Ben Cowell's questions to Ormat Technologies Inc (ORA) leadership • Q1 2025
Question
Ben Cowell questioned Ormat's confidence in achieving its 2028 capacity targets amid variables like high PPA prices and energy storage uncertainty. He also requested further details on the announced management restructuring within the electricity segment.
Answer
Executive Doron Blachar affirmed confidence in the 2028 targets, citing a detailed internal plan for geothermal projects and new large-scale storage projects in Israel that provide a buffer against U.S. market uncertainty. Regarding the restructuring, he explained that the electricity segment's leadership is being split into two roles—one for operations and one for drilling/exploration—to better manage the growing asset base and intensify focus on exploration and EGS.