Type: Public
On the web: http://www.ormat.com
Employees: 1,146
Employee growth: 5.1%

Ormat Technologies is on an environmentally safe power trip, building 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, and sells fossil fuel-powered turbo-generators with a capacity of between 400 watts and 4,000 watts. Ormat operates power plants (generating some 3.8 million MW) in Guatemala, Kenya, Nicaragua, and the US.

Key numbers for fiscal year ending December, 2010:
Sales: $373.2M
One year growth: (10.1%)
Net income: $37.3M
Income growth: (45.8%)

Officers:
Chairman and CTO: Lucien Y. Bronicki
CEO and Director: Yehudit (Dita) Bronicki
President, COO, and Director: Yoram Bronicki

Competitors:
Calpine
Enel
Siemens AG

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