Ormat Technologies pivots to AI-driven geothermal power with EGS projects
Ormat Technologies, a geothermal energy company, is expanding into AI-driven Enhanced Geothermal Systems (EGS) to provide 24/7 power for data centers. The company has secured contracts, including a 150 MW deal with NV Energy for Google's data centers and a 13 MW agreement with Switch. Ormat has partnered with SLB and Sage Geosystems for EGS pilot projects and aims to increase its generating portfolio to 2.6-2.8 GW by 2028, with EGS contributing to growth. The company raised its 2026 revenue guid



