Ormat Technologies, Inc. (ORA) operates power plants based on both geothermal and energy recovery systems. Ormat designs, builds, owns and operates these power facilities throughout the world. Ormat also designs, produces and markets recovered and geothermal energy power units and other related equipment. This company has over 40 years of experience and has approximated 80 patents protecting its technology. The company has 12 power plants in the U.S., 2 in Guatemala, One in Kenya and one in Nicaragua.
According to a Morningstar article by Travis Miller, Ormat is a top utilities investment, partially because its type of energy source is cheaper and more reliable than wind and solar generation. Also, coal power plants are encountering difficulties meeting government environmental standards and are being closed down.
Some of the top managers at Ormat Technologies are: Bob Sullivan, Shimon Hatzir, Yoram Bronicki, Yehudit “Dita” Bronicki, and Lucien Y. Bronicki.
Disclaimer: The information provided here is preliminary information and is insufficient to base investment decisions on. All investments should be made only after a thorough investigation of the investment.
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