Business

Ormat Technologies Announces the Signing of Geothermal Portfolio PPA of Up to 150 MW to Support Google’s Data Center Operations Through NV Energy

Long-Term, Contractual Portfolio PPA to Support Google’s Data Center Energy Needs, Strengthening Ormat’s Growth Strategy Beyond 2028RENO, Nev., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE:ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced that it has entered into a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to support Google’s operations in Nevada with up to 150MW of new geothermal capacity. The PPA, whi

articleOrmat Technologies, Inc.February 17, 20265/company/ormat-technologies-inc/news/ormat-technologies-announces-the-signing-of-geothermal-portfolio-ppa-of-up-to-150-mw-to-support-googles-data-center-operations-through-nv-energy
Ormat Technologies Announces the Signing of Geothermal Portfolio PPA of Up to 150 MW to Support Google’s Data Center Operations Through NV Energy

About this update from Ormat Technologies, Inc.

[{"type":"image","alt":"Ormat Technologies, Inc.","displaySize":"","headline":null,"caption":"Ormat Technologies, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":236,"height":300,"url":"https://media.zenfs.com/en/globenewswire.com/7a225ca9e9abe7c97b1be71865ca23ad"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/dUqKwb6XWe8Xke5upDoGCA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTUzNDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7a225ca9e9abe7c97b1be71865ca23ad","width":236,"height":300}},"lazy":false},{"type":"text","content":"Long-Term, Contractual Portfolio PPA to Support Google’s Data Center Energy Needs, Strengthening Ormat’s Growth Strategy Beyond 2028","length":132,"tagName":"p"},{"type":"text","content":"RENO, Nev., Feb. 17, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE:ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced that it has entered into a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to support Google’s operations in Nevada with up to 150MW of new geothermal capacity. The PPA, which will cover a multi-project portfolio, is enabled through NV Energy’s Clean Transition Tariff (CTT) and is subject to approval by the Public Utilities Commission of Nevada (PUCN), expected in the second half of 2026. The agreement dually supports Ormat’s long-term growth strategy and trajectory, enabling the development of multiple new geothermal projects, which are expected to come online from 2028 to 2030.","length":781,"tagName":"p"},{"type":"text","content":"The agreement establishes a portfolio structure, allowing Ormat to develop a series of new geothermal projects across Nevada. These projects will be added to the portfolio as they reach commercial operation, beginning as early as 2028 and expected to continue through 2030. Per the PPA structure, the contract term begins with the first geothermal project achieving commercial operations and extends 15 years beyond the final project’s commercial operations date, offering long-duration stability for both companies while enabling efficient multi-site development planning.","length":573,"tagName":"p"},{"type":"text","content":"Energy delivered under the portfolio PPA is enabled by NV Energy’s Clean Transition Tariff (CTT), which creates a scalable pathway for utilities and large energy users like Goo...

More updates from Ormat Technologies, Inc.

NV EnergyOrmat TechnologiesGooglegeothermal Powergeothermal projectsgeothermal projectClean Transition Tariffcommercial operationsNevadageothermal energy