[3] In the late 1950s Lucien Bronicki worked in a government physics laboratory, where he developed a turbine to produce electricity from a range of energy sources, including solar; the process is known as the organic Rankine cycle, which he co-developed with Harry Zvi Tabor.

The firm obtained financial assistance from the Israeli government and raised capital from private investors to build one of the world's first solar-driven power stations.

[5] During the 1980s, the firm developed generation systems utilizing recovered energy, i.e. heat emitted during industrial processes.

[8] In 2004, Ormat Technologies, completed an initial public offering on the New York Stock Exchange raising $100 million.

[9] In 2006, the firm received for the first time, an order for to supply equipment for the geothermal power plant of Landau in Germany.

[citation needed] In June 2014, Dita Bronicki resigned from her position as CEO and was appointed to serve on the board of directors of Ormat Technologies.

In May 2017, the Japanese company Orix acquired the FIMI and Bronicki Investment Fund's share in Ormat for $627 million.

The firm has installed more than 900 MW of geothermal and recovered energy generation (REG) power units, based on this technology.

The firm's recovered energy technology was deployed in projects in Germany, Canada, India, USA, New Zealand[10] and Japan.

[citation needed] In the 1980s Ormat built and operated one of the world's first power stations to produce electricity from solar energy, located just north of the Dead Sea in Israel.

The process is claimed to be more efficient than other technologies as it includes gasification, which substantially reduces the requirement for natural gas, typically the largest input cost in an in-situ oil sands project.

Orad Hi-Tec Systems Ltd. develops video and real-time image processing technologies for TV broadcasting, Internet, production studio and sports events.