ORMAT TECHNOLOGIES, INC. — fact timeline

ORMAT TECHNOLOGIES, INC. shareholders approved Ratification of Appointment of Kesselman & Kesselman for 2025 at the 2026-12-31 meeting.

“Proposal 3 – Ratification of Appointment of Kesselman & Kesselman for 2025. The stockholders ratified the appointment of Kesselman & Kesselman, a member of PricewaterhouseCoopers International Limited, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. Votes For Votes Against Votes Abstained 51,202,458 92,147 83,935”

ORMAT TECHNOLOGIES, INC. shareholders approved Approval of the Compensation of our Named Executive Officers on an Advisory Basis.

“Proposal 2 – Approval of the Compensation of our Named Executive Officers on an Advisory Basis The stockholders approved, in a non-binding, advisory vote, the compensation paid to the Company’s named executive officers. Votes For Votes Against Votes Abstained Broker Non-Votes 47,012,094 3,103,710 55,778 1,206,958”

ORMAT TECHNOLOGIES, INC. shareholders approved Election of Directors.

“Proposal 1 - Election of Directors The stockholders elected the following eight individuals to the Board to serve as directors until the 2027 annual meeting of stockholders and until their successors have been duly elected and qualified or until the earlier of their death, resignation, retirement, disqualification or removal from office: Votes For Votes Against Votes Abstained Broker Non-Votes Isaac Angel 48,787,627 1,364,629 19,326 1,206,958 Ravit Barniv 49,900,416 251,992 19,174 1,206,958 Karin Corfee 49,796,002 357,102 18,478 1,206,958 David Granot 48,767,280 1,385,638 18,664 1,206,958 Michal Marom 47,481,759 2,670,000 19,823 1,206,958 Dafna Sharir 48,635,863 1,510,070 25,649 1,206,958 Stanley B. Stern 48,713,601 1,439,644 18,337 1,206,958 Byron G. Wong 49,896,718 255,572 19,292 1,206,958”

ORMAT TECHNOLOGIES, INC. reported the first quarter ended March 31, 2026 results: revenue 403.9, net income 44.1, EPS 0.71. Guidance reaffirmed.

“RESULTS Q1 2026 Q1 2025 Change (%) GAAP Measures Revenues ($ millions) Electricity 181.6 180.2 0.8 % Product 177.4 31.8 458.4 % Energy Storage 44.9 17.8 153.1 % Total Revenues 403.9 229.8 75.8 % Gross Profit 120.4 72.9 65.1 % Gross margin (%) Electricity 30.8 % 33.5 % Product 21.4 % 22.3 % Energy Storage & 59.1 % 30.6 % Gross margin (%) 29.8 % 31.7 %”

ORMAT TECHNOLOGIES, INC. incurred convertible notes of $1 billion aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 1.50% per year for Series A Notes; 0.00% for Series B Notes maturing March 15, 2031.

“On March 20, 2026, Ormat Technologies, Inc. (the "Company") completed its previously announced offering of $1 billion aggregate principal amount of convertible senior notes, consisting of (i) $825 million aggregate principal amount of 1.50% Series A Convertible Senior Notes due 2031 (the "Series A Notes") and (ii) $175 million aggregate principal amount of 0.00% Series B Convertible Senior Notes due 2031 (the "Series B Notes" and, together with the Series A Notes, the "Notes"), in each case, including the exercise in full of the initial purchasers' options to purchase an additional $100 million and $25 million of Series A Notes and Series B Notes, respectively.”

ORMAT TECHNOLOGIES, INC. entered into Series B Notes Indenture with U.S. Bank Trust Company, National Association valued at $1 billion aggregate principal amount of convertible senior notes (effective 2026-03-20).

“The Series B Notes were issued pursuant to an indenture, dated March 20, 2026 (the "Series B Notes Indenture" and, together with the Series A Indenture, the "Indentures"), between the Company and the Trustee.”

ORMAT TECHNOLOGIES, INC. entered into Series A Notes Indenture with U.S. Bank Trust Company, National Association valued at $1 billion aggregate principal amount of convertible senior notes (effective 2026-03-20).

