Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant

💥 Ormat Inks New Zealand Deal for World’s Largest Binary Geothermal Plant 💥

In a groundbreaking development for geothermal energy, Ormat Technologies has signed a new contract with Contact Energy Ltd. to construct the Tehuka 3 geothermal power plant in New Zealand. This marks Ormat’s 16th geothermal power plant in the country and solidifies New Zealand's growing reputation as a global geothermal powerhouse.

🔋 59 MW of Clean Energy Incoming

Once completed, Tehuka 3 will generate 59 megawatts (MW) of renewable energy—enough to power thousands of homes and industries with clean electricity. Notably, Tehuka 3 is set to become the largest single geothermal binary unit operational plant in the world, representing a new milestone in binary cycle technology.

🌋 Built on Trust, Powered by Tauhara

This contract marks the third collaboration between Ormat and Contact Energy, underscoring a trusted partnership. The Tehuka 3 plant will be located near the existing Tehuka 1 & 2 plants and will utilize the rich geothermal resources of the Tauhara geothermal field, a region known for its vast underground energy reserves.

💨 Advanced Air-Cooled Technology

As part of the agreement, Ormat will supply its air-cooled Ormat Energy Converters, which offer enhanced efficiency and minimal water usage—perfect for sustainable power generation in regions with limited water resources.

💼 Corporate Commitment

Doron Blachar, CEO of Ormat Technologies, emphasized the deal’s strategic importance:

“The signing of these two contracts increases our product segment backlog and provides a significant contribution to our expected product segment revenues and margins.”

🎉 A Win for Clean Energy

This achievement is a testament to the dedication and collaboration between Contact Energy and Ormat’s teams who worked tirelessly to finalize this game-changing agreement.

🌎 Why This Matters

New Zealand continues to lead the way in geothermal development, showcasing how clean, baseload energy can be harnessed sustainably. Projects like Tehuka 3 demonstrate the growing role of binary technology in global energy transitions and further cement Ormat’s leadership in geothermal innovation.

Source: Ormat

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