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 34 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ormat Technologies's reported carbon emissions
In 2023, Ormat Technologies, headquartered in the US, reported total greenhouse gas emissions of approximately 197,712,000 kg CO2e, which includes Scope 1 emissions of about 171,778,000 kg CO2e, Scope 2 emissions of approximately 25,934,000 kg CO2e, and Scope 3 emissions of around 337,122,000 kg CO2e. This data reflects a comprehensive disclosure of their emissions across all relevant scopes. Ormat has set ambitious climate commitments, aiming for a 5% annual reduction in Scope 1 and 2 greenhouse gas emissions intensity (measured in tCO2e/MWh) compared to a 2019 baseline, with a target completion year of 2023. Additionally, the company has committed to achieving net zero emissions by 2050, a goal that encompasses both Scope 1 and Scope 2 emissions. The company’s emissions data and reduction targets are not cascaded from any parent organisation, indicating that the figures are independently reported by Ormat Technologies, Inc. This commitment to transparency and accountability in emissions reporting aligns with industry standards and reflects a proactive approach to climate change mitigation.
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| 2011 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| 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 |
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 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.
