ORMAT TECHNOLOGIES, INC. Q3 2025 EARNINGS CALL FINANCIAL PERFORMANCE AND STRATEGIC UPDATES SAFE HARBOR STATEMENT AND NON-GAAP METRICS THIS PRESENTATION INCLUDES FORWARD-LOOKING STATEMENTS, AND THE DISCLAIMER SHOULD BE READ CAREFULLY FORWARD-LOOKING STATEMENTS This presentation, and information provided during any discussion accompanying this presentation, may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve estimates, e ...

Core Insights - Clean Energy Technologies, Inc. (CETY) has announced a strategic collaboration with Qymera Global Energy Ltd. (QGE) to advance the DeepFyre geothermal power system, aimed at providing scalable, cost-efficient, zero-emission baseload power for island nations and emerging markets [1][2] Company Overview - CETY is a leader in clean energy and waste-heat recovery solutions, focusing on eco-friendly energy solutions and alternative electric power for small and mid-sized projects across North America, Europe, and Asia [5] - The company specializes in Waste Heat Recovery Solutions and Waste to Energy Solutions, utilizing patented technologies to generate electricity with zero emissions [5] Collaboration Details - The partnership integrates CETY's heat-to-power and Organic Rankine Cycle (ORC) systems with Qymera's DeepFyre geothermal platform, which features advanced resin-based casings to enhance heat transfer and reduce drilling complexity [2][3] - The collaboration aims to deploy modular geothermal units ranging from 5 MW to 50 MW, significantly reducing capital costs and accelerating the time to power [2][3] Market Potential - The global geothermal market is valued at approximately $8.75 billion in 2024 and is projected to grow to over $12 billion by 2033, with a compound annual growth rate (CAGR) of 4.2% [3] - Despite this growth, geothermal energy currently accounts for less than 0.5% of global electricity generation, indicating significant untapped potential [3] Targeted Projects - The CETY-Qymera collaboration will initially focus on pilot projects in the Caribbean and Central America, with plans for larger installations in Southeast Asia and Africa [4] - Each deployment is expected to reduce drilling costs by up to 30% and shorten project development time by nearly half, providing reliable renewable energy for both traditional grids and digital-energy infrastructures [4]

Government Shutdown Impact - Air traffic controller staffing shortages due to government shutdowns create unsafe conditions and ground stops [6][7] - Government shutdowns affect the Low Income Home Energy Assistance Program (LIHEAP), impacting families' ability to heat homes [28][29] - Speaker needs to call the House back into session [1] Energy Policy and Industrial Policy - The US should pursue a bipartisan industrial policy focused on American energy dominance, including control over rare earth supply chains [17] - Focus on American energy, not crony capitalism, is needed [20][21] - Need next-generation geothermal, nuclear, offshore wind, and hydro for energy independence [30] - The president arbitrarily canceled offshore wind permits [10][26] US-China Relations and Technology - China gained leverage over the United States due to trade issues [16] - The president is trying to give the US government equity in equipping China to leapfrog the US in AI inference [19] - The United States should focus on its own competitiveness in science and technology, including doubling the NIH and NSF budget [22][23][24] Social Programs - SNAP (Supplemental Nutrition Assistance Program) is a program for children, with two-thirds of recipients being families with children [8][9] - Illegally withholding SNAP funds is callous and cruel [9] - States are stepping up to patch holes in SNAP benefits, but they cannot cover the full gap [10][11]

Next-Generation Geothermal Looks For Its Wind And Solar Moment https://t.co/DLKRlz2gyp ...

