Geothermal Isn't Expensive: The Reservoir Always Has the Final Say Somewhere beneath a volcanic ridge, a drill bit is turning through rock that has not moved in two million years. It costs money every second it turns. And nobody on the surface — not the engineer, not the financier, not the minister who announced the megawatts — knows yet whether that well will produce steam or silence. That single moment explains almost everything people get wrong about geothermal energy. Geothermal is routinely described as expensive, slow, capital-hungry and haunted by drilling risk. Investors are reminded that tens of millions can disappear underground before a single megawatt reaches a grid. All of that is true. But it is not the whole truth. The uncomfortable question the industry keeps avoiding is this: is geothermal expensive, or is the way we develop geothermal making it expensive? Those are two completely different problems. One is geology. The other is us. Why Geothermal Refuses to Be...
Ormat Secures 25-Year PPA Extension – Powering Southern California with Geothermal Energy Until 2052 By: Robert Buluma In an era where the world’s energy future hinges on reliability, resilience, and sustainability, Ormat Technologies has just delivered one of the most significant announcements in the geothermal sector. On August 25, 2025, the Nevada-based geothermal powerhouse confirmed the signing of a 25-year power purchase agreement (PPA) extension with the Southern California Public Power Authority (SCPPA) . This milestone means that the Heber 1 geothermal facility , located in California’s Imperial Valley, will continue delivering 52MW of clean, around-the-clock electricity to millions of Californians until 2052 . For the Los Angeles Department of Water and Power (LADWP) and the Imperial Irrigation District (IID) , this deal secures a cornerstone of California’s baseload renewable energy future . A Cornerstone of California’s Clean Energy Transition “This agree...