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 44 is higher than 90% 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 reported total carbon emissions of approximately 171,778,000 kg CO2e for Scope 1, 25,934,000 kg CO2e for Scope 2, and a significant 337,122,000 kg CO2e for Scope 3 emissions. The combined total for Scope 1 and 2 emissions was about 197,712,000 kg CO2e. This data reflects a commitment to transparency in their emissions reporting, covering all relevant scopes. Ormat has set ambitious reduction targets, aiming for a 5% annual intensity reduction in Scope 1 and 2 emissions compared to a 2019 baseline, with the target period running from 2019 to 2023. Additionally, the company has committed to achieving net zero emissions by 2050 for both Scope 1 and Scope 2 emissions, demonstrating a long-term commitment to climate action. The company’s emissions intensity for Scope 1 and 2 combined was reported at approximately 27,000 kg CO2e per MWh of electricity generated in 2023. This figure indicates the company's ongoing efforts to improve efficiency and reduce its carbon footprint in the energy sector. Overall, Ormat Technologies is actively working towards significant emissions reductions while maintaining transparency in its climate commitments, aligning with industry standards for sustainability and environmental responsibility.
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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 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.
