For 60 years, Ormat Technologies strategically built geothermal power plants where nature allows—over underground reservoirs of high-pressure water or steam—including around the so-called Pacific “Ring of Fire” from Asia to the Americas. Doing so made Ormat the largest geothermal operator in the world.
Today, Ormat hopes to grow exponentially with the AI data center boom, aiming to build baseload, clean power plants throughout the Western United States utilizing both new technologies and old. The goal is called EGS—enhanced geothermal systems—marrying the traditional geothermal business with the newest oil-drilling and fracking techniques. The idea is that EGS will allow for the construction of next-generation geothermal power almost anywhere the customer desires by tapping into deeper, higher-temperature underground reservoirs much more easily.
