Ormat Technologies, Inc. operates as a holding company. The company is headquartered in Reno, Nevada and currently employs 1,480 full-time employees. The company went IPO on 2004-11-11. The firm owns and operates 28 geothermal, renewable energy certificate (REG) and solar sites globally with an aggregate generating capacity of 1,070 megawatts. The firm operates through three segments. Electricity segment develops, builds, owns and operates geothermal, solar Photovoltaic (PV) and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world and sells the electricity they generate. Product Segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation and provides services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment owns and operates grid connected In Front of the Meter (IFM) BESS facilities, which provide capacity, energy and ancillary services directly to the electric grid.