Powering the cloud after 60 years underground: Ormat’s geothermal pivot to AI

Ormat Technologies plans to achieve exponential growth by pivoting towards Enhanced Geothermal Systems (EGS), utilizing traditional geothermal expertise combined with advanced techniques like oil-drilling and fracking. This strategy aims to build baseload, clean power in the Western United States, leveraging high demand from the AI data center boom through partnerships such as Google and Switch.