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Google secures 150 megawatts of geothermal energy from Ormat for Nevada data centers
Wednesday, February 18, 2026 at 01:11 PM
Google has signed an agreement to receive 150 megawatts of geothermal energy from Ormat Technologies through a partnership with NV Energy to power its Nevada operations. The energy will be sourced from a portfolio of new geothermal projects expected to become operational between 2028 and 2030, with a 15-year supply term once the final project is completed.
Context
Ormat has finalized a significant deal with Berkshire Hathaway subsidiary NV Energy to supply Google with 150 megawatts of geothermal power for its Nevada data centers. The agreement utilizes a Clean Transition Tariff, a scalable model that enables large technology firms to directly fund carbon-free energy projects. This ensures the high-cost infrastructure required for AI is fully covered by the user, protecting general ratepayers while securing "firm" 24/7 power for Google's critical digital operations.
Investors should note the strategic timeline, as the projects are slated to begin commercial operations between 2028 and 2030. The contract guarantees Ormat steady revenue for 15 years beyond the final project's completion, providing long-term visibility into the company's development pipeline. This move is a pivotal step in Google’s broader goal to operate on carbon-free energy by 2030, addressing the massive power consumption spike driven by the current generative AI boom.
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