Electricity was Ormat Technologies’s largest product and service line in fiscal 2025, bringing in $569.12M of $1.01B (56%).
| Product and Service | FY 2015 | FY 2016 | FY 2016 | FY 2016 | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity | $529.26M | $542.07M | $553.35M | $569.12M | ||||||||||||||||||||||
| Accounted For Under Asc 606 | $102.50M | $124.70M | $153.20M | $143.50M | ||||||||||||||||||||||
| Product | $71.41M | $133.76M | $139.66M | $216.69M | ||||||||||||||||||||||
| Energy Storage | $31.02M | $28.89M | $37.73M | $78.96M | ||||||||||||||||||||||
| Energy Storage & Management Services | — | — | — | — | ||||||||||||||||||||||
| Product & Service, Other | — | — | — | — | ||||||||||||||||||||||
| Total | $734.20M | $829.42M | $883.94M | $1.01B |
Ormat Technologies brought in $1.01B from its four product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 14.1% from $883.94M in fiscal 2024. Electricity was the largest at $569.12M (56.4%), ahead of Product at $216.69M (21.5%) and Accounted For Under Asc 606 at $143.50M (14.2%). The remaining line, Energy Storage, brought in $78.96M.
Compared with fiscal 2024, Energy Storage grew fastest, up 109.3% to $78.96M, while Accounted For Under Asc 606 fell the most, down 6.3% to $143.50M. From fiscal 2022 to 2025, combined revenue from these lines grew from $734.20M to $1.01B, a compound annual growth rate of 11.2%. Electricity's share of the total fell from 72.1% to 56.4%.
United States was Ormat Technologies’s largest region in fiscal 2025, bringing in $500.38M of $899.63M (56%).
| Geography | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Foreign Countries | — | — | $513.93M | — | |||||||||||||
| Non-Us | $435.83M | — | — | — | |||||||||||||
| North America | — | — | — | — | |||||||||||||
| United States | $31.02M | $473.32M | $37.73M | $500.38M | |||||||||||||
| Kenya | $105.84M | $109.22M | $114.07M | $117.42M | |||||||||||||
| Turkey | $1.96M | $2.47M | $3.01M | $5.15M | |||||||||||||
| Türkiye | — | — | — | — | |||||||||||||
| Dominica | — | — | — | $48.93M | |||||||||||||
| Latin America | — | — | — | — | |||||||||||||
| Pacific Rim | — | — | — | — | |||||||||||||
| New Zealand | $17.13M | $66.53M | $78.67M | $128.82M | |||||||||||||
| Europe | — | — | — | — | |||||||||||||
| Africa | — | — | — | — | |||||||||||||
| Other Foreign Countries | — | $52.89M | $59.69M | $40.78M | |||||||||||||
| Indonesia | $15.63M | $26.73M | $7.62M | $1.49M | |||||||||||||
| Honduras | $33.84M | $31.59M | $30.30M | $28.66M | |||||||||||||
| Guatemala | $28.83M | $30.17M | $28.96M | $28.01M | |||||||||||||
| Chile | $579.00K | — | — | — | |||||||||||||
| Far East | — | — | — | — | |||||||||||||
| Total | $670.66M | $792.92M | $873.97M | $899.63M |
Ormat Technologies brought in $899.63M from its nine regions in fiscal 2025, the year ended December 31, 2025. That is less than the $1.01B it reports by product and service, so these regions do not cover all of its revenue. United States was the largest at $500.38M (55.6%), ahead of New Zealand at $128.82M (14.3%) and Kenya at $117.42M (13.1%). The other six regions brought in $153.02M combined.
Compared with fiscal 2024, United States grew fastest, up 1,226.2% to $500.38M, while Other Foreign Countries fell the most, down 31.7% to $40.78M. Some of that change comes from Ormat Technologies regrouping its regions.
Ormat Technologies began breaking out Dominica in fiscal 2025, when it brought in $48.93M. Ormat Technologies stopped reporting Foreign Countries ($513.93M in fiscal 2024), Non-Us ($435.83M in fiscal 2022) and Chile ($579.00K in fiscal 2022) as separate regions.
Electricity was Ormat Technologies’s largest segment in fiscal 2025, bringing in $500.38M of $785.07M (64%).
| Statement Business Segments | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electricity | $446.00M | $473.32M | $510.65M | $500.38M | |||||||||||||
| Product | $71.41M | $126.15M | $130.69M | $205.73M | |||||||||||||
| Energy Storage | $31.02M | $28.89M | $37.73M | $78.96M | |||||||||||||
| Other Segments | — | — | — | — | |||||||||||||
| Total | $548.43M | $628.37M | $679.07M | $785.07M |
Ormat Technologies brought in $785.07M from its three segments in fiscal 2025, the year ended December 31, 2025. That is less than the $1.01B it reports by product and service, so these segments do not cover all of its revenue. Electricity was the largest at $500.38M (63.7%), ahead of Product at $205.73M (26.2%) and Energy Storage at $78.96M (10.1%).
Compared with fiscal 2024, Energy Storage grew fastest, up 109.3% to $78.96M, while Electricity fell the most, down 2.0% to $500.38M.
Ormat Technologies (ORA) reports its revenue by product and service, by geography and by statement business segments. In fiscal 2025, Electricity was its largest product and service line, bringing in $569.12M (56.4% of the total), followed by Product at $216.69M (21.5%).
Electricity was Ormat Technologies' largest product and service line in fiscal 2025, bringing in $569.12M, or 56.4% of the $1.01B total across its four product and service lines.
United States was Ormat Technologies' largest region in fiscal 2025, bringing in $500.38M, or 55.6% of the $899.63M total across its nine regions.
Electricity was Ormat Technologies' largest segment in fiscal 2025, bringing in $500.38M, or 63.7% of the $785.07M total across its three segments.
Among Ormat Technologies' product and service lines that make up at least 2% of revenue, Energy Storage grew fastest in fiscal 2025, up 109.3% from $37.73M to $78.96M.
Every figure comes from Ormat Technologies' annual financial filings, as reported. Each line keeps the name Ormat Technologies gives it, and years follow its fiscal calendar.
Ormat Technologies' revenue by product and service goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.