Ormat Technologies and SLB Collaborate to Develop Integrated Geothermal Assets

Ormat Technologies and SLB, leading companies in the renewable energy and geothermal sectors, have announced a partnership to accelerate the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). This collaboration aims to streamline project deployment, from concept to power generation, and will involve the design and construction of an EGS pilot at an Ormat site. The integrated solution will be demonstrated at an existing Ormat facility, covering all aspects of the development cycle and validating commercial-scale EGS deployment.

Key Takeaways:

• Ormat and SLB will co-develop and deploy integrated geothermal assets and EGS systems designed for optimal long-term performance, leveraging Ormat's expertise in power plant design and development, and SLB's strengths in subsurface and reservoir engineering.
• The collaboration will include the design and construction of an EGS pilot at an Ormat site to demonstrate the integrated solution and validate commercial-scale EGS deployment.
• Following the pilot, SLB and Ormat will jointly pursue large-scale EGS commercialization for independent power producers, utilities, and other customers, including data center operators.
• Ormat has engineered, manufactured, and constructed power plants, which it currently owns or has installed for utilities and developers worldwide, totaling approximately 3,400MW of gross capacity.
• SLB is a global technology company that drives energy innovation for a balanced planet, with a global footprint in more than 100 countries and employees representing almost twice as many nationalities.
• The collaboration aims to advance the commercial viability of EGS technologies and represents a significant step forward in the geothermal industry.
• Ormat's current total generating portfolio is 1,618MW, with a 1,268MW geothermal and solar generation portfolio spread globally in the U.S., Kenya, Guatemala, Indonesia, Honduras, and Guadeloupe.

Statistics:

• The U.S. Department of Energy estimates that next-generation geothermal could provide 90 gigawatts (GW) by 2050, and potentially up to 300 GW in the U.S. alone.
• Ormat owns, operates, designs, manufactures, and sells geothermal and geothermal-recovered energy generation (REG) power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low-, medium-, and high-temperature heat into electricity.
• The total gross capacity of Ormat's plants that it currently owns or has installed for utilities and developers worldwide is approximately 3,400MW.

Sources:

• GlobeNewswire (MIL-OSI), Oct. 27, 2025
• Ormat Technologies Press Release, Oct. 27, 2025
• SLB Press Release, Oct. 27, 2025