Israeli geothermal energy company Ormat is soaking up excess energy from an oil field in Wyoming. One of the most interesting of the US Recovery Act geothermal funding recipients – it received $4.5 Million – is Ormat Industries, the Israel-based vertically integrated geothermal energy and waste heat recovery specialist. Working with the US Department of […]
A slow recovery in the global cleantech sector has left many Israeli companies without VC funding and media coverage, while BrightSource Energy and Ormat Technologies continue to thrive. The decrease in VC investments in cleantech companies over the past year and in particular Q3 is raising questions about the cleantech industry’s recovery. According to NASDAQ, […]
Non drip tomatoes, latest Dead Sea trouble, Ormat in the US and more headlines related to Israeli cleantech and the environment. Israel’s government is getting serious about ending global oil dependency by 2020. Ormat Technologies has secured funding for geothermal plants and Eilat-Eilot has been chosen to by the Ministry of Industry, Trade and Labor […]
Ormat plans to harvest more power from the depths of the earth with additional funding from the US Dept. of Treasury. Despite failing to meet market expectations when its Q2 results were presented in August, the geothermal power company Ormat Technologies managed to secure an additional $108 million funding, according to the Israeli business daily […]
Despite low 2nd quarter earnings, Ormat has secured $350 million in loan guarantees to develop renewable, geothermal energy plants Israeli-founded geothermal power company Ormat Technologies (NYSE: ORA) failed to meet the market’s expectations when the company presented its results for Q2: a $1.5 million loss was reported, resulting in a $0.03 loss per share. Most […]
Appearing on CNBC, serial entrepreneur Jon Medved mentions the thousand or so clean tech start-ups in Israel. He’s also talking about the tried tested and true clean tech companies: In geothermal energy, the largest in the world is Israel’s Ormat (ORA) which trades on the NASDAQ. Medved discusses the solar companies Solel and BrightSource. Solel […]