Ormat Technologies: Operational Expansion As A Critical Growth Lever!

Ormat Technologies has reported its financial performance for the third quarter of 2024, showcasing both strengths and challenges. The company’s adjusted EBITDA saw an increase of 16.3%, reaching $137.7 million, attributed to a growing operating portfolio and stable operational performance. The Electricity segment played a significant role, bolstered by the acquisition of assets from Enel and improved operations at the Puna facility. Additionally, significant progress in the Energy Storage division was noted, highlighted by new agreements in Texas and California, alongside the commercial operation of the Bottleneck project in California.