Geothermal energy provider Ormat has secured a major power purchase agreement to supply Google with up to 150 megawatts of carbon-free electricity from new Nevada-based projects by 2030.

Key Points

• Ormat will provide Google with 150 megawatts of geothermal power, with Nevada regulatory approval expected in late 2024.
• The company is expanding its global capacity from 1.85 gigawatts to a target of 2.8 gigawatts by 2028.
• Enhanced geothermal pilots are currently underway in partnership with Sage Geosystems and SLB, with expected completion in 2027.
• Ormat reported $662.7 million in revenue for the first half of 2026, representing a 43% increase over the previous period.
• Unlike intermittent solar or wind, geothermal provides continuous, reliable power essential for the 24/7 operational demands of large-scale data centers.

Why it Matters

This agreement highlights the growing trend of major technology firms securing long-term, reliable energy sources to support the massive power requirements of artificial intelligence infrastructure. By prioritizing geothermal energy, companies like Google are establishing a blueprint for grid stability that contrasts with the regulatory and supply constraints currently hindering similar projects in Europe.