Doron Blachar

Chief Executive Officer, Ormat

Search every verified Doron Blachar interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Doron Blachar, Chief Executive Officer of Ormat Technologies, spoke at the company’s 2026 Investor and Analyst Day on September 8, 2026. He discussed the changing electricity market and the opportunities it presents for scaling the company’s electricity segment, emphasizing the potential for capturing additional value. Blachar also addressed the company’s financial outlook, noting that while power purchase agreement (PPA) prices may normalize by 2030, Ormat is targeting a 70% EBITDA margin for storage and a 75% EBITDA margin for electricity. He clarified that, as a U.S. GAAP reporter, the company does not include investment tax credit (ITC) income in its EBITDA or operating margin calculations, and that including it would raise those figures. Blachar highlighted Ormat’s focus on developing projects on private land, citing faster permitting and the availability of water rights as advantages. He described plans to work with landowners on "powered land" arrangements to attract data centers through behind-the-meter transactions. Regarding enhanced geothermal systems (EGS), Blachar stated that Ormat drilled its first EGS well 20 years ago without success due to technological and cost limitations. He noted the company has since invested in Sage and signed an agreement with SLB roughly a year and a half ago, describing Ormat’s ongoing monitoring and investment in EGS technology as an evolution of its long-term efforts. He characterized the current period as an inflection point for the company, with the potential for growth exceeding past performance if EGS proves successful.