Ormat Secures 15 MW PPA With Calpine Energy at Mammoth 2 Geothermal

Ormat Technologies Secures Groundbreaking PPA with Calpine Energy Solutions: Pioneering a New Era in Carbon-Free Energy

By: Robert Buluma

What the Agreement Entails

The Voices Behind the Deal

“Now more than ever, it’s critical to have a robust network of strategic partners, like Ormat, that focus on alternative and renewable geothermal supply-side technologies. This ensures our retail clients can access customized, scalable energy strategies aligned with their unique cost, risk, and carbon goals.”

This wont be the first time Ormat inks a deal with geothermal power house as we reported earlier on on their partnership with SLB

“We are thrilled to collaborate with Calpine Energy Solutions to deliver zero-emission power from Mammoth 2. This PPA represents a significant step forward in our mission to expand geothermal energy capacity while reinforcing Calpine’s commitment to sustainability.”

Why This Deal Matters
A Look at Ormat and Calpine Energy Solutions
The Future of Geothermal Energy

In a landmark deal that underscores the growing demand for sustainable energy solutions, Ormat Technologies Inc., a global leader in geothermal energy, has signed a 10-year Power Purchase Agreement (PPA) with Calpine Energy Solutions. This agreement solidifies Ormat's position as a trailblazer in geothermal innovation while supporting California’s ambitious renewable energy goals.

Under this agreement, Calpine Energy Solutions will procure up to 15 megawatts (MW) of carbon-free geothermal energy from Ormat's Mammoth 2 geothermal power plant in Mammoth Lakes, California. Deliveries are scheduled to begin in the first quarter of 2027, replacing the existing PPA with Southern California Edison.

Ormats Geothermal portfolio stretches globally with some of the wells in exploratory State.

This deal not only increases production capacity but also reflects a higher price point, highlighting the rising value of renewable energy amidst California’s Renewable Portfolio Standards (RPS) compliance and corporate sustainability initiatives.

Sean Fallmer, President of Calpine Energy Solutions, emphasized the importance of partnering with forward-thinking companies like Ormat

Doron Blachar, CEO of Ormat Technologies, shared his excitement:

This agreement exemplifies the tight supply-demand balance for renewable energy in California and beyond. It addresses critical market needs driven by corporate and regulatory demands for clean energy, ensuring reliable, zero-emission power generation.

For Ormat, the PPA is more than just a business transaction. It reflects the company’s unwavering commitment to innovation and sustainability. With a total global generation portfolio of 1,520MW spanning geothermal, solar, and energy storage, Ormat continues to lead the charge in clean energy solutions.

Ormat Technologies: With over 50 years of expertise, Ormat is a vertically integrated powerhouse in geothermal and recovered energy generation (REG). The company is actively expanding into energy storage and solar markets, with operations in the U.S., Kenya, Guatemala, Indonesia, and more.

Calpine Energy Solutions: As one of the largest retail energy providers in the U.S., Calpine focuses on data-driven approaches to energy management. By partnering with Ormat, Calpine reinforces its dedication to providing sustainable, scalable energy solutions to its clients.

Ormat's Mammoth 2 facility is more than just a geothermal plant; it’s a symbol of the future of renewable energy. By harnessing Earth’s natural heat, geothermal energy provides a reliable, clean alternative to traditional fossil fuels, paving the way for a carbon-free future.

This agreement between Ormat and Calpine Energy Solutions is a testament to the potential of geothermal energy to meet today’s sustainability challenges while offering scalable solutions for tomorrow’s energy needs.

For investors, environmentalists, and energy enthusiasts, this partnership marks a pivotal moment in the journey toward a cleaner, greener planet.

Stay tuned as Ormat continues to push the boundaries of what’s possible in renewable energy.

For inquiries or more information, visit Ormat Technologies or Calpine Energy Solutions.

Source:Ormat

Connect with us: Alphaxioms

Comments

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico

Meta and XGS Energy Partner on 150 MW Geothermal Power Project in New Mexico A Game-Changer for AI, Clean Energy, and the Future By Robert Buluma – Alphaxioms Energy Blog In a bold move that signals the future of energy and technology convergence, XGS Energy and Meta Platforms, Inc. have announced a groundbreaking agreement to develop 150 megawatts (MW) of next-generation geothermal energy in New Mexico. This partnership not only promises to reshape the state's energy landscape but also underscores the growing demand for sustainable, round-the-clock power to fuel the age of artificial intelligence (AI) and data-driven economies. Clean Power Without Water – XGS’s Unique Edge At the heart of this partnership lies XGS Energy’s proprietary solid-state geothermal technology. Unlike traditional geothermal systems that rely heavily on water and specific geological conditions, XGS’s innovation enables electricity production from hot, dry rock with zero operating water use. This water-inde...

