December 15, 2014 | The Israeli company Ormat Technologies is expected to register to begin trading on the Tel Aviv Stock Exchange after it completes the merger with Ormat Industries. Ormat Industries is already registered on the TASE, but now Ormat Technologies will also be traded, separately, after the merger. The company reports to hope that the company will be listed on the Tel Aviv 25 Index. Ormat Technologies currently has a market cap of $1.2 billion, but it doesn’t have plans to raise capital in the current offering. Ormat was founded in 1965 by Chairman and CTO Lucien Bronicki and CEO Yehudit Bronicki.