Ormat Wins $35M DOE Grant for Nevada and Utah Geothermal Projects
The U.S. Department of Energy is awarding Ormat roughly $35 million to advance geothermal development at two western sites.
Ormat Technologies has been selected to receive approximately $35 million in U.S. Department of Energy funding to accelerate geothermal energy development at two of its existing project sites in the American West, the company announced.
The federal dollars are earmarked for development activities at Ormat's Dixie Valley project in Nevada and its Cove Fort project in Utah. The funding is intended to support both enhanced geothermal systems, known as EGS, and conventional hydrothermal development — two distinct but complementary approaches to expanding geothermal power capacity.
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EGS technology is widely regarded as a potential game-changer for the geothermal industry because it can unlock heat resources in areas that lack the naturally occurring water or permeability required for traditional hydrothermal plants. Federal investment in EGS aligns with broader Biden-era and ongoing DOE initiatives to diversify the U.S. renewable energy portfolio beyond wind and solar.
Ormat, one of the largest geothermal operators in the United States, stands to use the grant to de-risk exploration and drilling activities at both sites — costs that have historically slowed geothermal project development relative to other clean energy technologies. The Dixie Valley and Cove Fort locations represent established geothermal corridors in the Great Basin region, an area with some of the nation's richest subsurface heat resources.
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