Ormat Technologies Signs 20-Year Geothermal Power Deal with Switch

Reuters01-13

Ormat Technologies Signs 20-Year Geothermal Power Deal with Switch

Ormat Technologies Inc. announced the signing of a 20-year Power Purchase Agreement $(PPA)$ with Switch, a provider of AI, cloud, and enterprise data centers. Under the agreement, Ormat will supply approximately 13MW of carbon-free geothermal energy from its Salt Wells facility to power Switch's data centers. This marks Ormat's first direct PPA with a data center operator. The agreement allows for potential expansion through the addition of a Solar PV facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ormat Technologies Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9624322) on January 12, 2026, and is solely responsible for the information contained therein.

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