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Reno, NV, USA · Public (NYSE: ORA) · ormat.com
Builds and operates binary geothermal plants; also battery storage
US MW derived from the plant table in Ormat's 10-K
Open roles
—
no public job board
Federal awards
$26M
10 grants, contracts, loans
Last private raise
—
no Form D on file
SEC filings
42
latest 2026-11-05
Coming up
POLICY45Y / 48E: all other clean power and storage
Full credit for projects beginning construction through 2033; 75% for 2034 starts, 50% for 2035, none from 2036. Affects Geothermal.
+ THESISFUNDING · DIXIE VALLEY EGSGrant: US Department of Energy (EGS field tests)$25M
Announced · Up to $25M, subject to award negotiations
finviz.com →+ THESISPROJECT · DIXIE VALLEY EGSSelected for up to $25M of DOE EGS field-test funding
Dixie Valley, Churchill County, NV
finviz.com →+ THESISOFFTAKE · NEVADA PORTFOLIO FOR GOOGLEUp to 150 MW portfolio PPA signed
Nevada (multiple sites)
investor.ormat.com →+ THESISOFFTAKE · NEVADA PORTFOLIO FOR GOOGLEPortfolio PPA signed with NV Energy for up to 150 MW for Google; PUCN decision expected 2H 2026
Nevada (multiple sites)
investor.ormat.com →+ THESISFEDERAL AWARDDepartment of Energy grant$5.3M
Comparative analysis of three sequential near-field well stimulations at three operating geothermal fields in nevada
usaspending.gov →+ THESISFEDERAL AWARDDepartment of Energy grant$8.1M
Recovery act: conducting a 3d converted shear wave project to reduce exploration risk at wister, ca
usaspending.gov →+ THESISFEDERAL AWARDDepartment of Energy grant$474K
Tas::89 0331::tas recovery recovery act: blind geothermal system exploration in active volcanic environments
usaspending.gov →+ THESISFEDERAL AWARDDepartment of Energy grant$1.4M
Tas::89 0331::tas recovery recovery act: merging high resolution geophysical and geochemical surveys to reduce exploration risk at glass buttes, o
usaspending.gov →+ THESISFEDERAL AWARDDepartment of Energy grant$2.7M
Feasibility of egs development at bradys hot springs, nevada
usaspending.gov →+ THESISFEDERAL AWARDDepartment of Energy grant$4.2M
Feasibility of egs development at bradys hot springs, nevada
usaspending.gov →+ THESISPublic $25MPrivate $0incl. $25M conditional or pending
Money behind this company's projects. Company-wide raises are listed but not counted in totals.
Sources: company job boards (daily), SEC EDGAR, USAspending.gov, and the reviewed technology spreadsheets. Public records only cover US entities, so foreign companies and private firms that don't file will show gaps.
How it works
Wells tap natural underground reservoirs of hot water and steam. It runs the turbine at the surface, then the cooled water goes back down a second well to keep the reservoir going.
OPEN IN 3D →Read from SEC 8-Ks (bankruptcy, default, delisting, restatement, impairment, restructuring), cash runway in annual reports, Form D raises and the 30-day hiring trend. A prompt to look closer, not a credit rating.
No public job board on Greenhouse, Lever or Ashby, so hiring isn't tracked for this company yet.
| Fiscal year end | 2021-12 | 2022-12 | 2023-12 | 2024-12 | 2025-12 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Net income | $62M | $66M | $124M | $124M | $124M |
| Cash | $239M | $96M | $196M | $94M | $147M |
| R&D spend | $4.1M | $5.1M | $7.2M | $6.5M | $6.3M |
Matched recipient: ORMAT TECHNOLOGIES, INC; ORMAT NEVADA INC.
STEP 2/5 · SECURE Next-gen geothermal gets bankable offtakeLong-term contracts let developers raise project debt.
Critical inputs
Policy that applies
No minerals, policies or partners linked yet. Add them in the review spreadsheet.