Ormat Technologies (ORA) Proxy filing summary

Executive summary

• Achieved significant operational milestones in 2025, including new geothermal, solar, and energy storage projects in the U.S. and internationally, and celebrated 60 years of operations.

• Expanded global presence with new PPAs, acquisitions, and strategic partnerships, including agreements in Indonesia, Israel, and with major corporations like Google and Switch.

• Maintained a strong financial position with $990M in 2025 revenues, 12.5% year-over-year revenue growth, and a diversified portfolio of 1.8GW across geothermal, solar, and storage.

• Continued investment in innovation and next-generation geothermal technologies through collaborations with SLB and Sage Geosystems.

• Focused on employee development, diversity, and community engagement, with 27% women in VP-level positions and 50% female board representation.

Voting matters and shareholder proposals

• Shareholders are asked to vote on: (1) election of eight directors, (2) advisory vote on executive compensation, and (3) ratification of PwC as independent auditor.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eight independent directors with diverse backgrounds and expertise in energy, finance, sustainability, and international business.

• Board committees include Audit, Compensation, Nominating & Corporate Governance, Investment, and Sustainability, all composed of independent directors.

• Board refreshment policy limits tenure to 15 years and ensures diversity, with at least two female directors at all times.

• Annual board and committee evaluations are conducted, and executive sessions are held regularly without management present.