Ormat Technologies reported a solid third quarter in 2025, with revenues up 17.9%, driven by robust performance in both the Energy Storage and Product segments, and announced an increase in revenue and adjusted EBITDA guidance for the year.
- Total revenue reached $249.7 million, a 17.9% year-over-year increase.
- Operating income rose by 13.3%, while net income attributable to stockholders increased by 9.3%.
- Significant milestones included a 25-year PPA extension for the Heber 1 facility and two exploration licenses in Indonesia, enhancing regional presence.
- Energy Storage segment revenues surged 108% to $20.4 million, driven by successful facility commissions.
- Adjusted EBITDA grew to $138.4 million, reflecting ongoing improvements despite some headwinds in tax benefit sales.
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