In Nevada, U.S. renewable energy developer Ormat Technologies has signed a long-term geothermal power purchase agreement with utility NV Energy to supply electricity for Google’s data-center operations, the company announced on Tuesday.
The deal covers 150 megawatts of new geothermal capacity, allowing Ormat to build several geothermal plants across the state, which are expected to come online between 2028 and 2030.
The agreement comes as U.S. electricity demand rises sharply, driven by the rapid expansion of artificial-intelligence data centers, cryptocurrency mining and a growing shift toward electric heating and transport.
Geothermal energy is attracting increasing attention because it provides carbon-free, round-the-clock power, avoiding the intermittency problems that affect wind and solar power.
Technology companies such as Google are turning to geothermal as they look for reliable ways to meet the massive energy needs of their AI-driven digital infrastructure.
Ormat said the structure of the contract offers a scalable model that allows utilities and large corporate users to invest in clean, dependable power while covering the full cost of electricity services.
Google’s Head of Energy Market Innovation, Briana Kobor, said the Nevada projects would deliver up to 150 MW of firm, clean power using a repeatable framework that ensures predictable energy supply.
The partnership strengthens Nevada’s role as a hub for next-generation renewable power supporting the U.S. technology sector.
Following the announcement, Ormat’s shares jumped more than 4.7%, reflecting strong investor confidence in geothermal-backed growth.
The deal highlights how Big Tech and renewable-energy developers are increasingly working together to meet surging electricity demand while cutting carbon emissions.