Ormat Technologies Strengthens Market Position Through Strategic Investments

Ahead of its fiscal 2025 financial report, Ormat Technologies is making significant strategic moves to bolster its future growth. The renewable energy specialist is enhancing its market standing through targeted investments in new technologies and by securing long-term offtake agreements for its power generation.

• Strategic Stake: A $25 million investment in Sage Geosystems.
• International Growth: Awarded a new geothermal concession in Indonesia.
• Contract Security: A 25-year extension for a key California power plant takes effect.

The company has fortified its revenue visibility with a major contract renewal in the United States. An agreement with the Southern California Public Power Authority has been extended by 25 years, ensuring the delivery of 52 MW from the Heber 1 facility through 2052. This guarantees long-term power supply for large-scale customers, including the Los Angeles Department of Water and Power.

Concurrently, Ormat is expanding its international project portfolio. The company has secured the concession for the Telaga Ranu geothermal area in Indonesia, marking progress in a key market for the global energy transition.

Advancing Next-Generation Technology

In a push to commercialize advanced geothermal systems, Ormat recently participated in a $97 million funding round for Sage Geosystems, contributing $25 million. This partnership aims to accelerate the development of next-generation geothermal plants and innovative energy storage solutions.

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The collaboration's first commercial project, designed to extract thermal energy from hot, dry rock, is planned for an existing Ormat site. This move underscores the company's active role in bringing cutting-edge geothermal methods to market.

Financial Results and Investor Communication Ahead

The impact of these strategic initiatives on Ormat's financials will become clearer in the coming weeks. The company is scheduled to release its fourth-quarter and full-year 2025 results after the U.S. market closes on Wednesday, February 25, 2026.

Management will then host a conference call for analysts and investors at 4:00 PM CET on Thursday, February 26, 2026. This call will provide detailed insights into the company's operational performance and its outlook for the current fiscal year.