Ormat Technologies, Inc.

Good morning and welcome to the Arma Technologies second quarter 2026 earnings conference call. All participants will be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. If you would like to ask a question during this time, just press star followed by the number one on your telephone keypad. And if you would like to withdraw your question, press star one again. Please note that this event is being recorded. I would like to turn the conference over to Josh Carroll with Alpha IR. Please go ahead.

Thank you, operator. Hosting the call today are Doron Blachar, Chief Executive Officer, Ozzie Ginzburg, Chief Financial Officer, and Smadar Lavi, Vice President of Investor Relations and ESG Planning and Reporting. Before beginning, we would like to remind you that the information provided during this call may contain forward-looking statements relating to current expectations, estimates, forecasts, and projections about future events that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally relate to the company's plans, objectives, and expectations for future operations and are based on management's current estimates and projections, future results, or trends. Actual future results may differ materially from those projected as a result of certain risks and uncertainties. For a discussion of such risks and uncertainties, please see risk factors as described in ORMAC Technologies and Report on Form 10-K and Core Reports on Form 10-Q that are filed with the SEC. In addition, during the call, the company will present non-GAAP financial measures such as adjusted EBITDA, reconciliations to the most directly comparable GAAP measures and management's reasons for presenting such information, and set forth in the press release that was issued last night, as well as in the slides posted on the website. Because these measures are not calculated in accordance with GAAP, they should not be considered in isolation from the financial statements prepared in accordance with GAAP. Before I turn the call over to management, I'd like to remind everyone that a slide presentation accompanying this call may be accessed on the company's website at ormat.com, under the presentation link that's found on the investor relations tab. With all that said, I would now like to turn the call over to Ormat CEO, Doron Blachar.

Doron? Thank you, Josh. Good morning, everyone, and thank you for joining us today. Let me begin with the key highlights from the second quarter, starting on slide four. The first half of 2026 reflects accelerating momentum across all three business segments. Second quarter revenue increased 10.6%, gross profit increased 20.8%, and adjusted EBITDA increased 6.9% compared with the prior year period. On the strength of these results, we are raising our full-year revenue and adjusted EBITDA guidance. In our electricity segment, Blue Mountain's contribution, stronger performance at Olkaria and Puna, and lower cartelment in the United States drove continued growth. In energy storage segment, revenue nearly tripled year-over-year, supported by new capacity additions, high asset availability, and favorable merchant pricing in PJM. Taking together, these results demonstrate the strength and balance of our three-segment model and the returns available when long-term contracted revenues are paired with selective merchant exposure. On the development side, we added 155 MW to our generating portfolio since the beginning of the year, including the Hucos Solar and Storage Acquisition, the Shirk Storage Facility, and the commencement of commercial operation at our 10 MW Dominica geothermal power plant. On the EGS front, we advanced both the SLB and SAGE pilot program toward field execution and introduced Omega 100, our new 100 megawatt binary unit designed for large-scale conventional geothermal and EGS applications, both of which I will discuss in more detail shortly. I will now turn the call over to Asi to review our financial results. Asi?