Ormat Powers Ahead with Geothermal Growth | Business and Finance News

Ormat Technologies is on fire, posting a 10% revenue surge in Q2 and boosting its full-year outlook—driven by explosive growth in energy storage (nearly tripled) and solid momentum across all segments. Their winning strategy blends long-term contracts with smart merchant exposure, fueled by new projects like Dominica’s geothermal plant and a major solar-storage acquisition. Innovation is key: they’ve unveiled their next-gen Ormega100 binary unit for large-scale geothermal—and are advancing enhanced geothermal systems toward field deployment. Strong operational results show up in rising gross profit and EBITDA, despite a minor net income dip from a project write-off. With expanding capacity, deep liquidity, and a pipeline of cutting-edge tech, Ormat is firmly positioning itself as a leader in the clean energy revolution. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6cceeb8517c3ddb4