Ormat Technologies ( (ORA) ) has released its Q2 earnings. Here is a breakdown of the information Ormat Technologies presented to its investors.
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Ormat Technologies, Inc., a prominent player in the renewable energy sector, specializes in geothermal and recovered energy generation, with a focus on expanding its footprint in the energy storage market. The company recently reported its financial results for the second quarter of 2025, showcasing a 26.1% increase in net income and a 6.7% rise in adjusted EBITDA, driven by strong performance in its Product and Energy Storage segments. Despite a slight decline in electricity revenues due to planned maintenance and curtailments, Ormat’s total revenues grew by 9.9% compared to the previous year. The company also completed the acquisition of the Blue Mountain geothermal power plant and secured $300 million in funding to support future development projects. Looking ahead, Ormat remains optimistic about its growth prospects, supported by favorable regulatory developments and increasing demand for renewable energy solutions.