Ormat Technologies stock gains 1.72% since latest report

Ormat Technologies stock traded at 83.80 euros on Lang & Schwarz at 17:30 CET on Monday, November 9, 2026. That was 1.72 percent above the 82.38-euro quote in the previous report published on Friday, November 6, at 18:13 CET.

The underlying strategic development is Ormat's entry into Israel's utility-scale energy storage market. In a press release dated February 13, 2025, the company said it had won a tender issued by the Israeli Electricity Authority and secured two separate 15-year tolling agreements.

Storage contracts broaden the portfolio

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

The agreements mark Ormat's first major owned project in Israel and add contracted storage to a portfolio built around geothermal, recovered-energy and storage assets. The tolling structure is intended to provide longer-term revenue visibility, while the contracts include an option to move into the merchant market.

Permits remain the next milestone

Commercial operation is expected during 2028. Before construction can start, the partners must advance interconnection work and obtain the required land-use permits. The timetable therefore represents a development target rather than near-term revenue.

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