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Ormat Technologies, Inc. 2012-2013 Sustainability Report Community Investment and Stakeholder Involvement Listening, Learning and Leading Everyday Ormat interacts with hundreds of diverse stakeholders. Our employees, customers, shareholders, utilities, regulatory and governing authorities, lenders, scientists and local community members residing near our power plants are all important audiences in our stakeholder community. Wherever we operate, Ormat strives to create positive, long-term relationships. We achieve this by creating opportunities to listen carefully to what our stakeholders tell us about the way our company interacts and operates. We have established policies and protocols to guide all stakeholder interaction and strive to ensure that we conduct these efforts in a manner that is timely, transparent and respectful. At Ormat, we believe it is a fundamental part of our corporate social responsibility commitment to be an active participant in the communities in which we operate our power plants. An important principle that guides this participation is the recognition that wherever we operate worldwide we want the communities we interact with to benefit from our presence and to be better after we leave. We also believe communities have the right to know how we operate to ensure that our employees, the public and the environment are protected. We recognize that every part of our connection with stakeholders - from initial consultation when planning a development, through the lifecycle of a facility and the ultimate conclusion of its operations - is important. That’s why Ormat maintains an active stakeholder contact program using numerous tools to stay in touch with our constituents.They include: • Website - www.ormat.com We let communities know how our power plants are operating and what our plans are for future development, through regularly posted updates; • Community Relations We maintain a proactive community relations program to promote participation in economic development initiatives, support for Chambers of Commerce and other community-based organizations; • Civic Engagement Ormat’s employees are actively engaged in a variety of local boards and committees, contributing their time and ideas to initiatives that aim for improved environmental, health and social outcomes; • Open Doors We regularly open our doors to the different stakeholders by conducting facility tours. We also communicate using e-mail, phone calls, conferences, Shareholder meetings, Analyst Days and face-to-face meetings; • Buying Locally Policy Ormat advocates the purchase of goods and services from local suppliers and vendors, whenever quality and pricing are consistent with non-local supplier offerings. In the United States Education continues to be the overarching focus of Ormat’s community investment programming. As a company involved in pioneering geothermal technology development, Ormat recognizes how vital it is to encourage and support opportunities for scientific education and a deeper understanding of geothermal energy resources. We view the engagement of our employees in educational endeavors as a valuable investment in the future of the geothermal industry and welcome opportunities to mentor students, share our expertise, host students for tours of our facilities and contribute to the development of geothermal training curriculum. We partner and participate in a wide-ranging array of educational initiatives with many leading institutions, including University of Nevada Reno (UNR), The Great Basin Centre for Geothermal Energy, The University of Nevada, Las Vegas, The Desert Research Institute, National Geothermal Academy, University of Nevada, Reno, Truckee Meadows Community College, The Colorado School of Mines, The Colorado Energy Research Institute, The University of Utah, The Massachusetts Institute of Technology Energy Initiative and the University of Colorado – Boulder Renewable and Sustainable Energy Institute. Enhanced Geothermal Systems Boosting Power Output In 2013, Ormat, the U.S. Department of Energy (DOE) and GeothermEx successfully demonstrated the positive impacts of an enhanced Geothermal System (EGS) project at Ormat’s Desert Peak 2 geothermal power plant in the Brady complex, Churchill County, Nevada. Through the application of innovative subsurface technologies, the research and development team was able to stimulate an existing sub-commercial injection well, which resulted in a 38% increase in power output from the brine. To date, the project has attracted $5.4 million in direct DOE funding, $2.6 million in investment from Ormat and has involved more than four years of collaboration with partners who include the Lawrence Berkeley National Laboratory, U.S. Geological Survey, Sandia National Laboratory, University of Utah EGI, Temple University, MIL- TECH, BESTEC and TerraTek. It is through continued collaboration with researchers at leading universities that initiatives of this kind are advancing understanding of geothermal resources and building the foundation for future growth of this renewable resource. 26 A tour of Ormat’s Steamboat geothermal complex in NV, USA Who Are Ormat’s Stakeholders? Shareholders who own Ormat stock Customers Utilities we sell who buy equipment and the power build power we generate plants for Lenders who lend to invest in power plants we develop Residents and Business Owners who live or operate near our power plants Employees of Ormat worldwide Local Government Officials at municipal, state and federal levels Environmental Regulators who develop policy and enforce regulations Scientific Researchers in the field of geothermal and energy research 27PDF Image | Ormat Technologies
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