ORMAT TECHNOLOGIES, INC.

Ormat Technologies Inc. announced its plan to release second quarter financial results on Wednesday, August 5, 2026, after the market closes. Following the release, the company will host a conference call on Thursday, August 6, 2026, at 10:00 a.m. ET to discuss the results. Details for accessing the call and webcast replay were provided.

Ormat Technologies, Inc. announced the launch of Ormega100, a revolutionary new surface power generation unit designed for Enhanced Geothermal System (EGS) developments. This industry's largest binary unit delivers 100 MW of output in a single autonomous unit, engineered for high temperatures. The company is also advancing two strategic EGS pilot programs, leveraging its 60 years of experience and vertically integrated capabilities to meet rising electricity demand with reliable, baseload clean energy.

Ormat Technologies reported a significant increase in Q1 2026 total revenues, up 75.8% to $403.9 million, driven by strong product and energy storage segments. Net income attributable to stockholders rose to $44.1 million, or $0.71 diluted EPS. The company also completed a $1.0 billion offering of convertible senior notes, using proceeds to repurchase $285.9 million of existing notes and buy back $24.4 million in common stock. Additionally, Ormat acquired the Hoku solar and storage facility for $79.3 million and recognized $105.1 million in revenue from the sale of the TOPP2 power plant.

Ormat Technologies reported record first-quarter 2026 financial results, with total revenues increasing 75.8% year-over-year to $403.9 million and adjusted diluted EPS rising 91.2% to $1.30. The strong performance was driven by significant growth in the Energy Storage and Product segments, alongside strategic advancements in geothermal and energy storage. The company also strengthened its financial position with a $1 billion convertible notes offering and reiterated its full-year 2026 guidance.