ORA · Ormat Technologies, Inc.

Summary

Ormat Technologies announced a long-term geothermal Power Purchase Agreement (PPA) with NV Energy for up to 150 MW to support Google’s data center operations in Nevada, enabled through NV Energy’s Clean Transition Tariff and subject to PUCN approval expected in the second half of 2026. The portfolio PPA supports development of multiple new geothermal projects coming online from 2028 to 2030 with a 15-year term from the final project’s commercial operations.

Key takeaways

• Signed long-term geothermal portfolio PPA with NV Energy for up to 150 MW
• PPA supports Google’s data center operations in Nevada
• Enabled by NV Energy’s Clean Transition Tariff (CTT)
• Subject to PUCN approval expected H2 2026
• Projects to come online 2028-2030
• Contract term: 15 years from final project’s commercial operations