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 80% 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 reported total carbon emissions of approximately 197,712,000 kg CO2e, comprising 171,778,000 kg CO2e from Scope 1 and 25,934,000 kg CO2e from Scope 2 emissions. Notably, Scope 3 emissions were recorded at about 337,122,000 kg CO2e, indicating a significant impact from their value chain activities. Over the years, Ormat has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has consistently reported emissions across all three scopes, highlighting its awareness of the broader environmental impact of its operations. In 2022, total emissions were approximately 211,242,000 kg CO2e, with Scope 1 emissions at 183,384,000 kg CO2e and Scope 2 at 24,906,000 kg CO2e. This indicates a slight decrease in Scope 1 emissions in 2023 compared to the previous year, reflecting ongoing efforts to manage and mitigate emissions. Ormat's emissions intensity, measured in relation to power generation, was reported at 27,000 kg CO2e per MWh in 2023, showcasing the company's focus on improving efficiency in its operations. While no specific reduction targets have been set, Ormat's ongoing monitoring and reporting of emissions demonstrate a commitment to transparency and accountability in addressing climate change.
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| 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.
