Ormat Technologies stock advances storage strategy with Israeli deals

Ormat Technologies stock traded at 82.68 euros on Lang & Schwarz at 11:49 CET on Monday, November 9, 2026. The market context comes as investors assess the company’s expansion beyond geothermal generation.

Ormat Technologies said on February 13, 2025, that it had won a tender issued by the Israeli Electricity Authority and received two separate 15-year tolling agreements for energy storage facilities. The company announced the contracts in a company press release.

Storage contracts broaden Ormat portfolio

The two facilities are expected to have combined capacity of approximately 300 megawatts and 1,200 megawatt-hours. Ormat is developing the projects with Allied Infrastructure Ltd., with ownership split equally between the partners.

The partners were still advancing interconnection arrangements and land-use permits when the agreement was announced. Commercial operation was expected during 2028. The contracts also include an option to terminate the initial tolling arrangement and move to participation in the merchant market.

For Ormat, the agreements marked the company’s first major entry into Israel’s utility-scale energy storage market and its first owned project in Israel. Chief Executive Officer Doron Blachar said the long-term contracts were intended to add stability to margin performance while supporting the storage portfolio’s expansion.

Investors can follow the real-time quote of Ormat Technologies stock as the company develops its storage platform. The Israeli projects are planned for 2028, leaving permitting, interconnection and construction as key milestones before operations begin.

Broader risk appetite can be followed through the S&P 500 market reports.

Further updates can be found in More news and analyses on Ormat Technologies stock.