Ormat Technologies
| Industry:renewable energies | ISIN:US6866881021 | Country:US | CRR:B- |
Company Profile:
The US company Ormat Technologies is principally active in the geothermal field. The company develops, owns and operates geothermal power plants and waste heat power plants. The company is the largest producer of geoenergy in the US and is also active in other countries including Israel, Kenya and Nicaragua.
Strengths/weaknesses profile:
Strengths:
oekom research's rating system classifies this company as a Potential. A prerequisite for recognition as a Potential is that a significant proportion of turnover be earned from sustainable products and services, in this case in the area of renewable energies.
Weaknesses:
Since potentials are generally small and medium-sized companies, their management structures for social and environmental issues are often less well developed.
Reasons for inclusion in the Index:
Ormat is heavily involved in the geothermal field and is the world leader in this type of technology. The company has introduced a certified environmental management system at all its sites.