GREEN ENERGY you can depend on
Ormat Technologies, Inc.
U.S. Geothermal Development“The Reality of Today, and the Promise of
Tomorrow”
March 2007FP46g060118
GREEN ENERGY you can depend on
Statements in this presentation as well as oral statements made by the officers or directors of Ormat Technologies, Inc., its advisors, affiliates or subsidiaries often will contain “forward-looking statements.” Whenever you read or hear a statement that is not simply a statement of historical fact (such as when we describe what we “believe”, “expect” or “anticipate” will occur, and other similar statements), you must remember that our expectations may not be correct, even though we believe they are reasonable. You should read and listen to these statements completely and with the understanding that actual future results may be materially different from what we expect, as a result of certain risks and uncertainties. For a complete discussion of the risks and uncertainties relating to the forward-looking statements in this presentation, please see “Risk Factors” as described in our 2005 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 28, 2006 and the Prospectus Supplement filed with the Securities and Exchange Commission on April 5, 2006.We will not update these forward-looking statements, even though our situation will change in the future.
DisclaimerDisclaimer
GREEN ENERGY you can depend on
Table of ContentsTable of Contents
• Ormat • Ormat ORC Technology• Environmental Benefits• Emerging Technologies
– RMOTC/ TX– EGS– Plug & Play
• Summary
GREEN ENERGY you can depend on
ORMAT at a GlanceORMAT at a Glance• Vertically integrated alternative energy company
– With 40 Years of success – Ormat Technologies Inc. NYSE (ORA) listed
• Geothermal and recovered energy power plants and projects– Approx 300 Mw installed in the United States – Approx 850 MW of installed capacity worldwide
• Flexible business model in the energy industry – Develop, design, build, own, operate – Turnkey supply– Equipment sales – Finance
GREEN ENERGY you can depend on
Solar Powered ORC Water Pump – Mali 1966 High Reliability ORC Power Unit for Alyeska P/L 1976
5 MW Solar Pond Collects and Stores Energy - 19821 MW ORC Solar Thermal Project –Arizona 2006
OrmatOrmat –– 40 years of ORC technical innovation40 years of ORC technical innovation
GREEN ENERGY you can depend on
Innovative Technology Drives Exports40 years of ORC Technology Development40 years of ORC Technology Development
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Ormat Innovative Technology drives 80 U.S. vendors and subcontractors coast to coast, to emerging markets
Over 80 main suppliers
1984 1996
2000, 200520002005
800 kW OECWabuska, NV
125 MW Upper Mahiao Geothermal Power Plant Leyte, the Philippines
21 MW Burdette Geothermal Power Plant, NV
13 MW OkkariaGeothermal Power PlantNaivasha, Kenya
100 MW Mokai Geothermal Power PlantNew Zealand
Nationally and Internationally Recognized Leader in Geothermal
GREEN ENERGY you can depend on
60 MW Mokai Combined Geothermal Power Plant, New Zealand
2000
125 MW Upper Mahiao Combined Geo- Power Plant, Philippines
1996
57 MW Ormesa Binary Geothermal Complex, California
1987
20 MW Burdette Binary Geothermal Power Plant, Nevada
1994, 1998
2453
40 MW Heber Geothermal No. 2 Binary Power Plant, California,
1992
30 MW Puna Combined Geothermal Power Plant, Hawaii
1992
Ormat ORC TechnologyOrmat ORC Technology850 MW of Commercial Geothermal Power 850 MW of Commercial Geothermal Power
PlantsPlants
2006
GREEN ENERGY you can depend on
The Environmental ImpactThe Environmental Impact• One Megawatt of Geothermal Energy
will annually avoid(*):
– 8,666 tons of CO2 / MW – 36.6 tons of SO2 / MW– 12.5 tons of NOx / MW– 11,000 gallons of water / MW
(*) Off setting a coal-fired power plant at 38% efficiency*
Based on the International Energy Agency (IEA)
GREEN ENERGY you can depend on
OrmatOrmat’’ss Environmental ImpactEnvironmental Impact
• Ormat’s 800 MW of Geothermal Power around the world are annually avoiding:
– 6 million tons of CO2
– 2 million tons of Oil
– The equivalent fuel used by 800,000 cars
GREEN ENERGY you can depend on
Power Plant Technology Power Plant Technology ConsiderationsConsiderations
•• Successful geothermal power plants require Successful geothermal power plants require matching the geothermal resource with the optimum matching the geothermal resource with the optimum power plant.power plant.
