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 87% 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. The company did not disclose any Scope 3 emissions for this year. Over the years, Ormat has shown fluctuations in its emissions. For instance, in 2022, the total emissions were about 211,242,000 kg CO2e, with Scope 1 emissions at 191,221,000 kg CO2e and Scope 2 at 20,021,000 kg CO2e. In 2021, the total emissions were approximately 195,385,000 kg CO2e, indicating a slight decrease in emissions in 2023 compared to previous years. Despite these figures, Ormat has not set specific reduction targets or initiatives as part of its climate commitments, nor has it engaged with the Science Based Targets initiative (SBTi) for formal reduction targets. The absence of documented reduction initiatives suggests a need for enhanced climate action strategies within the company. Overall, while Ormat Technologies has made progress in managing its emissions, the lack of formal reduction commitments highlights an area for potential improvement in its climate strategy.
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Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
