A 60-year-old geothermal company just became an AI infrastructure play

Ormat, a geothermal energy company founded in the 1960s, has signed a major power purchase agreement with Google for up to 150MW of geothermal capacity in Nevada, marking its entry into supplying data centers. The projects are expected to be operational between 2028 and 2030, with Ormat also advancing enhanced geothermal pilots with Sage Geosystems and SLB. This move highlights geothermal energy's value for continuous power supply to AI infrastructure, contrasting with Europe's more restrained,