While next-generation geothermal projects are advancing in Texas, leveraging oil and gas expertise, industry leaders assert that natural gas will continue to be the dominant force powering the state's industrial and data center boom for the foreseeable future.
SLB (formerly Schlumberger) has landed significant contracts spanning offshore drilling in Indonesia, subsea upgrades in Norway, and geothermal development, highlighting its dual-track strategy in traditional and emerging energy sectors.
A landmark 150-megawatt geothermal agreement between Ormat Technologies and NV Energy will power Google's Nevada operations, marking a significant bet on 'always-on' renewable energy to meet soaring data center demands.
A landmark agreement between California Community Power and XGS Energy aims to deploy next-generation, water-free geothermal technology, potentially unlocking gigawatts of clean, baseload power for the state's strained grid.
A pioneering geothermal installation at a Coney Island development, supported by a mix of incentives, demonstrates the long-term viability and cost savings of the technology in tight urban spaces, despite higher upfront costs.
Ormat Technologies has signed a landmark long-term power purchase agreement to supply up to 150MW of geothermal energy for Google's Nevada operations, marking a significant step in the tech giant's clean energy push and underscoring geothermal's role in the energy transition.
Ormat Technologies has announced a landmark geothermal power purchase agreement to supply Google's Nevada operations, a deal that underscores the growing corporate demand for reliable clean energy. The announcement came alongside solid 2025 results and 2026 revenue guidance, as the company navigates a capital-intensive expansion phase.
The explosive growth of artificial intelligence and data centers is driving U.S. electricity demand to unprecedented levels, pushing consumer bills up 42% in a decade. As utilities scramble to upgrade an overburdened grid, AI itself is emerging as a critical tool to unlock next-generation power sources like fusion and geothermal energy.
From a record-breaking US wind farm to a groundbreaking Saudi hydrogen hub, a wave of major power projects is nearing completion. These ventures, spanning renewables, nuclear, and hybrid systems, highlight the diverse strategies nations are employing to meet soaring electricity demand while navigating the energy transition.
Mitsubishi Corporation and U.S.-based Aethon Energy have announced a strategic global alliance aimed at co-developing projects across liquefied natural gas (LNG), carbon capture, geothermal energy, and digital infrastructure, marking a significant step in the Japanese conglomerate's lower-carbon expansion.
Global corporate purchases of clean power fell to 55.9 GW this year, down from a record 2024, as rising costs and policy uncertainty chilled the market. The U.S. remained the top market, but activity consolidated heavily among tech giants pursuing nuclear and geothermal deals.
Shares of geothermal and renewable energy leader Ormat Technologies have retreated sharply from recent highs, raising questions about whether the pullback presents a value entry point or confirms lingering concerns over its premium valuation.
Shares of geothermal energy leader Ormat Technologies have surged 16% in recent months, approaching their 52-week peak. With the stock now trading near industry valuation multiples, investors are weighing whether the rally has priced in its growth prospects or if opportunity remains.
As monthly gas bills soar, a new report reveals the primary culprit isn't fuel prices but massive infrastructure investments in a network facing long-term decline, raising questions about the financial burden on consumers.
Energy stocks closed lower Tuesday, dragged down by falling crude oil and natural gas prices, while individual movers included a sharp drop for Enbridge and a rally for Enlight Renewable Energy.
Energy stocks broadly declined Tuesday afternoon, dragged down by falling oil and natural gas prices, while select renewable energy firms bucked the trend on strong corporate updates.
Wells Fargo reaffirms its Overweight rating on Constellation Energy (CEG) while adjusting its price target, as analysts spotlight the company's strategic moves in data center power agreements and the recent Calpine acquisition to bolster its clean energy dominance.
A surge in power-hungry data centers, driven by AI expansion, is forcing utilities from Nevada to North Carolina to reconsider fossil fuel reliance, jeopardizing legislated renewable energy goals and sparking fierce debate over growth versus sustainability.
Devon Energy's fourth-quarter revenue of $4.12 billion surpassed analyst expectations, prompting Mizuho Securities to reaffirm its confidence in the oil and gas producer with an Outperform rating.
Ormat Technologies has commenced commercial operations at its Shirk battery storage project in California, backed by a long-term capacity agreement and federal tax credits. The milestone arrives as analysts diverge on whether the stock's recent pullback presents a buying opportunity or reflects underlying risks.
