Ormat signs up to 150 MW geothermal PPA with NV Energy to support Google data centers

ORMAT TECHNOLOGIES, INC.

PPA covers multi-project portfolio of up to 150 MW of new geothermal capacity in Nevada.
Projects expected online 2028-2030; contract term extends 15 years beyond final project's COD.
PPA enabled by NV Energy’s Clean Transition Tariff; subject to PUCN approval expected H2 2026.
Agreement supports Ormat’s long-term growth strategy beyond 2028 and strengthens shareholder value.
Partnership with Google and NV Energy demonstrates scalable model for clean firm power for data centers.

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