This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ormat Technologies Inc. - Analyst/Investor Day

If you look at the 2 white columns, they are our cost without the impact of Brawley. If we actually take the impact of North Brawley away then you can see that the reduction in cost has been very steady, and again, very impressive. How have we done that? It's really 3 major elements. The first one is the strategy of developing scale both on a company level, on a corporate level, but especially on a regional level. Expanding operating plants by creating satellite facilities. Sometimes, if you expand an existing field, that's of course, it's a no-brainer in many ways. But even our development in Nevada, development in California and even the development of the heat recovery system, all of this has been done by creating centers of operations. Sometimes, people have to travel 30, 40, 50 miles from that center of operation, but using technology, we can actually leverage existing manpower into expanding generating capacity.

So this is the first element. It's development strategy of how we expanded our facilities. The other one is really leveraging technology, whether it's a technology that allows us to use less people for the same or to make more megawatts from the same number of people. But the other elements of technology are how to leverage things that we have learned on the performance of equipment, where do we need to improve equipment so that an issue that came up in one plant in Kenya is not only repaired in Kenya with upgraded

Equipment, but is also, we're also taking care of anywhere else in the fleet to prevent it from occurring and causing us downtime and costs.

And then, the third element is really leverage -- leverage the scale of the company either on the supply chain, buy smarter, buy cheaper. Or what has been more important is to find out areas where, yes, it's a small company or it's a standalone facility, it makes no sense to get those resources in place. You cannot control the resources and you have to buy them from somebody else. And to move into creating operating facilities or operating groups that provide shared services in areas that standalone facility or a small geothermal player just cannot afford to have.

5 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs