Ormat Technologies history

In 1976, Ormat began supplying offshore gas platforms with CCVTs and 122 of the remote power units were installed along the Trans-Alaska Pipeline.

In 1979, the Siberian railway began powering their communications system with Ormat CCVTs.

In 1982, Ormat developed the Solar Pond Power Plant – an experimental project to pilot the development of solar energy production.

In late 1983, Ormat formed a partnership with Pennsylvania-based LFC Financial Corp. and established Ormat Energy Systems, Inc.

In 1984, the subsidiary opened an office in Sparks, Nevada, and acquired the development rights to California’s East Mesa Geothermal Field.

In 1986, the firm designed and supplied geothermal power systems to the Kawerau Power Station in New Zealand.

In April 1988, Ormat Energy Systems acquired a 25 percent interest in Puna Geothermal Ventures on the island of Hawaii.

In February 1990, 11 months after a contract was signed, electricity began flowing from two OEC modular units, part of New Zealand’s first geothermal power plant.

Kanon, Sharon, “One Day, One House,” Jerusalem Post, July 12, 1991.

In 1992, Ormat acquired a controlling stake of Bet Shemesh Engines, a manufacturer of parts for jet engines, that also overhauls, maintains and assembles jet engines.

“Exclusivity in a Growing Market,” Israel Business Today, April 14, 1993.

Cohen, Neil, “Alternative Energy,” Jerusalem Post, 12 April 1995.

In February 1996, Ormat Industries announced another geothermal project for New Zealand, a turnkey contract to build a $32 million, 20 MW power plant on an active geothermal site in the Rotokawa region.

In May 1997, Ormat received an order for its fourth New Zealand geothermal facility, a $24 million, 10 MW plant for the Ngawha geothermal field in Northland.

Paz, Zvika, “Power to Ormat,” Israel Business Arena, June 5, 2002.

In February 2004, the company began operating a 4.5 MW Ormat Recovered Energy Generation system at a natural gas processing plant in Louisiana.

“OrCal: California Steaming,” Project Finance, December 1, 2005.

In March, parent company Ormat Industries reported $290.9 million in total revenue for 2006.

• In 2013, the world’s largest single binary geothermal power plant – the Ngatamariki in New Zealand – began commercial operations.

Angel joined the company in April for an overlapping procedure and began serving as CEO in July 2014.

In November 2015, Dita and Yoram Bronicki resigned from the company's board of directors, and Gilon Beck was appointed chairman of the board.

The facility’s other two units began operating in March and October 2017 respectively.