July 10, 2008

Ormat Technologies, Inc. To Host Conference Call Announcing Second Quarter 2008 Earnings Results

RENO, Nev., July 10 /PRNewswire-FirstCall/ -- Ormat Technologies, Inc. plans to announce its second quarter 2008 earnings results in a press release that will be issued on Tuesday, August 5, 2008 after the market close. The Company has scheduled a conference call to discuss the results at 10:00 A.M. EDT on Wednesday, August 6, 2008.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO)

The conference call will be broadcast live as a listen-only webcast. To listen live, please go to http://www.ormat.com/ approximately twenty minutes before the conference call is scheduled to begin. You will need to register, and may need to download and install the required audio software. The webcast will be archived for 30 days following the call.

About Ormat Technologies

Ormat Technologies, Inc. is the only vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The company designs, develops, owns and operates geothermal and recovered energy-based power plants around the world. Additionally, the company designs, manufactures and sells geothermal and recovered energy power units and other power-generating equipment, and provides related services. The company has more than four decades of experience in the development of environmentally-sound power, primarily in geothermal and recovered-energy generation. Ormat products and systems are covered by more than 75 patents.

Ormat currently operates the following geothermal and recovered energy-based power plants: in the United States - Brady, Heber, Mammoth, Ormesa, Puna, Steamboat and OREG 1; in Guatemala - Zunil and Amatitlan; in Kenya - Olkaria; and in Nicaragua - Momotombo.

Ormat's Safe Harbor Statement

Information provided in this press release may contain statements relating to current expectations, estimates, forecasts and projections about future events that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to Ormat's plans, objectives and expectations for future operations and are based upon its management's current estimates and projections of future results or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, see "Risk Factors" as described in Ormat Technologies, Inc.'s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 5, 2008.

These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Ormat Technologies Contact:   Investor Relations Contact:    Dita Bronicki                 Todd Fromer / Marybeth Csaby    CEO                           KCSA Strategic Communications    775-356-9029                  212-896-1215 (Todd)/212-896-1236 (Marybeth)    [email protected]           [email protected]/[email protected]  

Photo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, [email protected]

Ormat Technologies, Inc.

CONTACT: Dita Bronicki, CEO of Ormat Technologies, Inc.,+1-775-356-9029, [email protected]; or investors, Todd Fromer,+1-212-896-1215, [email protected], or Marybeth Csaby, +1-212-896-1236,[email protected], both of KCSA Strategic Communications, for OrmatTechnologies, Inc.

Web site: http://www.ormat.com/