Industry Trend - US geothermal companies are significantly investing in federal land leases [1]

Industry Trend - Geothermal energy startups like Fervo Energy and Sage Geosystems are securing significant agreements [1] - These deals are facilitating the wider commercial application of geothermal technology [1]

Core Insights - Ormat Technologies Inc. has successfully commenced commercial operations at its Lower Rio energy storage facility, a 60MW/120MWh Battery Energy Storage System located in Texas, under a seven-year tolling agreement [1][2][3] - The company has entered a Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. to monetize the 40% Investment Tax Credit (ITC) for the Lower Rio project, resulting in approximately $25 million in proceeds [2][3] - With the addition of the Lower Rio facility, Ormat's total capacity in the U.S. now stands at 350MW/778MWh, contributing to its strategic growth in the energy storage segment [2][4] Company Overview - Ormat Technologies is a leading geothermal and renewable energy company with over six decades of experience, focusing on geothermal and recovered energy generation [4] - The company operates a total generating portfolio of 1,618MW, which includes 1,268MW from geothermal and solar generation across various countries, and a 350MW energy storage portfolio in the U.S. [4] - Ormat aims to establish a leading position in the U.S. energy storage market, leveraging its core capabilities in geothermal and REG industries [4]

Project Overview - First Gen (菲律宾能源公司) 和 Sinar Mas (印尼金光集团) 将在印度尼西亚开发超过 20 亿美元的地热项目 [1] Industry Focus - 该项目属于地热能源领域，表明对可再生能源的投资和发展 [1]

Core Insights - Core Laboratories Inc. (CLB) has underperformed in the oilfield services sector, with a stock decline of 28.4% over the past six months, contrasting with a 2.4% gain in the broader energy sector and a 7.7% decline in the Oil & Gas Field Services sub-industry [1][7] - Despite the decline, investor interest remains due to perceived undervaluation, prompting a closer examination of the factors influencing CLB's stock performance [3] Strategic Expansion - CLB is strategically expanding its operations in high-growth international markets, particularly in the Middle East, exemplified by the opening of a new Unconventional Core Analysis Laboratory in Dammam, Saudi Arabia, which enhances its partnership with Saudi Aramco [4][5] - The company is aligning its growth strategy with regional energy priorities and local content initiatives, similar to peers like TechnipFMC and Baker Hughes [5] Financial Position - The company has strengthened its balance sheet by reducing net debt by $9.1 million in the second quarter, achieving a leverage ratio of 1.27, the lowest in eight years [8] - CLB's conservative financial management provides resilience and strategic options compared to more capital-intensive peers [8] Diversification and Growth - CLB is diversifying into adjacent markets such as carbon capture and geothermal energy, utilizing its core expertise to create new revenue streams [9] - The company is leveraging its proprietary technologies for projects in Colombia and North America, indicating a proactive approach to energy transition [9] Macroeconomic Outlook - Management maintains a positive long-term outlook, anticipating global oil demand growth of 700,000 to 1.3 million barrels per day for 2025 and beyond, which will necessitate increased investment in international offshore developments [10] - This trend is expected to benefit CLB's global Reservoir Description services, aligning with the strategies of other major players in the sector [10] Operational Efficiency - CLB improved its operating margins by 160 basis points to 11% in the second quarter, driven by a 5% revenue increase, showcasing effective cost management [11] - Enhanced manufacturing efficiency contributed to better profitability despite cost pressures [11] Challenges and Risks - Tariffs on certain raw materials used in U.S. manufacturing pose cost pressures, although most services are not directly affected [12] - A sequential decline in demand for high-margin diagnostic services in the U.S. highlights volatility in this key service line [13] - The company faces ongoing softness in the U.S. onshore market, which could hinder growth and profitability [14] - CLB's revenue is dependent on clients' geological success rates, which has seen a noticeable decrease, impacting anticipated growth [15] Conclusion - CLB is strategically expanding and diversifying while maintaining a strong financial position and improving operational efficiency. However, challenges such as tariff-related costs, demand volatility, and dependence on client success rates create a mixed outlook for near-term performance [17]

Untapped Geothermal Energy Sources - Subways and underground garages represent potential untapped sources of geothermal energy [1] Renewable Energy - The industry should explore the feasibility of utilizing these underground structures for sustainable energy solutions [1]