The press release from Ormat Technologies dated February 17, 2026, announces a major deal: a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to deliver up to 150 MW of new geothermal capacity specifically to support Google's data center operations in Nevada. This agreement, facilitated through NV Energy's Clean Transition Tariff (CTT), is pending approval from the Public Utilities Commission of Nevada (PUCN), anticipated in the second half of 2026. In a significant step forward for renewable energy and the tech industry's sustainability goals, Ormat Technologies Inc. (NYSE: ORA) , a leading vertically integrated geothermal and renewable energy company, has signed a portfolio Power Purchase Agreement (PPA) that could deliver up to 150 megawatts (MW) of clean, reliable geothermal power to support Google's data centers in Nevada. Announced on February 17, 2026, this long-term contract marks a pivotal moment in addressing the surging electricity deman...
Greece is sitting on a hidden treasure trove right beneath its feet not gold or oil, but something far more sustainable and exciting: geothermal energy. By: Robert Buluma In mid-December 2025, the Ministry of Environment and Energy (ΥΠΕΝ) took a major step forward by publishing two key ministerial decisions that officially classify geothermal fields across the country. The first decision (ΥΠΕΝ/ΔΑΠ/142903/684, published in Government Gazette ΦΕΚ 7320/Β/2025) designates 14 geothermal fields of local interest, featuring temperatures ranging from 30°C to 90°C—perfect for direct-use applications like district heating, greenhouse agriculture, spa tourism, aquaculture, and even small-scale electricity generation. The second decision upgrades the Stypsi field on Lesvos to national interest status (based on updated data from ΔΕΗ Ανανεώσιμες), with temperatures exceeding 90°C and reservoir depths of 250–600 meters. This opens the door to larger-scale, high-enthalpy geothermal power production. W...