Our Story

  • Our Vision:

    Transforming Big Climate-Tech Ideas Into Real Businesses That Shape A Sustainable Future Through Strategic Investments And Partnerships

    Ormat New Ventures envisions itself as a driving force in the transformation of ambitious climate-tech ideas into tangible, scalable businesses. With a focus on supporting groundbreaking innovations, the company aims to foster the development of technologies crucial for addressing climate change, spanning areas such as renewable energy and carbon capture. By translating these big ideas into real businesses, the company aspires to play a pivotal role in shaping a sustainable future, prioritizing long-term solutions that contribute to environmental resilience and a reduced carbon footprint.

    Central to this vision is the commitment to strategic investments and partnerships. The company recognizes that sustainable progress requires more than just financial backing; it involves leveraging expertise, resources, and collaborative networks to ensure that investments align with broader sustainability goals. By actively engaging in partnerships with startups, established entities, and research institutions, Ormat New Ventures seeks to create a dynamic ecosystem where shared efforts accelerate the pace of positive change in the climate-tech landscape, ultimately contributing to a more sustainable and resilient global future.

  • Our Mission:

    Leverage Ormat's Unparalleled Resources To Empower Promising Climate-Tech Founders By Providing Strategic Investments And Support

    The mission of Ormat New Ventures is to harness the unparalleled resources of Ormat to empower visionary climate-tech founders. We are committed to providing strategic investments and unwavering support to catalyze the growth and success of promising ventures. By aligning our extensive expertise and resources with the innovative spirit of climate-tech entrepreneurs, we aim to accelerate the development and implementation of groundbreaking solutions.

    Through our strategic investments and vast experience, we aspire to not only fuel the growth of these ventures but also to contribute actively to the broader mission of creating a sustainable future. Our mission is rooted in the belief that by fostering collaboration, providing mentorship, and facilitating access to crucial resources, we can play a pivotal role in advancing transformative technologies that address the urgent challenges of climate change.

Core Values:

  • Sustainability

    Sustainability is central to how we invest and operate. We focus on technologies that reduce emissions, improve resource efficiency, and can be deployed at scale within real energy projects. For us, long-term environmental impact and long-term business value go hand in hand.

  • Professionalism

    We bring a disciplined, hands-on approach shaped by decades of building and operating energy assets. From diligence to post-investment work, we engage with founders as long-term partners, offering clear feedback, practical guidance, and high standards of execution.

  • Creativity

    We value founders who challenge conventional approaches and rethink how energy systems are built and operated. We are open to new technical paths and business models, especially where innovation can unlock projects that were previously not feasible.

  • Long-Term Thinking

    As part of Ormat, we invest with a long horizon. We look for technologies that can mature into durable businesses and become part of operating energy infrastructure, supporting projects that deliver value over decades rather than quick wins.

By Partnering with Ormat New Ventures, You Gain Access to a Vertically Integrated Support System

We combine capital with real-world energy capabilities: technical expertise, project development, and operating assets, to help startups test, validate, and deploy their technologies in practical settings. Our focus is on subsurface geothermal technologies, energy infrastructure, power generation, and adjacent systems where hands-on experience matters.

Sustainability is embedded in how we evaluate and support technologies: we focus on solutions that improve efficiency, reduce emissions, or enable cleaner and more reliable energy production in ways that make technical and commercial sense.

Through technical and commercial validation, pilots, and direct feedback from operators and engineers, we help founders understand what it takes for a technology to work in the field and scale into real projects.

Contact us to explore potential collaboration and assess strategic alignment:

Contact Us
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Glossary

This glossary will help you decode the most common terms, abbreviations, and frameworks in the climate tech industry.

  • Renewable Power

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    Energy derived from natural resources that replenish themselves over short periods of time, such as sunlight, wind, rain, tides, waves, and geothermal heat.

  • Geothermal Power

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    Energy generated by harnessing the heat from the Earth’s interior to produce electricity or heat buildings

  • Recovered Energy

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    Also known as waste energy recovery, it is the process of capturing and reusing heat or energy that would otherwise be lost from industrial processes, buildings, or transportation

  • Energy Storage

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    The capture of energy produced at one time for use at a later time, utilizing methods such as batteries, pumped hydroelectric storage, compressed air, and thermal storage to manage power supply and demand

  • Carbon Capture

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    The process of capturing carbon dioxide emissions from sources like power plants and industrial processes, to either store it underground or use it for other purposes, in order to reduce atmospheric greenhouse gas levels

  • Strategic Investments

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    Venture capital investments made with the goal of achieving specific business objectives, such as gaining competitive advantages, entering new markets, or accessing innovative technologies. More than once, strategic investments are strategic both to the company investing and the company invested in

  • Climate-Tech

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    Climate-tech encompasses technologies and innovations designed to address climate change by reducing greenhouse gas emissions and enhancing resilience to its impacts

  • Waste Heat Utilization

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    The process of capturing and repurposing excess heat from industrial or energy-generating processes for other applications, such as heating buildings or generating additional electricity

  • Subsurface Geothermal Technologies

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    The exploration and development of underground resources to harness geothermal energy for electricity generation and direct heating applications

  • Direct Air Capture

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    A technology that removes carbon dioxide directly from the atmosphere using chemical processes, allowing for the sequestration or utilization of the captured CO2 to mitigate climate change

  • CO2

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    Carbon dioxide, a colorless, odorless gas that is naturally present in Earth’s atmosphere and is a critical greenhouse gas contributing to global warming and climate change. When we mention CO2, we implicitly refer to all greenhouse gases, such as methane (CH4), Nitrous Oxide (N2O), and fluorinated gases

  • Clean Hydrogen

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    Clean hydrogen refers to hydrogen produced without fossil fuels, either through electrolysis powered by renewable energy or extracted from naturally occurring underground sources.