Ormat Technologies Company History Timeline

1965

Ormat was established in 1965 by the Bronicki family, who shared a bold vision to export breakthrough technology in the renewable energy sector.

1973

The Russian company Gazprom, one of the world s largest natural gas production and transmission firms, began using Ormat CCVTs in 1973.

1976

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

1979

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

1982

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

1983

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

1984

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

1986

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

1988

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

Ormat Energy Completes 100 Buyout of Planned 30-MW Hawaiian Project, Independent Power Report, June 3, 1988.

1989

In 1989, Ormat supplied geothermal equipment for the regional heating system at Sudurnes Iceland which utilizes the abundant local geothermal resources to provide heating for 20,000 people.

1990

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.

1991

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

Total revenues for Ormat Industries for the whole of 1991 were 71 million.

1, the first geothermal plant built at the Steamboat, Nevada, location since 1991.

In 1991, the company, then as Ormat Industries, listed on the Tel Aviv Stock Exchange.

1993

Ormat, Mission, Magma Awarded 200 MW of Philippine Geothermal Contracts, Independent Power Report, April 23, 1993.

EXPANDING WORLDWIDE IN 1993.

1995

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

In June 1995, Ormat Inc. was awarded another PNOC contract for a 40 million, 49 MW geothermal power plant on the island of Leyte in the central Philippines.

1996

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.

1997

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.

1998

The first development was the 50 MW Leyte Optimization project in the Philippines under a BOT for 10 years starting in 1998.

1999

Ormat Industries landed its first deal in Nicaragua in March 1999, a 15-year contract to operate the 27 MW Momotombo geothermal power plant.

2001

Ormat Industries Expands Development with Plan to Buy Up to 90 MW in Nevada, Global Power Report, June 8, 2001.

REINVESTING IN THE UNITED STATES 2001.

In 2001, Ormat Industries continued its transition from a technology vendor to an independent power producer.

2002

Ormat Nevada Goes Geothermal, Buys 60 MW for 41-Million, Megawatt Daily, April 16, 2002.

The plant was scheduled to start producing 20, 000 barrels per day in 2002, which the company planned to sell in the United States refinery market.

2004

In 2004, Ormat Technologies, completed an initial public offering on the New York Stock Exchange raising 100 million.

2005

In 2005, Ormat sold its shares the company.

2006

In 2006, Ormat received for the first time, an order for to supply equipment for a geothermal power plant in Germany.

2007

January 2007 brought Ormat its tenth New Zealand supply contract, a deal to build a 20 million, 12 MW geothermal power plant in Ngawha.

2013

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

2015

In February 2015, Ormat Technologies Inc. acquired its parent company, Ormat Industries Ltd., in an all-stock merger.

2017

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

In 2017, Honduras first utility-scale geothermal facility the 35 MW Platanares power plant was commissioned for commercial operation.

Founded
1965
Company Founded
Headquarters
Reno, NV
Company Headquarter
Founders
Lucien Bronicki,Dita Bronicki
Company Founders

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