“On March 20, 2026, Ormat Technologies, Inc. (the "Company") completed its previously announced offering of $1 billion aggregate principal amount of convertible senior notes”

Mike Nikkel departed as Director at ORMAT TECHNOLOGIES, INC..

“On March 11, 2025, Mike Nikkel, a member of the board of directors (the “Board”) of Ormat Technologies, Inc. (the “Company”), informed the Board that he would not stand for reelection at the 2025 annual meeting of stockholders (the “Annual Meeting”).”

ORMAT TECHNOLOGIES, INC.: Amendment to certificate of incorporation to limit liability of certain officers.

“The Company’s stockholders approved the Proposed Amendment at the Annual Meeting, which became effective upon the filing of the Fifth Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware.”

ORMAT TECHNOLOGIES, INC. shareholders approved Amendment and Restatement of the Company's 2018 Incentive Compensation Plan to Increase the Total Number of Shares Reserved Thereunder.

“Proposal 5 – Amendment and Restatement of the Company ’ s 2018 Incentive Compensation Plan to Increase the Total Number of Shares Reserved Thereunder. The stockholders approved an amendment and restatement of the Company’s 2018 Incentive Compensation Plan to increase the total number of shares reserved thereunder. Votes For Votes Against Votes Abstained Broker Non-Votes 40,700,111 13,336,561 24,060 860,147”

ORMAT TECHNOLOGIES, INC. shareholders approved Approval of Amendment to the Company's Fourth Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers.

“Proposal 4 – Approval of Amendment to the Company ’ s Fourth Amended and Restated Certificate of Incorporation to Limit the Liability of Certain Officers. The stockholders approved an amendment to the Certificate of Incorporation to limit the liability of certain officers. Votes For Votes Against Votes Abstained Broker Non-Votes 48,395,243 5,639,460 26,029 860,147”

ORMAT TECHNOLOGIES, INC. shareholders approved Ratification of Appointment of Kesselman & Kesselman for 2024 at the 2024-12-31 meeting.

“Proposal 3 – Ratification of Appointment of Kesselman & Kesselman for 2024. The stockholders ratified the appointment of Kesselman & Kesselman, a member of PricewaterhouseCoopers International Limited, as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024. Votes For Votes Against Votes Abstained 52,210,208 2,225,671 485,000”

ORMAT TECHNOLOGIES, INC. shareholders approved Approval of the Compensation of our Named Executive Officers on an Advisory Basis.

“Proposal 2 – Approval of the Compensation of our Named Executive Officers on an Advisory Basis The stockholders approved, in a non-binding, advisory vote, the compensation paid to the Company’s named executive officers. Votes For Votes Against Votes Abstained Broker Non-Votes 46,240,931 7,790,175 29,626 860,147”

ORMAT TECHNOLOGIES, INC. shareholders approved Election of Directors.

“Proposal 1 - Election of Directors The stockholders elected the following nine individuals to the Board to serve as directors until the 2025 annual meeting of stockholders and until their successors have been duly elected and qualified or until the earlier of their death, resignation, retirement, disqualification or removal from office:”

ORMAT TECHNOLOGIES, INC. reported first quarter ended March 31, 2024 results: revenue $224.2 million, net income $38.6 million, EPS $0.64. Guidance reaffirmed.

“Net income attributable to the Company’s stockholders for the first quarter was $38.6 million, an increase of 32.9% compared to last year. Diluted EPS for the first quarter was $0.64, an increase of 25.5% compared to the prior year period.”

ORMAT TECHNOLOGIES, INC. reported fourth quarter and year-end December 31, 2023 results: revenue $241.3 million for Q4 2023; $829.4 million for FY 2023, net income $35.7 million for Q4 2023; $124.4 million for FY 2023, EPS $0.59 diluted EPS for Q4 2023; $2.08 diluted EPS for FY 2023.

“On February 21, 2024 Ormat Technologies, Inc. (the "Registrant") reported its earnings for its fourth fiscal quarter and year-end December 31, 2023.”