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If You Had $1 Billion for Geothermal, Where Should You Invest?

Pearl Geothermal and Ormat: Nevada’s Next Clean Energy Step

Pearl Geothermal and Ormat : How a New Nevada Project Fits Into the State’s Clean Energy Future By:  Robert Buluma The Bureau of Land Management’s authorization of the Pearl Geothermal Development Project in southwestern Nevada marks another important step in the steady expansion of geothermal energy on public lands. The project, cleared through an accelerated environmental review, would allow Ormat Nevada Inc. to develop a 60-megawatt geothermal facility composed of two 30-megawatt air-cooled binary plants, with associated wells, support infrastructure, and a transmission line stretching roughly 29 miles at 120 kilovolts. The BLM says the project would disturb up to about 1,257 acres on BLM-managed lands in Esmeralda County, with restoration required once areas are no longer needed. For Nevada, a state already known for its geothermal leadership, the project is another sign that the resource remains central to the region’s energy strategy . What makes Pearl noteworthy is not ju...

“TOPP2 Geothermal Plant Powers New Zealand’s Renewable Energy Future”

Geothermal Power Plant “TOPP2” Commences Operations in New Zealand By: Robert Buluma  Steady Progress in Renewable Energy Through Collaboration with Eastland Generation March 26, 2026 Obayashi Corporation (Head Office: Minato-ku, Tokyo; President: Toshimi Sato) has announced the successful commencement of operations at the TOPP2 geothermal power plant , a 49 MW facility developed by Eastland Generation Limited (EG) in Kawerau, New Zealand. The plant officially opened on March 20, 2026 , marking a significant milestone in New Zealand’s renewable energy sector. Expanding Renewable Energy in New Zealand TOPP2 contributes to the expansion of New Zealand’s renewable energy infrastructure, providing a stable and sustainable electricity supply. With this new addition, EG has increased its total generating capacity from 69 MW to 118 MW , strengthening its business foundation through long-term power sales contracts and consistent electricity supply to the market. The opening ceremony...