GlobeNewswire Inc | Jan 27, 2021 07:37AM EST

January 27, 2021

RENO, Nev., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced today that it plans to announce its fourth quarter and year-end 2020 financial results in a press release that will be issued on Wednesday, February 24, 2021, after the market closes. The Company has scheduled a conference call to discuss its results and growth expectations at 9 a.m. ET on Thursday, February 25, 2021.

To participate, please dial 1-877-511-6790 approximately 15 minutes prior to the scheduled start of the call. If calling outside of the United States and Canada, please dial 1-412-902-4141. Please request the Ormat Technologies, Inc. call when prompted by the conference call operator. The conference call will also be webcast live from the Investor Relations section of the Company's website.

A replay will be available one hour after the end of the conference call. To access the replay from United states, please dial 1-877-344-7529, or from outside of the United States 1-412-317-0088 and use the replay conference ID number 10151868. The webcast will also be archived on the Investor Relations section of the Company's website.

ABOUT ORMAT TECHNOLOGIES

With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation (REG), with the objective of becoming a leading global provider of renewable energy. Ormat owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter a power generation unit that converts low-, medium- and high-temperature heat into electricity. With 68 U.S. patents, Ormats power solutions have been refined and perfected under the most grueling environmental conditions. Ormat has 578 employees in the United States and 830 overseas. Ormats flexible, modular solutions for geothermal power and REG are ideal for vast range of resource characteristics. Ormat has engineered, manufactured and constructed power plants, which it either currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. Ormats current 933 MW generating portfolio is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe. Ormat leveraged its core capabilities and global presence, together with the energy storage expertise of its subsidiary, Viridity Energy Solutions Inc., to expand its operations to provide energy storage and energy management solutions.

Ormat Technologies Contact: Investor Relations Agency Contact:Smadar Lavi Rob FinkVP Corporate Finance and Head of InvestorRelations FNK IR

775-356-9029 (ext. 65726) 646-809-4048

slavi@ormat.com rob@fnkir.com