About Ormat
Ormat is a company based in United States founded in 1965.. The company has 1,510 employees as of December 31, 2024. Ormat has completed 2 acquisitions, including USGeothermal and Viridity Energy. Ormat offers products and services including Potatoes and Grain Marketing.
- Headquarter United States
- Employees 1510 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ormat Technologies, Inc.
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Annual Revenue
$879.65 M6.06as on Dec 31, 2024
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Net Profit
$123.73 M-0.54as on Dec 31, 2024
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EBITDA
$454.24 M12.85as on Dec 31, 2024
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Latest Funding Round
$375 M (USD), Post-IPO
Jun 21, 2022
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Investors
Northleaf
& 3 more
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Employee Count
1510
as on Dec 31, 2024
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Investments & Acquisitions
USGeothermal
& 1 more
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IPO & Listings of Ormat
Ormat is a publicly listed company on the NYSE with ticker symbol ORA in USA, operating in the Utilities sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ormat
Ormat offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Potatoes are farmed and sold for food and industrial uses by Maine Potato Growers.
Grains are promoted and distributed from farms by Maine Potato Growers.
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Software Development Team
34 people
Leadership Team
18 people
Finance and Accounting
11 people
Product Management Team
10 people
Creative and Marketing Team
10 people
Operations Team
9 people
Human Resources and Administration
7 people
Senior Team
7 people
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Funding Insights of Ormat
- Total Funding Total Funding
- Total Rounds 15
- Last Round Post-IPO — $375.0M
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First Round
First Round
(27 Sep 2005)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Post-IPO - Ormat | Valuation |
investors |
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| Jul, 2017 | Amount | Post-IPO - Ormat | Valuation |
investors |
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| Nov, 2016 | Amount | Debt – Conventional - Ormat | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ormat
Ormat has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Northleaf, ORIX and FIMI Opportunity Funds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private fund focused on equity, secondary market, fund of funds, and multiple investments
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Founded Year | Domain | Location | |
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Growth equity is provided to industrial sector companies by FIMI.
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Founded Year | Domain | Location | |
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Provider of financial services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ormat
Ormat has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include USGeothermal and Viridity Energy. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Demand side management by online software
|
2008 | ||||
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Corrugated boxes and packaging solutions are manufactured for diverse needs.
|
2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ormat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ormat Comparisons
Competitors of Ormat
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ormat
Frequently Asked Questions about Ormat
When was Ormat founded?
Ormat was founded in 1965 and raised its 1st funding round 40 years after it was founded.
Where is Ormat located?
Ormat is headquartered in United States.
How many employees does Ormat have?
As of Dec 31, 2024, the latest employee count at Ormat is 1,510.
What is the annual revenue of Ormat?
Annual revenue of Ormat is $879.65M as on Dec 31, 2024.
What does Ormat do?
Ormat was founded in 1965 in the United States, where operations in the renewable energy sector have been established. Geothermal power generation equipment and systems are developed and produced by the company for global deployment. Services include engineering, construction, and maintenance of power plants, with a focus on sustainable energy solutions across various geographies. The domain ormat.com serves as the primary online presence for these activities.
What products or services does Ormat offer?
Ormat offers Potatoes and Grain Marketing.
Is Ormat publicly traded?
Yes, Ormat is publicly traded on NYSE under the ticker symbol ORA.
How many acquisitions has Ormat made?
Ormat has made 2 acquisitions, including USGeothermal, and Viridity Energy.
Who are Ormat's investors?
Ormat has 4 investors. Key investors include Northleaf, ORIX, FIMI Opportunity Funds, and OSTI.GOV.
What is Ormat's ticker symbol?
The ticker symbol of Ormat is ORA on NYSE.