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8 Corporate Profile Ormat Technologies, Inc. is a publicly traded company listed on the New York Stock Exchange. Our shares trade under the symbol ORA and our corporate headquarters are in Reno, Nevada in the United States. As of December 31, 2013, Ormat continued to hold the position of second-largest geothermal power producer in the U.S. In addition, in 2013, Ormat supplied over 70% of all new geothermal power plants worldwide and with our order backlog, we expect to maintain this strong market share position in the near-term. We are confident that our strong track record positions us for continued growth and leadership in the global geothermal energy market. In 2013, Ormat generated 4.3 million MWh of electricity, a 7.9% increase over 2012 volumes and recorded revenues of $533.2 million, with net income of $41.2 million or $0.91 per share. For 2013 results Ormat distributed dividend of $6.3 million or 0.14 cent per share to our shareholders. Our Business At Ormat, we have created two business segments to organize and manage our activities: the electricity segment and product segment. Our electricity segment involves all activities associated with exploration, development, building, ownership and operation of our geothermal and Recovered Energy Generation (REG) power plants. Our company owns and operates 626 MW of installed generating capacity across 18 complexes and power plants in the US and in several other countries. Our biggest concentration of facilities is located in the US, (in the states of California and Nevada), and we also operate geothermal facilities in Guatemala and Kenya. Ormat’s product segment is involved in designing, manufacturing and selling equipment for geothermal and REG-based electricity generation, remote power units and other power generating units. It also provides services for the engineering, procurement, construction, operation and maintenance of such power plants. Ormat’s proprietary power plant technology is the solid base supporting both our electricity and product segments and each offers complementary advantages. Our product and engineering, procurement and construction (EPC) customers enjoy superior products, because we understand their needs from our own experience building, owning and operating our own power plants. Similarly, we apply the extensive experience we’ve gained through supplying over 100 different customer power plants to those in our worldwide fleet. Vertical Integration Involvement in all facets of the green energy value chain has been a key strategy for Ormat from the start. Ormat continues to be the only vertically integrated geothermal power company that plays a role in every stage of the energy development process – from geothermal exploration and development through manufacturing, ownership and operation of our geothermal facility fleet. We also design, manufacture and sell geothermal power units and other power-generating equipment and related services. Ormat currently holds over 77 U.S. patents protecting the proprietary innovation we’ve brought to the design of turbines, pumps, heat exchangers and the formulation of non-ozone depleting organic motive fluids. Ormat Technologies, Inc. 2012-2013 Sustainability Report The Dora 3 Unit 1 21 MW geothermal power plant was built by Ormat in Turkey in 2013 9PDF Image | Ormat Technologies
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