Ormat Technologies reported second-quarter 2026 results with total revenues of $258.8 million, a 10.6% increase year-over-year, driven by a 195.1% surge in Energy Storage revenue to $42.8 million and a 5.8% rise in Electricity segment revenue to $169.3 million. Net income attributable to stockholders was $27.1 million ($0.43 diluted EPS), down from $28.0 million ($0.46) in the prior year, primarily due to a $6.6 million write-off of storage projects. Adjusted EBITDA grew 6.9% to $143.9 million. The company raised its full-year 2026 revenue guidance to $1,150–$1,200 million and Adjusted EBITDA guidance to $630–$650 million. Ormat operates in the geothermal and renewable energy industry, owning and operating power plants while expanding into energy storage.

Ormat Technologies, Inc. reported the results of its 2026 Annual Meeting of Stockholders. Stockholders elected eight directors, approved executive compensation on an advisory basis with 47,012,094 votes in favor, and ratified the appointment of Kesselman & Kesselman as the independent registered public accounting firm with 51,202,458 votes in favor.