- Climate-related risks: insurance coverage, physical damage due to extreme weather events, disruptive technology/competition, water permits, public/stakeholder sentiment, and regulatory reporting requirements.
- Managing Scope 3 emissions across a complex global value chain.
Ormat Technologies, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Ormat Technologies, Inc. disclosed greenhouse gas emissions of 197.7K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 171.8K tCO2e/year; Scope 2: 25.9K tCO2e/year; Scope 3: 337.1K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
197.7K tCO2e/year (Scope 1 & 2)
2023
Renewable Energy
97%
of total energy
Water Usage
20.6M m3/year
2023
Waste
3.1K tons/year
2023
Energy Use
32.6M GJ/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 171.8K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 25.9K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 337.1K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 197.7K tCO2e/year (Scope 1 & 2) |
| 2022 | 191.2K tCO2e/year (Scope 1 & 2) |
| 2021 | 123.1K tCO2e/year |
| 2020 | 110.8K tCO2e/year |
| 2019 | 157.0K tCO2e/year (Scope 1 & 2) |
| 2014-2015 | 14.6K tons CO2e/year (Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 17% absolute reduction in Scope 1 and 2 GHG emissions compared with the 2019 baseline
- 2,212,508 tCO2e avoided emissions compared to local electricity grids
- 97% of electricity consumption in 2023 was from self-generated, sustainable energy
- 5% annual reduction in Scope 1 and 2 GHG emissions intensity (tCO2e/MWh) compared to 2019 baseline year
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maximize water recycling at all locations by 2025
📅 Medium-term
- Reach an energy storage portfolio of 700-800 MW by the end of 2026
🔭 Long-term
- Achieve 2.6-2.8 GW total operating capacity by the end of 2028
- 5% annual intensity reduction for Scope 1 & 2 emissions, compared to 2019 baseline
🌱 ESG Focus Areas
Climate ChangeDiversity, Equity, Inclusion, and Belonging (DEIB)Corporate GovernanceCommunity EngagementOccupational Health and Safety