Renewable energy company Ormat Technologies has signed a long-term agreement with NV Energy to supply 150 megawatts of geothermal power to Google's Nevada operations. The deal, announced Tuesday, will support the development of new geothermal projects across Nevada, with capacity coming online between 2028 and 2030.

This agreement represents a strategic solution for utilities and major tech users to invest in clean, reliable power while covering all associated service costs. Geothermal energy is experiencing a resurgence as a carbon-free alternative to nuclear power, particularly appealing to Big Tech companies facing the massive electricity demands of AI data centers and cryptocurrency operations.

U.S. power consumption is projected to rise significantly through 2026, driven by rapid data center expansion and the electrification of heating and transport systems. Google's investment in geothermal demonstrates how major tech companies are securing stable, renewable energy sources to power their expanding infrastructure. The scalable framework established by this deal could serve as a model for similar partnerships between energy providers and technology companies seeking sustainable power solutions.