NEWSROOM
Powering the cloud after 60 years underground: Ormat’s geothermal pivot to AI
Fortune highlights Ormat’s strategy to meet growing power demand from AI and data centers by expanding its traditional geothermal portfolio and advancing enhanced geothermal systems. The article emphasizes Ormat’s six decades of experience, EGS pilot projects with SLB and Sage Geosystems, and ability to develop next-generation geothermal at scale.
An old-school geothermal giant rides the tech’s newfound popularity
Canary Media examines Ormat’s return to enhanced geothermal systems more than a decade after its Desert Peak demonstration became the first U.S. EGS project to connect to the grid. The article highlights Ormat’s new pilot projects, investment in Sage Geosystems and development of larger-scale power generation equipment to support the industry’s growth.
Ormat Bets on Standardization to Win the Geothermal Race
POWER Magazine highlights how Ormat’s Ormega100 power generation unit could help remove a key barrier to geothermal growth by standardizing plant design, shortening development timelines and improving operating efficiency. The article also highlights Ormat’s measured EGS strategy, vertically integrated business model and ability to fund innovation through its established operations.
Ormat finalizes industry’s largest geothermal power plant design
Reuters reports on Ormat’s development of the Ormega100, a power generation unit capable of producing up to 100 megawatts of electricity. The article highlights how the design, combined with Ormat’s EGS pilot programs and fully integrated capabilities, could help the company respond quickly to rising demand for reliable power.
Ormat Backs Next-Generation Geothermal Startup That Taps Hot Dry Rocks
Bloomberg covers Ormat’s role in co-leading Sage Geosystems’ $97 million Series B funding round and the companies’ partnership to advance enhanced geothermal technology. The article explains how Ormat’s development, permitting and power plant expertise could help Sage validate its technology, reduce project timelines and scale its approach more quickly.