Green Climate Fund and IDB Drive Geothermal Transformation Across the Eastern Caribbean

Sustainable Energy Facility for the Eastern Caribbean: Unlocking Geothermal Power for Island Nations By: Robert Buluma In a bold step toward achieving energy independence and climate resilience, the Green Climate Fund (GCF), in partnership with the Inter-American Development Bank (IDB), is spearheading a regional geothermal revolution across the Eastern Caribbean. The Sustainable Energy Facility for the Eastern Caribbean (FP020) is not just a clean energy project—it’s a blueprint for how small island developing states (SIDS) can transition from fossil fuel dependency to sustainable, homegrown power. A Regional Vision for Energy Transformation Approved by the GCF Board in October 2016, this multi-country initiative spans Dominica, Grenada, Saint Kitts & Nevis, Saint Lucia, and Saint Vincent & the Grenadines—five nations bound by geography, vulnerability, and a shared goal of energy security. Collectively, these islands have long relied on imported liquid fuels to gen...

Kenya Powers Up: IFC Injects Ksh 6 Billion to Accelerate Menengai Geothermal Project

Kenya Secures Ksh 6 Billion IFC Loan to Accelerate Menengai Geothermal Project 🚀🌱 By: Robert Buluma Kenya’s green energy future just received a significant boost! The International Finance Corporation (IFC) is planning a Ksh 6 billion (~$40 million) loan to accelerate construction at the Menengai Geothermal Project near Nakuru, a cornerstone in the country’s renewable energy ambitions. This funding is earmarked for the construction phase of one of the 35MW Independent Power Producer (IPP) plants within the larger 105 MW Menengai geothermal complex. Once fully operational, the complex is expected to supply clean energy to nearly 500,000 households, a huge leap toward Kenya’s goal of 100% clean energy generation by 2030. Why This Matters for Construction and Development 1. Project Acceleration The IFC loan ensures that construction continues smoothly and rapidly, keeping Kenya on track to expand its baseload renewable energy capacity. 2. Energy Security Unlike solar or wind...

Washington State Digs Deep: Exploring Geothermal Energy for a Clean, Reliable Future

An Early Look at Geothermal Energy in Washington: Opportunities and Community Engagement By: Robert Buluma Washington State is exploring the untapped potential of geothermal energy, a clean and reliable power source derived from the natural heat within the Earth. Mountains such as Mt. St. Helens have been identified as areas with promising geothermal resources, which could support the state’s shift toward renewable energy and reduce greenhouse gas emissions. Although there are currently no geothermal projects underway in Washington, the state is taking proactive steps to assess the risks, benefits, and opportunities of geothermal development. A new collaborative process has been launched, aiming to involve communities, Tribes, and other interested parties in understanding and shaping the future of geothermal energy in the state. Focus on Three Key Areas The Washington Geological Survey, part of the Department of Natural Resources (DNR), has highlighted three regions with geo...

Iceland’s Geothermal Revolution: Bjarni Pálsson to Lead Strategic Task Force Shaping the Nation’s Energy Future

Iceland Charts a Bold Geothermal Future: Bjarni Pálsson to Lead the Nation’s Strategic Task Force By Robert Buluma | October 30, 2025 Iceland — the land where fire meets ice — is once again positioning itself at the forefront of geothermal innovation. In a decisive move, Iceland’s Minister for Environment, Energy, and Climate , Jóhann Páll Jóhannsson, has launched a new strategic initiative to redefine how the country harnesses its powerful geothermal resources — not just as an energy source, but as a national tool for growth, equality, and global leadership. At the helm of this vision stands Bjarni Pálsson , the President of the International Geothermal Association (IGA) and Executive Director of Wind and Geothermal at Landsvirkjun , Iceland’s national power company. Pálsson will chair an expert task force charged with developing a forward-thinking roadmap for Iceland’s geothermal future — one that could once again set a global benchmark for sustainable energy. A Task Force of ...

