Ormat Technologies
Ormat Technologies, Inc., a leading player in the renewable energy sector, is headquartered in the United States, with significant operations in regions such as Geothermal and Solar energy markets. Founded in 1965, Ormat has established itself as a pioneer in the development and operation of geothermal power plants, alongside its innovative energy storage solutions. The company’s core offerings include geothermal power generation, recovered energy generation, and energy storage systems, all designed to enhance energy efficiency and sustainability. Ormat's unique approach to harnessing geothermal resources sets it apart in the industry, contributing to its strong market position. With numerous milestones, including the successful deployment of geothermal projects worldwide, Ormat Technologies continues to drive advancements in clean energy, solidifying its reputation as a trusted leader in the renewable energy landscape.
DitchCarbon Score
How does Ormat Technologies's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ormat Technologies's score of 31 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Ormat Technologies's reported carbon emissions
In 2023, Ormat Technologies, headquartered in the US, reported total carbon emissions of approximately 197,712,000 kg CO2e. This figure includes 171,778,000 kg CO2e from Scope 1 emissions, 25,934,000 kg CO2e from Scope 2 emissions, and 337,122,000 kg CO2e from Scope 3 emissions. Over the years, Ormat has shown fluctuations in its emissions profile. For instance, in 2022, the company recorded total emissions of about 211,242,000 kg CO2e, with Scope 1 emissions at 183,384,000 kg CO2e and Scope 2 emissions at 24,906,000 kg CO2e. Notably, the Scope 3 emissions in 2022 were significantly high at approximately 2,209,290,000 kg CO2e, indicating a substantial impact from upstream and downstream activities. Despite these figures, Ormat has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect the company's current focus on operational efficiency rather than explicit climate goals. Overall, while Ormat Technologies has made strides in reporting its emissions, the absence of defined reduction targets suggests an opportunity for the company to enhance its climate commitments in line with industry standards.
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Get Started| 2011 | 2013 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,550,000 | 000,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 00,000,000 | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Ormat Technologies is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
