– USA, NV – Ormat Technologies, Inc. (NYSE: ORA) today announced the elections of Michal Marom and Karin Corfee to its Board of Directors, effective immediately, replacing Dan Falk and Albertus Bruggink, respectively.
“We are very pleased to announce the addition of Michal and Karin to Ormat’s Board of Directors and we look forward to the contributions that both directors will bring to Ormat. Michal brings significant board experience through her time serving as a director for publicly traded corporations, and Karin’s deep energy industry knowledge and advisory experience, particularly in the field of sustainability, will help guide Ormat as it continues to pursue its growth goals and emerge as the dominant renewable energy player in the United States. We would also like to thank both Dan Falk and Albertus Bruggink for their time as directors and their dedication to the ongoing success of Ormat. We remain excited for the future of our Company under the direction of the new members of the Board of Directors.” said CEO, Doron Blachar.
Ms. Marom will also join the Audit Committee as Chair and the Compensation Committee as a member.
About Michal Marom
Ms. Marom joins the Board having served in numerous senior executive leadership roles. Ms. Marom currently serves on the Board of Directors and the audit and compensation committees of several publicly traded companies in the U.S. and Israel. From 2011 to 2015, Ms. Marom served as CFO of Linkury Ltd., an Israeli high-tech company she co-founded. Ms. Marom is a Certified Public Accountant in Israel and acts as a consultant providing strategic advice on business models and financial transactions.
About Karin Corfee
Ms. Corfee brings to the Board over 30 years of experience in the energy industry. Ms. Corfee currently serves as VP, Professional & Advisory Services at Kevala LLC, a power grid analytics company, a position she has held since October 2021. Ms. Corfee is also the founder and CEO of KC Strategies LLC, a business consultancy firm specializing in climate and sustainability services, which she has held since the company’s founding in April 2021. Most recently, she served as Partner and Western Team Leader at Guidehouse from October 2019 to April 2021. Ms. Corfee served as MD and Leader of Clean Energy Programs and Sustainability at Navigant Consulting, Inc. Before Navigant, Ms. Corfee was VP and West Coast DSM Manager at KEMA Inc., a global energy consultancy company.
Ms. Corfee was nominated to Ormat’s Board of Directors by ORIX Corporation under its board nomination right under its previously disclosed agreement with the Company.
About Ormat Technologies, Inc.
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, with robust plans to accelerate long-term growth in the energy storage market and establish a leading position in the U.S. energy storage market. The Company 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. The Company has engineered, manufactured, and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,200 MW of gross capacity. In addition, Ormat is expanding its activity into energy storage services, solar Photovoltaic and solar PV plus energy storage. Ormat’s current total generating portfolio is 1.1 GW with 1,025 MW of geothermal and solar generation portfolio that is spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe, and an 83 MW energy storage portfolio that is located in the U.S.
For more information: https://www.ormat.com/en
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