The geothermal energy developer, producer and technology supplier says second quarter revenue surged 24.9% to $100.2m, compared to $80.2m in the same 2008 period.

"During the quarter, we continued to make selective investments in land acquisition, which is fundamental to building a sustainable growth company with profitable results,” comments Dita Bronicki, chief executive of Ormat.

“Our strategy is to continue to invest in high potential land.