Ormat Technologies

Ormat Technologies's reported carbon emissions

Ormat Technologies, Inc., headquartered in the US and operating within the Electricity nec industry, has reported its greenhouse gas (GHG) emissions. In 2023, the company's total Scope 1 emissions were approximately 171,778,000 kg CO2e, and Scope 2 emissions were about 25,934,000 kg CO2e. Scope 3 emissions for the same year amounted to approximately 337,122,000 kg CO2e. For 2022, Ormat Technologies reported Scope 1 emissions of approximately 183,384,000 kg CO2e and Scope 2 emissions of about 24,906,000 kg CO2e. Scope 3 emissions were approximately 396,059,000 kg CO2e. The company's climate commitments include a long-term goal to achieve net-zero emissions by 2050, covering both Scope 1 and Scope 2 emissions. Furthermore, Ormat Technologies has set near-term targets for an annual reduction in GHG emissions intensity. Specifically, they aim for a 5% annual reduction in Scope 1 and 2 emissions intensity per MWh, benchmarked against their 2019 base year. This target was updated as of 2023. Earlier targets included a 5% reduction per revenue in Scope 1 and 2 emissions by the end of 2021, measured against 2019 levels.