StoryCommercial
Ormat reports H1 2026 energy storage revenue surges 172% to $87.7 million
Ormat Technologies' energy storage revenues nearly tripled year-over-year in H1 2026, driven by capacity expansion, high asset availability and strong merchant pricing opportunities in power markets.
- H1 2026 energy storage revenue: $87.7 million, up 172% from $32.2 million in H1 2025.
- Q2 2026 storage revenue was $42.8 million, representing a 195% increase versus Q2 2025.
- Total H1 2026 revenue across all segments reached $662.7 million, up 42.9% year-over-year.
- Growth was driven by capacity expansion and ability to capture merchant opportunities during favorable pricing periods.