Margün Energy Secures 505 MW Geothermal Licenses, Expands Renewable Frontier in Turkey

Magnum Energy Expands into Geothermal, Securing Licenses for 505 MW Potential in Turkey Published: November 5, 2025 By Robert Buluma Turkish renewable energy powerhouse Margün Energy is making a bold move into geothermal energy, acquiring nine geothermal licenses that could unlock a potential 505 MW of power production . This expansion aligns with the company’s broader ambitions in renewables and lithium extraction. Listed on the Istanbul Stock Exchange since 2021, Margün Energy announced it will establish a subsidiary, Margün Jeotermal , to oversee its geothermal portfolio across the provinces of Denizli in southwestern Turkey and Manisa in the west. Through its fully-owned subsidiary Bosphorus Yenilenebilir Enerji , Margün Energy will hold a 77.5% stake in the new venture. The company anticipates a total annual electricity output of 3.86 TWh , generating approximately USD 405 million in revenue , translating into USD 324 million in EBITDA . Margün Energy is alre...

New Zealand Assembles Global Experts to Lead Supercritical Geothermal Revolution

New Zealand Gears Up for Supercritical Geothermal Breakthrough By: Robert Buluma New Zealand is taking a bold step into the future of renewable energy with its pioneering supercritical geothermal exploration project. The Government has announced an international review panel of leading geothermal experts to guide this groundbreaking initiative, signaling a major leap toward cleaner, more resilient energy. Global Expertise Joins Forces The panel will be chaired by Professor Roland N. Horne of , a globally recognized leader in earth science and engineering. Joining him are Dr. Omar Friðleifsson and well engineer Kristinn Ingason from the Iceland Deep Drilling Project, along with U.S. geochemist Dr. Darrell Gallup. Their combined expertise covers the full spectrum of geothermal science and engineering, ensuring that New Zealand’s supercritical geothermal ambitions are in capable hands. In addition to the international experts, a top-tier New Zealand technical team has been appointed...

Djibouti and Canada’s 4th Resource Corp to Seal Strategic Partnership in Geothermal Energy Development

Djibouti and 4th Resource Corp Forge New Path in Geothermal Energy Development November 10, 2025 | Alphaxioms Energy Desk By Robert Buluma 4In a significant stride toward strengthening Djibouti’s renewable energy ambitions, the country’s Minister of Energy and Natural Resources , H.E. Yonis Ali Guedi , has officially received a delegation from the Canadian company 4th Resource Corp , a firm renowned for its expertise in geothermal resource exploration and development. The high-level meeting, held in Djibouti City, marked the beginning of what could become a transformative partnership for Djibouti’s energy sector. The discussions centered on geothermal energy development , a cornerstone of the nation’s strategy to diversify its energy mix and achieve long-term energy independence. A Promising Collaboration The visiting Canadian delegation, led by Mr. Dave Armbruster (Chairman) and Mr. Phil Harms (CEO) of 4th Resource Corp, presented the company’s vision and technical roadmap...

Vinkovci’s Geothermal Breakthrough: Unlocking Croatia’s Clean Energy Future

Vinkovci Uncovers Massive Geothermal Potential: Studies and Documentation Underway By: Robert Buluma Vinkovci, Croatia – November 3, 2025 Recent research at the Vinkovci GT-1 well has confirmed significant geothermal potential in the area, positioning Vinkovci as the third Croatian city—after Velika Gorica and Osijek—to record reservoir temperatures above 100°C. These findings continue a successful series of exploratory activities led by the Croatian Hydrocarbons Agency (Agencija za ugljikovodike) as part of the project “Preparation and Exploration of Geothermal Potential in the Context of Centralized Heating.” Energy of the Future Beneath Vinkovci Mayor Josip Romić expressed his excitement on social media, stating: "Research has confirmed what we believed from the start—Vinkovci and our region hold enormous geothermal potential. Beneath our feet lies the energy of the future, enabling us to reduce dependency on external factors and fluctuating energy prices. This is ...

Global Geothermal Insights: An Exclusive Interview with Drilling Engineer Sam Abraham

Global Geothermal Insights: Interview with Sam Abraham the Geothermal Global Technical Advisor at Halliburton This interview was done by Robert Buluma on 5th of November 7:30 Am EST At Alphaxioms , we are committed to uncovering the deeper truths behind geothermal energy , the drilling, the risks, the innovations, and the frontiers. Today we welcome Sam Abraham , a veteran drilling engineer whose global geothermal experience spans more than 25 years. From oil & gas beginnings to geothermal hotspots around the world, Sam shares his journey, insights, and advice for the next generation. Career Journey & Background Sam, could you tell us about your career path and what led you into geothermal drilling? I have a background in oil and gas — seven years since 1991. I served as a base manager in Jakarta for three years, and also worked a little in geothermal alongside oil & gas. In 2005 I moved to New Zealand, given its vast geothermal resources. Fro...

Alphaxioms Geothermal News and Related Research Globally

Search This Blog