Ormat Announces Analyst and Investor Day on September 26, 2017

RENO, Nev., Sept. 18, 2017 -- Ormat Technologies, Inc. (NYSE:ORA) (the “Company”), today announced that it will host an Analyst and Investor Day, from 9 a.m. to 12:30 p.m. (ET) on Tuesday, September 26, 2017 in New York City.

Isaac Angel, Ormat’s Chief Executive Officer, will lead the discussion around the Company’s key strategies, the status of key initiatives, and Ormat’s market opportunity. Additional presentations will be made by key members of Ormat’s senior team including:

• Doron Blachar, Chief Financial Officer;
• Bob Sullivan, Executive Vice President Business Development, Sales and Marketing; and,
• Raj Chudgar, President of Viridity Energy Solutions Inc., an Ormat Company

Ormat’s team will also be available for a question and answer sessions.

Mr. Todd Freeland, Co-Head of Energy and Eco Services of ORIX Corporation (TSE:8591); (NYSE:IX), and the new appointed chairman of Ormat Board of Directors will present at the event and provide introduction to ORIX, as well as his perspective on the cooperation agreement with Ormat.

Space for the event is limited. Analysts and institutional investors that are interested in attending are encouraged to contact Rob Fink of Hayden IR at [email protected] or 646.415.8972.

The live webcast and the presentation materials will be available at www.ormat.com under News & Events in the Investor Relations section of Ormat's website.

ABOUT ORMAT TECHNOLOGIES

With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (REG), with the objective of becoming a leading global provider of renewable energy. The company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter – a power generation unit that converts low-, medium- and high-temperature heat into electricity. With 73 U.S. patents, Ormat’s power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has 530 employees in the United States and 720 overseas. Ormat’s flexible, modular solutions for geothermal power and REG are ideal for the vast range of resource characteristics. The company has engineered, manufactured and constructed power plants, which it currently owns or has installed to utilities and developers worldwide, totaling over 2,200 MW of gross capacity. Ormat’s current 727 MW generating portfolio is spread globally in the U.S., Guatemala, Guadeloupe, Indonesia and Kenya. Ormat also intends to expand its operations and provide energy management and energy storage solutions, by leveraging its core capabilities and global presence as well as through its Viridity Energy Solutions, Inc. subsidiary, a Philadelphia-based company with nearly a decade of expertise and leadership in demand response, energy management and storage.

ORMAT’S SAFE HARBOR STATEMENT

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2017.

These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Ormat Technologies Contact:
Smadar Lavi
Head of Investor Relations
775-356-9029 (ext. 65726)
[email protected]                            

Investor Relations Agency Contact:
Rob Fink/Brett Maas
Hayden - IR
646-415-8972/646-536-7331
[email protected] / [email protected]