Google, Ormat Sign PPA for Geothermal-Powered Data Centers

Ormat and Google's power purchase agreement (PPA) for up to 150MW of new geothermal capacity marks a significant step in Google's commitment to powering its data centers with clean energy. Facilitated by NV Energy’s Clean Transition Tariff (CTT), the agreement allows Ormat to develop a portfolio of new geothermal projects across Nevada, with commercial operations expected between 2028 and 2030. This long-term agreement, extending 15 years beyond the final project's commercial operation date, provides Ormat with revenue certainty and supports the expansion of geothermal energy in Nevada. The deal demonstrates a collaborative approach between a major technology company, a renewable energy developer, and a utility to accelerate the decarbonization of the grid. The PPA leverages the CTT structure to match clean energy generation with customer load, showcasing a model for other states and utilities seeking to attract clean energy investments. Google's involvement, as an active offtaker with a substantial portfolio of renewable energy PPAs, further validates the economic viability and strategic importance of geothermal energy for large energy consumers. The development of multiple geothermal projects under this agreement will contribute to Nevada's clean energy goals and diversify its energy mix.