A 60-Year-Old Geothermal Company Just Became an AI Infrastructure Play
4 Articles
4 Articles
A 60-year-old geothermal company just became an AI infrastructure play
Ormat, a geothermal company founded six decades ago, has signed a power purchase agreement with Google for up to 150MW in Nevada and is running enhanced geothermal pilots with Sage Geosystems and SLB. Europe has the same demand problem and is meeting it with restraint rather than contracts. A company that has been drilling for […] This story continues at The Next Web
After 60 years underground, now powering the cloud: Ormat's AI pivot
For 60 years, Ormat Technologies strategically built geothermal power plants where nature allows—over underground reservoirs of high-pressure water or steam—including around the so-called Pacific “Ring of Fire” from Asia to the Americas. Doing so made Ormat the largest geothermal operator in the world. Today, Ormat hopes to grow exponentially with the AI data center boom, aiming to build baseload, clean power plants throughout the Western United…
Ormat, a geothermal company with six decades of history, is positioned as an infrastructure provider for artificial intelligence after entering into an agreement of up to 150 MW in Nevada to support Google’s operations. The agreement depends on the approval of state regulators and contemplates the development of new geothermal projects. *** Ormat will develop a portfolio of new projects to supply up to 150 MW of geothermal capacity to Google’s o…
Ormat Technologies pivots to AI-driven geothermal power with EGS projects
Ormat's AI-driven geothermal pivot could revolutionize energy reliability, offering scalable, 24/7 renewable power solutions for data centers. The post Ormat Technologies pivots to AI-driven geothermal power with EGS projects appeared first on Crypto Briefing.
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