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Ormat Technologies Is Scaling Geothermal and Energy Storage — The Quiet Powerhouse Behind the Clean Energy Shift! – 

Ormat Technologies reported revenue growth of approximately 12.5% in 2025, reaching about $990 million, while adjusted EBITDA increased 5.7 percent to $582 million. The improvement was largely driven by strong performance in the Product and Energy Storage segments, while the Electricity segment experienced mixed operating conditions. Energy storage facilities benefited from elevated energy rates in the PJM market and higher operational availability, allowing the company to capture favorable pricing conditions. The Product segment also recorded significant growth supported by backlog execution and project progress in manufacturing and construction. These factors helped offset operational headwinds in the core electricity generation business. Despite revenue expansion, profitability indicators showed mixed dynamics. Gross profit for the full year remained roughly flat at $272.7 million, while gross margins declined compared with the previous year.