ORMAT'S SUSTAINABILITY MISSION

Ormat has been committed to sustainability from the start. Since 1965, it has propelled our mission, powered our projects and empowered our people.

As a leading provider of renewable energy to communities around the world, we’ve spent nearly six decades delivering sustainable, power-generating solutions.

 

We’re on a mission to generate power that makes a positive impact.

  • 431
    $431M
    Green convertible bonds
  • 2,212,508
    2,212,508 tCO2e
    Avoided emissions*
  • 44
    44%
    Female representation in our
    Board of Directors

* Compared to the local grid, just in 2022

OUR COMMITMENTS

At Ormat, we’ve been generating renewable energy for over 55 years and we’re proud of our role in the renewable energy transformation. We invest in innovative technologies and deliver sustainable power and energy solutions to customers around the world.

Join us on the path to a net zero future.

Maximize
WATER RECYCLING
at All Locations by 2025
5% Annual Intensity Reduction Target for
SCOPE 1 & 2 EMISSIONS
in 2023
Our Goal is to Reach Global Portfolio of
GENERATING CAPACITY
Portfolio of 2.6 to 2.8 GW by Year-End 2028

OUR IMPACT IN
FIGHTING CLIMATE CHANGE

We take a comprehensive approach to environmental management designed to ensure we are producing power in a sustainable manner.

  • 28%
    28%
    Reduction in GHG emissions intensity (tCO2e/MWh) compared with 2019 baseline
  • ~97%
    ~97%
    Electricity consumption from self-generated sustainable energy
  • 8%
    8%
    Increase in renewable energy production in 2023 vs. to 2022
*These data are based on information from 2022

our people

We recognize the importance of our people to our success and strive to foster a work environment that encourages individual growth, teamwork and innovation. We are dedicated to creating a workplace environment that is safe, diverse and inclusive.

  • 38%
    38%
    Women in executive management
  • 0.96
    0.96
    Total Recordable Incident Rate (TRIR)
  • 100%
    100%
    Of plant management are from local communities
  • 24.6
    24.6
    Training hours per employee

social impact

We’re making a difference for a brighter and more sustainable future. With operations around the world, we’re committed to positively impacting communities by giving back . In 2023, our community donations totaled more than 1.3 million USD in all our locations.

  • 1.1%
    1.1%
    of Ormat's Net Income Was Directed to Donations
  • 100+
    100+
    Community Scholarships
  • SUPPORTING STUDENTS WITH SCHOLARSHIPS AND SUPPLIES

    2022

    In Guatemala, we awarded 25 scholarships to local students, mostly to girls, and provided new backpacks and school supplies to children. Due to limited public transportation, we also provide transportation for students to school. In addition, we support a computer lab at a local school where students receive computer instruction from a designated teacher, and we have contributed to creating school yards and local playgrounds to enable safe play spaces after school.

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  • EMPOWERING WOMEN AND YOUTH THROUGH EDUCATION

    2022

    Students at ORT Ormat High School have an opportunity to work at the Ormat manufacturing facility as part of their professional training and receive hands-on guidance from employees. 

     

    For instance, students trained in the heat exchange department received certification as professional welders, enabling them to enter the workforce as experienced workers after graduation.
    Approximately 20% of manufacturing employees at the Yavne facility are graduates of ORT Ormat High School, including those who have been promoted to management positions and continued their academic studies in engineering, with the support of Ormat.

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  • PROMOTING Community HEALTH THROUGH LOCAL PARTNERSHIPS FOR SERVICES

    2022

    In Honduras, we continue our partnership with CAMO (Central American Medical Outreach), which provides medical services to local communities.

     

    In 2022, we partnered to provide a range of health services and goods to over 200 people, including dental care, ophthalmology care and glasses, hearing care and hearing aids, and women’s health care.

     

    We’re also partnering with the Honduran Health Ministry to rebuild and equip the Community Health Center of Azacualpa.

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  • SUPPORTING STUDENTS IN KENYA

    2022

    Many of the communities surrounding Ormat’s Olkaria III geothermal complex are remote and isolated. These rural locations limit access to quality education, with the most significant impact on girls. We sponsor students and supplement their tuition across educational levels, with a focus on supporting girl students.
    The program, which has been in place since 2003, continues to operate, and several graduates are currently employed at the local Ormat geothermal facility.

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  • CONTRIBUTING TO INFRASTRUCTURE IMPROVEMENT PROJECTS

    2022

    In the surrounding villages of the Orzunil geothermal power plant in Guatemala, we contributed to a wide range of infrastructure improvement projects in 2022 to support local community development.

     

    At the Ortitlan geothermal power plant, we work with the Orpacaya Trust to contribute to the development of the five surrounding communities. Activities include reforestation projects at local parks, the donation of materials to build a playground, as well as building materials for a school terrace, community park, and improvements to train tracks that connect two of the communities.

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  • ENGAGING WITH COMMUNITIES to develop entrepreneurs

    2022

    In Honduras, we work with the local municipality of La Unión on an entrepreneurship program that supports residents in establishing new sustainable businesses. In 2022, 20 new enterprises were created, and many of them were women-owned.
    The program celebrated its fifth year with a community-wide celebration attended by approximately 500 people, and many small businesses that were created through the program provided services and goods for the event, including logistics, decorations, food, and more.

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  • OFFERING FREE MOBILE CLINIC SERVICES TO LOCAL COMMUNITIES

    2022

    At the Orpower4 facility in Kenya, Ormat partners with the local Health Ministry to provide free mobile clinic services to local communities, where health centers may not be easily accessible. In addition, we donated hospital beds, handwashing stations, cleaning detergents, and other health supplies to a community clinic.

    In partnership with the Naivasha sub-county Health Management team, we sponsor integrated medical outreach programs for common ailments, ENT services, dental care, HIV/AIDS checkups, cancer screening, family planning services, and more.

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