Ormat Technologies stock extends storage pipeline with Israel contracts

Published on 11/13/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ormat Technologies stock is expanding its contracted storage pipeline through two Israeli projects. The assets are aimed at commercial operation in 2028.

Storage projects broaden Ormat's pipeline

The Israeli facilities are being developed in a 50-50 partnership with Allied Infrastructure.
Interconnection work and land-use permits remain key steps before construction can begin.
The tolling agreements include an option to move into the merchant market.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies announced on February 13, 2025, that it had won an Israeli Electricity Authority tender for two energy storage facilities. The company said in its press release that the awards cover separate 15-year tolling agreements.

Contracted storage adds longer-term scope

The facilities are planned with combined capacity of approximately 300 megawatts and 1,200 megawatt-hours. Ormat is developing them with Allied Infrastructure Ltd. under an equal ownership structure, marking the partnership's first major entry into Israel's utility-scale storage market.

Commercial operation is expected during 2028. The partners were still advancing grid interconnection and land-use permits when Ormat announced the agreements, so construction and approvals remain important milestones before the projects can contribute to operating results.

Portfolio stability remains the aim

Ormat said the long-term contracts are intended to support portfolio profitability and provide greater stability for margin performance as the company expands its energy storage business. The agreements also include an option to terminate the initial tolling structure and move to the merchant market, giving the partners an alternative commercial route.

For investors, the projects add contracted storage exposure but represent a longer-dated development opportunity rather than an immediate earnings driver. Their eventual contribution will depend on permitting, interconnection, construction and operating performance.

Ormat Technologies stock traded at 81.75 euros on Lang & Schwarz at 12:05 CET on Friday, November 13, 2026.