Ormat Signs 150 MW Geothermal PPA with NV Energy to Support Google's Data Centers

Ormat Technologies' Power Purchase Agreement (PPA) with NV Energy to supply 150 MW of geothermal energy to support Google's data centers in Nevada represents a significant development in the renewable energy sector. Enabled by NV Energy's Clean Transition Tariff (CTT), this agreement allows Google to directly invest in clean electricity to power its operations, while providing Ormat with a long-term revenue stream and the opportunity to expand its geothermal portfolio across Nevada. The PPA, subject to approval by the Public Utilities Commission of Nevada (PUCN), is expected to bring new geothermal capacity online between 2028 and 2030. This deal underscores the growing trend of large technology companies like Google directly procuring renewable energy to meet their sustainability goals. By leveraging the CTT, NV Energy facilitates these investments and promotes the development of advanced clean energy technologies. The agreement also highlights the increasing importance of geothermal energy as a reliable and baseload renewable energy source, particularly in regions with favorable geological conditions. This PPA demonstrates a commitment to long-term sustainable energy solutions and provides a model for future collaborations between utilities, technology companies, and renewable energy developers.