Ormat Technologies, Inc., together with its subsidiaries, operates in the geothermal and recovered energy power business. The company operates in two segments, Electricity and Products. The Electricity segment develops, builds, owns, and operates geothermal power plants, and sells electricity primarily in the United States, Guatemala, Kenya, Nicaragua, and the Philippines. The Products segment designs, manufactures, and sells power units for geothermal power plants power units for recovered energy-based power generation and remote power units and other generators, including fossil fuel powered turbo-generators, as well as heavy duty direct current generators. Ormat Technologies offers these products to contractors and geothermal plant owners and operators interstate natural gas pipeline owners and operators gas processing plant owners and operators cement plant owners and operators and contractors installing gas pipelines. In addition, this segment provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy power plants. The company was founded in 1965 and is based in Sparks, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries, Ltd.
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