Ormat Secures 150MW Geothermal PPA with Google via NV Energy

Event summary

  • Ormat signed a long-term geothermal PPA with NV Energy to supply up to 150MW for Google’s Nevada data centers.
  • The agreement covers a multi-project portfolio, with projects expected to come online between 2028 and 2030.
  • The PPA is enabled through NV Energy’s Clean Transition Tariff (CTT) and requires PUCN approval in H2 2026.
  • The contract term extends 15 years beyond the final project’s commercial operations date.

The big picture

This PPA underscores the growing demand for reliable, carbon-free power to support AI-driven data center expansion. The deal highlights geothermal’s role in meeting long-term clean energy needs, with the CTT serving as a potential blueprint for other utility-corporate partnerships. The agreement also reflects Ormat’s strategic focus on expanding its geothermal portfolio, leveraging favorable tax credits under the OBBBA framework.

What we're watching

Regulatory Approval
Whether the PUCN will approve the agreement in H2 2026 as expected.
Project Execution
The pace at which Ormat can develop and bring online the geothermal projects between 2028 and 2030.
Market Replication
How scalable NV Energy’s Clean Transition Tariff model proves to be in other U.S. electricity markets.

Related topics

Technology