Ormat targets doubling capacity by 2030; eyes EGS rollout
Ormat says it aims to double capacity and revenue by 2030, expand geothermal and storage products, and pioneer EGS with pilots targeting 1 GW by 2033–2035, citing strong financials and regulatory tailwinds.
Ormat said it is targeting to double capacity and revenue by 2030 as it expands its geothermal, storage and product segments. The company said it is pioneering enhanced geothermal systems, with pilots targeting 1 GW by 2033—2035. Ormat said robust financials, disciplined capital allocation and strong regulatory tailwinds support its growth outlook, and that EGS is poised to transform long-term development.