Ormat

Mr. Lucien Bronicki founded Ormat about 47 years ago in 1965. Ormat develops sustainable energy solutions primarily Geo-thermal energy solutions. Mr. Lucien Bronicki who spoke with us regarding Ormat believes that there are two types of companies. One type of company does one thing and one thing only, that company puts all eggs in one basket. Other type of company is one which does many things and none of them well. According to him, Ormat takes a middle approach, the company focusses on two things at the same time and if one fails then it goes with the second option. When asked about the future of Geo-thermal eneregy in the energy industry, Mr. Bronicki suggested that the Geo-thermal energy had a niche market because the limited heat lines across the globe.

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