls under a $22.3 million engineering, procurement and construction (EPC) contract with Utah Associated Municipal Power Systems (UAMPS), and it features an air-cooled Recovered Energy Generation (REG) unit at UAMPS’ Kern River Gas ...
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NV Energy approves commercial operation date for the McGinness Hills Geothermal Power Plant
Ormat Technologies, Inc. (NYSE: ORA) announced today that NV Energy approved the Commercial Operation Date for the 30-MW (net capacity) McGinness Hills geothermal power plant located in Lander County, Nevada. Following the COD approval, the plant is receiving full energy prices from July 1, 2012. About Ormat Technologies Ormat Technologies, Inc. is the only vertically integrated company ...
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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 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 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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Ormat enters joint development agreement with eBay Inc. for development of five-megawatt recovered energy generation power plant
Ormat Technologies, Inc.’s (NYSE: ORA) wholly owned subsidiary entered a Joint Development Agreement with eBay Inc. for the development of a five-megawatt Recovered Energy Generation (REG) power plant to be constructed in Utah. The Joint Development Agreement allows Ormat and eBay Inc. to advance negotiations on a 20-year term contract and begin preliminary development work to supply ...
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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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Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2011 Earnings Results
Ormat Technologies, Inc. (NYSE: ORA) plans to announce its second quarter 2011 earnings results in a press release that will be issued on Wednesday, August 3, 2011 after the market close. The Company has scheduled a conference call to discuss the results at 10:00 A.M. EDT on Thursday, August 4, 2011. The conference call will be broadcast live as a listen-only webcast. To listen to the call, ...
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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, 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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Mr. Yoram Bronicki Retiring as Director and Chairman of Board of Directors, and Mr. Gillon Beck appointed by the Board as Chairman
Ormat Technologies, Inc. (NYSE:ORA) announced today that Mr. Yoram Bronicki has resigned from his position as the Chairman of the Company’s Board of Directors, effective November 16, 2015. "Yoram Bronicki has managed and contributed to the Company's growth in his roles as chief operating officer and president, and has been extensively involved with the Company's missions in his role as ...
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Ormat Technologies Secures $36 Million Supply & EPC Contracts for a Geothermal Power Plant in New Zealand
Ormat Technologies, Inc. (NYSE: ORA) today announced that one of its subsidiaries has signed a $36 million Supply, Engineering, Procurement and Construction, (EPC) contracts, with Eastland Group for the Te Ahi O Maui geothermal project located near Kawerau, New Zealand. The construction of the project is expected to be completed in 2018. Under the Supply & EPC contracts, Ormat will provide ...
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