ORA · Ormat Technologies, Inc.

RENO, Nev., Jan. 21, 2026 (GLOBE NEWSWIRE) - Ormat Technologies Inc. ( NYSE: ORA ) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced a $25 million equity investment in an over $97 million Series B funding round for Sage Geosystems Inc. (“Sage”), a pioneer in next-generation geothermal and energy storage technology. Ormat and Carbon Direct Capital co-led the Series B financing, which will support Sage in advancing its geothermal power generation and energy storage solutions, including the development of its first commercial next-generation geothermal facility. This investment represents an important milestone in Ormat’s strategy to expand its Enhanced Geothermal Systems (“EGS”) portfolio and capabilities. Combined with the previously announced commercial agreement between Ormat and Sage, this investment is anticipated to accelerate the deployment and commercialization of advanced geothermal technologies. Sage plans to pilot its proprietary

RENO, Nev., Jan. 15, 2026 (GLOBE NEWSWIRE) - Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced it has been awarded the Telaga Ranu Geothermal Working Area by the Government of Indonesia under the authority of the Ministry of Energy and Mineral Resources. The concession was awarded following a competitive tender process involving four qualified bidders and secures Ormat’s long-term rights to explore and develop the geothermal resource. This award strengthens Ormat’s development pipeline and supports the Company’s long-term growth strategy in Indonesia. The Telaga Ranu project is located in Halmahera, North Maluku, within Indonesia’s highest approved feed-in tariff zone, and is part of the Government of Indonesia’s energy transition program. The concession has the potential to support up to 40MW of baseload geothermal energy, as reflected in PT PLN (Persero)’s Electricity Supply Plan (RUPTL). Development

RENO, Nev., Jan. 14, 2026 (GLOBE NEWSWIRE) - Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy company, today announced that it plans to publish its fourth quarter and full year 2025 financial results in a press release that will be issued on Wednesday, February 25, 2026, after the market closes. In conjunction with this report, the Company has scheduled a conference call to discuss the results at 10:00 a.m. ET on Thursday, February 26, 2026. Participants within the United States and Canada, please dial 1-800-715-9871, approximately 15 minutes prior to the scheduled start of the call. If you are calling outside of the United States and Canada, please dial +1-646-307-1963. The access code for the call is 3818407. Please request the “Ormat Technologies, Inc. call” when prompted by the conference call operator. The conference call will also be accompanied by a webcast live on the Investor Relations section of the Company's website. A replay will be available

NEW GEOTHERMAL PPA WITH SWITCH ENHANCES THE ECONOMICS OF ORMAT’S SALT WELLS POWER PLANT RENO, Nev., Jan. 12, 2026 (GLOBE NEWSWIRE) - Ormat Technologies Inc. ( NYSE: ORA ) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a 20-year Power Purchase Agreement (PPA) with Switch, the premier provider of AI, cloud and enterprise data centers. This agreement represents Ormat’s first direct PPA with a data center operator, highlighting Ormat’s leading capabilities in geothermal energy production and the growing demand for sustainable energy solutions to serve the data center industry. Under the terms of the agreement, Switch will purchase approximately 13MW of clean, renewable energy from Ormat’s Salt Wells geothermal power plant located near Fallon, Nevada. As part of the agreement Ormat has the option to further expand the facility’s output to Switch by adding an approximately 7MW Solar PV facility, which will serve the

PROJECT OPERATES UNDER A LONG-TERM TOLLING AGREEMENT WITH SAN DIEGO COMMUNITY POWER ARROWLEAF EXPANDS ORMAT’S OPERATING PORTFOLIO TO APPROXIMATELY 1.7 GW HYBRID TAX EQUITY PARTNERSHIP TRANSACTION CLOSED IN DECEMBER RENO, Nev., Jan. 06, 2026 (GLOBE NEWSWIRE) - Ormat Technologies Inc. ( NYSE: ORA ) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the commencement of commercial operations of its Arrowleaf solar and battery energy storage project in California. Arrowleaf is Ormat’s first hybrid solar-plus-storage facility, marking a significant milestone in the Company’s development and strategic growth plans. The hybrid Arrowleaf facility has approximately 42MW of solar generation capacity and 35MW/140MWh of energy storage. The project operates under a long-term tolling agreement with San Diego Community Power, delivering clean, renewable, and affordable energy to nearly 1 million customers. The Arrowleaf