SUSTAINABILITY
“ This portfolio PPA provides long-term profitable revenue growth and clear visibility into our portfolio development plans, while solidifying our conviction in the expanded exploration and drilling activities we have undertaken over the past several years that laid the groundwork for securing this significant agreement and others like it.”
The portfolio structure allows multiple projects to be added as the company reaches commercial operation between 2028 and 2030, securing up to 15 years of reliable, carbon-free power beyond the final completion date.
The tariff mechanism behind the contract demonstrates how procurement frameworks can scale. By using the CTT, Google ensures that all costs of its electric service are fully covered while insulating other ratepayers from financial impact.
Briana Kobor, Head of Energy Market Innovation at Google, says:“ The momentum of the Clean Transition Tariff through this agreement with NV Energy, Google and Ormat demonstrates a proven, scalable model for large customers to partner with utilities and technology providers to bring new clean capacity to the grid.
“ By adding up to 150MW of new clean-firm geothermal capacity in Nevada, we are utilising a repeatable framework that fully covers all costs associated with our electric service, ensuring the CTT insulates other ratepayers while strengthening the reliability of the local power system.”
“ By adding up to 150MW of new cleanfirm geothermal capacity in Nevada, we are utilising a repeatable framework that fully covers all costs associated with our electric service”
Briana Kobor Head of Energy Market Innovation Google
Unlike intermittent renewables, geothermal energy offers consistent baseload power, critical for data centres that operate continuously. For Nevada’ s grid, the agreement will add up to 150MW of new clean-firm capacity, reinforcing grid reliability and serving as a repeatable blueprint for future corporate procurement strategies in other regions. It also helps Google sustain its broader objective of matching every hour of electricity consumption with carbonfree energy by the end of the decade.
Through this geothermal investment, Google demonstrates that responsible procurement extends beyond price efficiency – it seeks enduring solutions to reliability, decarbonisation and transparency.
54 May 2026