Ormat Technologies is a vertically integrated geothermal and renewable energy company whose strategic venture capital arm, Ormat New Ventures, invests in climate-tech and energy hardware startups building novel geothermal, clean energy, and energy storage technologies. The venture arm partners with founders developing technologies that can be integrated into real-world energy projects.
33% of their portfolio is in Climate & Energy. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-b (44% of deals). Average disclosed round size is $52.4M (across 8 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Series B
Last 12 Mo
2
Team
Byron G. Wong
Director
Dafna Sharir
Director
David Granot
Director
Karin Corfee
Director
Michal Marom
Director
Stanley B. Stern
Lead Director
Daniel Moelk
EVP Subsurface, Wells & NextGen
Portfolio Breakdown
Stage Distribution
Investment Activity
Portfolio
Top Co-Investors
Last updated: 7 October 2026