Ormat Technologies Signs 20-Year PPA with Switch for ~13MW of Carbon-Free Geothermal Capacity to Power Data Centers
Ormat Technologies(US:ORA) Globenewswire·2026-01-12 22:08NEW GEOTHERMAL PPA WITH SWITCH ENHANCES THE ECONOMICS OF ORMAT’S SALT WELLS POWER PLANT RENO, Nev., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced the signing of a 20-year Power Purchase Agreement (PPA) with Switch, the premier provider of AI, cloud and enterprise data centers. This agreement represents Ormat’s first direct PPA with a data center operator, highlighting Ormat’s leading capabi ...