•• Power generation factors are: (i) system simplicity; Power generation factors are: (i) system simplicity; (ii) maintenance requirements; (iii) reservoir (ii) maintenance requirements; (iii) reservoir management, (iv) environmental considerations, and management, (iv) environmental considerations, and (v) power plant reliability.(v) power plant reliability.
•• The optimum power cycle should allow injection of The optimum power cycle should allow injection of all of the geothermal fluid for long term reservoir all of the geothermal fluid for long term reservoir sustainability.sustainability.
GREEN ENERGY you can depend on
Binary Geothermal Power Plants
Combined Cycle Geothermal Power Plants
24 MW Zunil Geothermal Power Plant, Guatemala
30 MW PunaGeothermal Power Plant, Hawaii
Improving Project Viability by Matching Improving Project Viability by Matching the Geothermal Power Plant to the Resourcethe Geothermal Power Plant to the Resource
GREEN ENERGY you can depend on
The Promise of TomorrowThe Promise of Tomorrow
Emerging TechnologiesEmerging Technologies
GREEN ENERGY you can depend on
Field Proven, Low Temperature, Field Proven, Low Temperature, Ormat ORC Power PlantOrmat ORC Power Plant
• Collaborative R&D project with the Bureau of Reclamation and UTEP
• 70 kW Solar Pond
• ORC Power Unit at El Paso, Texas
• In operation from 1986 to 2002
• temperatures of 154ºF to 190ºF
GREEN ENERGY you can depend on
Oil and Gas CoOil and Gas Co--productionproduction• Ormat signed a shared-cost Cooperative Research
and Development Agreement (CRADA) with the US Department of Energy (DOE)
• Ormat will validate the feasibility of proven technology for the production of commercial electricity using hot water produced during the process of oilfield production.
• The project will be conducted at the DOE Rocky Mountain Oil Test Center (RMOTC), near Casper Wyoming, and will use an Ormat Organic RankineCycle (ORC) power generation system to produce commercial electricity.
GREEN ENERGY you can depend on
The Desert Peak Enhanced The Desert Peak Enhanced Geothermal SystemGeothermal System
• Collaborative R&D project:
• Ormat• Geothermex, Inc • University of Utah, Energy
& Geoscience Institute• University of Nevada
Reno• Cost Sharing with DOE
GREEN ENERGY you can depend on
Pre-Packaged Equipment Supply for Self ConstructPlug and Play On Site Geothermal PowerPlug and Play On Site Geothermal Power
First commercial geothermal application in Nevada. 800 kW OEC. with power supplied to Sierra Pacific Power Co.22 years of operation.
1984
800 MW Wabuska Geothermal Power Unit, Nevada.
Supplying local electrical power and energy for crop drying and cold storage since 1989.17 years of operation.
300 kW Egat Geothermal Power Plant, Thailand
1989
2004 2001 250 kW air-cooled geothermal CHP plant generating electrical power as well as district heating, by utilizing a low temperature geothermal resource. 5 years of operation
250 kW Geothermal Power Unit at Rogner Hotel & Spa,
Bad Blumau, Austria
Owner installed plant using Ormat supplied equipment, documentation and technical assistance.
1.8 MW Oserian Geothermal Power Plant in Naivasha, Kenya
Ormat supplied equipment for remote and rural applications
GREEN ENERGY you can depend on
On Site Power for Austrian EcoOn Site Power for Austrian Eco--Tourist ResortTourist Resort
250 kW OEC Power Plant Provides Power & Heat 250 kW OEC Power Plant Provides Power & Heat fromfrom 210210oo F Geothermal Fluid from Hot SpringF Geothermal Fluid from Hot Spring
Similar to the ORC power unit being supplied under the CRADA forinstallation at RMOTC Casper, Wyoming
GREEN ENERGY you can depend on
SummarySummary• Ormat’s success is a result of matching geothermal
resources with field proven, and time tested technologies.
• Ormat’s U.S. Geothermal generation has saved 2.5 million tons of CO2, 3,750 Tons of NOx, 3.3 million tons of H20
• Ormat is committed to innovation, and successfully implementing innovative technologies such as:• RMOTC / Oil & Gas• EGS• Plug & Play for onsite power