--- title: A 60-year-old geothermal company just became an AI... description: Ormat, a geothermal company operating since the 1960s, has signed a power purchase agreement to supply Google with up to 150MW of new geothermal capacity in... canonical: https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: A 60-year-old geothermal company just became an AI infrastructure play | daily.dev og:description: Ormat, a geothermal company operating since the 1960s, has signed a power purchase agreement to supply Google with up to 150MW of new geothermal capacity in... og:url: https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7 og:image: https://api.daily.dev/og/posts/8VIpgvvx7.png og:image:alt: A 60-year-old geothermal company just became an AI infrastructure play og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # A 60-year-old geothermal company just became an AI infrastructure play **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary Ormat, a geothermal company operating since the 1960s, has signed a power purchase agreement to supply Google with up to 150MW of new geothermal capacity in Nevada, its largest data centre power deal yet and more than ten times its January agreement with Switch. The projects are expected online between 2028 and 2030. Ormat is also running enhanced geothermal pilots with Sage Geosystems and SLB targeting late 2027, with revenue up 43% to $662.7mn in the first half of 2026. Meanwhile Europe faces the same data centre power demand but is responding with restraint: Denmark has paused grid connections and the EU has asked households to shift electricity use, even though geothermal resources exist across Iceland, Italy, Germany and the Netherlands. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### What is the size of Ormat's geothermal power deal with Google in Nevada? Ormat agreed to supply Google with up to 150 megawatts of new geothermal capacity in Nevada through the state utility, using a tariff that lets the buyer pay a premium for emerging technology. The projects are expected online between 2028 and 2030, pending Nevada regulator approval in the second half of the year. This dwarfs Ormat's first data centre deal, a 13MW, 20-year agreement with Switch signed in January. _Anyone tracking how AI compute demand reshapes energy contracts can follow deals like this on daily.dev._ ### Why are data centres interested in geothermal power specifically? Data centres value geothermal power because it runs continuously day and night regardless of weather, unlike intermittent sources such as solar or wind. This continuity makes it worth a premium to computing sites even though it costs more than intermittent power, which is why hyperscalers like Google are signing long-term contracts for it. _Engineers weighing power reliability for compute infrastructure can track energy trends like this on daily.dev._ ### How is Europe's approach to data centre energy demand different from the US approach in Nevada? Europe is managing data centre energy demand through restraint rather than new supply contracts: Denmark has paused grid connections because data centres are overwhelming its grid, and the EU has asked households to shift electricity use away from peak hours. Meanwhile geothermal resources are abundant in Iceland, Italy, Germany, and the Netherlands, but the region lacks the fast, long-term contracts that Nevada signed with hyperscalers. _Those comparing regional infrastructure strategies for AI workloads can follow this on daily.dev._ ## Similar posts on daily.dev - [Google digs deep to power AI expansion with geothermal deal](https://daily.dev/posts/google-digs-deep-to-power-ai-expansion-with-geothermal-deal-2gjxsmhtt) · The Register · 0 upvotes · 0 comments - [Fervo signs 396MW geothermal deal with Google for 2028 start](https://daily.dev/posts/fervo-signs-396mw-geothermal-deal-with-google-for-2028-start-bpq5zefji) · The Next Web · 0 upvotes · 0 comments - [Google’s data center power playbook comes into focus](https://daily.dev/posts/google-s-data-center-power-playbook-comes-into-focus-pqt6uqxvk) · TechCrunch · 0 upvotes · 0 comments - [Google adds 1GW of solar to fuel $185B AI spending spree](https://daily.dev/posts/google-adds-1gw-of-solar-to-fuel-185b-ai-spending-spree-832myhbnu) · The Register · 0 upvotes · 0 comments --- Tags: [#cloud](https://daily.dev/tags/cloud), [#google](https://daily.dev/tags/google), [#sustainability](https://daily.dev/tags/sustainability) [View this post on daily.dev](https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"A 60-year-old geothermal company just became an AI infrastructure play","url":"https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7"},"datePublished":"2026-08-22T09:53:56.933Z","dateModified":"2026-08-22T09:54:22.186Z","description":"Ormat, a geothermal company operating since the 1960s, has signed a power purchase agreement to supply Google with up to 150MW of new geothermal capacity in...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/756985193eaeb62d4809f63defdc5b2d?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/756985193eaeb62d4809f63defdc5b2d?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"cloud,google,sustainability","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"A 60-year-old geothermal company just became an AI infrastructure play"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/a-60-year-old-geothermal-company-just-became-an-ai-infrastructure-play-8vipgvvx7#faq","mainEntity":[{"@type":"Question","name":"What is the size of Ormat's geothermal power deal with Google in Nevada?","acceptedAnswer":{"@type":"Answer","text":"Ormat agreed to supply Google with up to 150 megawatts of new geothermal capacity in Nevada through the state utility, using a tariff that lets the buyer pay a premium for emerging technology. 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