Deals Counterparts

Google and Fervo Energy expand geothermal collaboration

Supply Agreement Geothermal announced USA Feb 18, 2026
115 MW
Capacity
development
Stage

Fervo and Google expanded their collaboration, signing an agreement to supply an additional 115 megawatts of power to the grid.

Deal Analysis

Google and Fervo Energy have expanded their collaboration through a supply agreement, with Fervo providing an additional 115 MW of geothermal power to the grid. This agreement underscores Google's commitment to procuring carbon-free energy and diversifying its energy sources. For Fervo, this deal represents a significant step in scaling its enhanced geothermal systems (EGS) technology and demonstrating its viability as a reliable source of clean, firm power. The partnership leverages Google's substantial energy demand and financial resources to support the growth of an innovative geothermal energy provider. While the financial details of the agreement remain undisclosed, the 115 MW capacity is a notable expansion of their existing relationship. This deal highlights the growing interest in geothermal energy as a firm, dispatchable renewable energy source, contrasting with the intermittency of solar and wind. Google's active role as an offtaker, with nearly 1.2 GW of carbon-free energy secured via PPAs, further validates the increasing corporate demand for clean energy solutions and the willingness to invest in emerging technologies like EGS.
  • 115 MW geothermal power supply agreement between Fervo Energy and Google.
  • Expands existing collaboration between the two companies.
  • Demonstrates Google's commitment to carbon-free energy procurement.
  • Validates the viability of enhanced geothermal systems (EGS) technology.
Market Context: The geothermal energy sector is gaining traction as a reliable and dispatchable renewable energy source, offering a complement to intermittent sources like solar and wind. Enhanced Geothermal Systems (EGS) are a key technology driver in this sector, allowing for geothermal energy production in a wider range of geographic locations.

Source Intelligence

KEY DETAILS

The agreement is pending approval by the state Public Utilities Commission. "Ormat expects the geothermal plants to begin producing power between 2028 and 2030, and continue operating for at least 15 years after."

Capacity
Ormat Technologies, a company specializing in geothermal energy generation, announced an agreement with Nevada's NV Energy to supply an additional 150 megawatts to the grid to support Google's datacenter expansion in the region.
Location
Ormat Technologies, a company specializing in geothermal energy generation, announced an agreement with Nevada's NV Energy to supply an additional 150 megawatts to the grid to support Google's datacenter expansion in the region.
Announcement
Tobias Mann Wed 18 Feb 2026
COD
Barring any delays, Ormat expects the geothermal plants to begin producing power between 2028 and 2030, and continue operating for at least 15 years after.
PARTIES MENTIONED IN SOURCE
O
Ormat Technologies seller

"Ormat Technologies, a company specializing in geothermal energy generation, announced an agreement with Nevada's NV Energy to supply an additional 150 megawatts to the grid to support Google's datacenter expansion in the region."

N
NV Energy buyer

"Ormat Technologies, a company specializing in geothermal energy generation, announced an agreement with Nevada's NV Energy to supply an additional 150 megawatts to the grid to support Google's datacenter expansion in the region."

G
Google buyer

"Ormat Technologies, a company specializing in geothermal energy generation, announced an agreement with Nevada's NV Energy to supply an additional 150 megawatts to the grid to support Google's datacenter expansion in the region."

F
Fervo Energy developer

"In 2023, Google partner Fervo Energy brought its first "enhanced geothermal plant" online."

M
Meta buyer

"Google isn't the only hyperscaler investing in geothermal power. Meta has also explored the tech."

S
Sage Geosystems seller

"In 2024, the company struck a deal with Sage Geosystems to deliver up to 150 megawatts of power harvested from the Earth."

high quality Enriched Feb 22, 2026

Timeline

Announced
Feb 18, 2026
Signed
Closed

Market Context

This deal is part of the Geothermal sector in USA.
28
Geothermal deals
206
deals in USA
1 of 28 Geothermal deals tracked this month · Updated daily

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