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Electricity from Other Sources
US
updated 4 days ago

Ormat Technologies

Company website

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.

41

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.

24

Industry Benchmark

Ormat Technologies's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Ormat Technologies's reported carbon emissions

In 2023, Ormat Technologies, headquartered in the US, reported total carbon emissions of approximately 171,778,000 kg CO2e for Scope 1, 25,934,000 kg CO2e for Scope 2, and 337,122,000 kg CO2e for Scope 3, resulting in a combined total of about 534,834,000 kg CO2e. This reflects a significant commitment to transparency in emissions reporting across all three scopes. Ormat has set ambitious climate targets, aiming for net zero emissions by 2050. This long-term goal applies to both Scope 1 and Scope 2 emissions. Additionally, the company has established a near-term target of a 5% annual reduction in GHG emissions intensity for Scope 1 and 2, measured against a 2019 baseline, with the target period running from 2019 to 2023. In previous years, Ormat's emissions have shown variability, with 2022 emissions recorded at approximately 2,406,577,000 kg CO2e, indicating a need for ongoing efforts to reduce their carbon footprint. The company is actively working towards these reduction initiatives, demonstrating a commitment to sustainability and climate responsibility.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2011201820192020202120222023
Scope 1
6,550,000
00,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
Scope 2
-
0,000,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
-
-
0,000,000
0,000,000
0,000,000
0,000,000,000
000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Ormat Technologies's primary industry is Electricity nec, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Ormat Technologies is in US, which has a low grid carbon intensity relative to other regions.

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 participating in some of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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