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Balance Sheet Cash Flow Statement 6225 Neil Road, Ste. 300 Reno, NV 89511-1136 NV Tel. 775-356-9029 Fax 775-356-9039 |
Type: Public
On the web:
http://www.ormat.com
Employees:
1,069
Employee growth: 18.9%
Ormat Technologies is on an environmentally safe power trip. The company builds 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. Ormat operates geothermal plants (with a total of 410 MW of power) in Guatemala (2), Kenya, Nicaragua, and the US (7). The Bronicki family owns about 35% of the company.
Key numbers for fiscal year ending December, 2008:
Sales: $344.8M
One year growth: 16.5%
Net income: $49.8M
Income growth: 82.0%
Officers:
Chairman and CTO: Lucien Y. Bronicki
CEO and Director: Yehudit (Dita) Bronicki
President, COO, and Director: Yoram Bronicki
Competitors:
Calpine
Enel
Siemens AG




